Cincinnati Multifamily Investment
532 Rockdale Ave, Cincinnati, OH 45229
12-unit multifamily property in Cincinnati's Uptown / Avondale rental corridor.
Type:Multifamily
Property size:
7,950 SFPrice / SF:
$144/SF- Added:
- May 21, 2026
- Days on Market:
- 13
- Last Refresh:
- May 27 at 8:17 am
Property Features for 532 Rockdale Ave
General Information
- Standard status
- Active
- Size
- 7,950 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1955
Listing agent Matthew E. Drane License #SAL.2020000914
Listing office Verti Commercial Real Estate
Listing date May 21, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Verti Commercial Real Estate
HighLights
- Stable, income‑producing asset with in‑place cash flow from day one.
- Measurable upside through organic rent growth to market rates.
- Located in Cincinnati's Uptown / Avondale rental corridor near major education and healthcare anchors.
- Appeals to a broad renter base including hospital workers, students, and young professionals.
- Unit mix concentrated in high‑demand two‑bedroom layouts.
- Priced at $95,833 per unit.
Overview
The property at 532 Rockdale Ave, Cincinnati, OH is a 12-unit multifamily asset built in 1955. The property encompasses approximately 7,950 square feet. The unit mix is concentrated in two-bedroom layouts. The property is positioned as a stabilized, income-producing asset with upside through organic rent growth to market. Current occupancy and in-place cash flow provide a stable foundation. The property benefits from its position within Cincinnati's Uptown / Avondale rental corridor, near several of the city's education, healthcare, and lifestyle anchors, including the University of Cincinnati, UC Medical Center, Cincinnati Children's Hospital Medical Center, Xavier University, Cincinnati State, and the Cincinnati Zoo & Botanical Garden. This location creates a broad renter base that can appeal to hospital workers, students, graduate students, university staff, young professionals, and renters who want convenient access to Cincinnati's major employment and entertainment districts. The property is a short drive from downtown Cincinnati, Over-the-Rhine, Findlay Market, Hard Rock Casino Cincinnati, Fountain Square, the riverfront, and Cincinnati's major sports and cultural attractions.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.5k | $14.28 |
| − Vacancy | −$6.1k | −$0.77 |
| EGI | $107.4k | $13.51 |
| − OpEx | −$48.3k | −$6.08 |
| NOI | $59.1k | $7.43 |
7,950 SF · lease $14.28/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$843.8K
$738.4K – $984.5K
NOI $59,068 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,624 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Longitude
- -84.4961257
- Latitude
- 39.145085
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit multifamily property in Cincinnati's Uptown / Avondale rental corridor.
Where is this apartment building located?
The property is located at 532 Rockdale Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Stable, income‑producing asset with in‑place cash flow from day one.; Measurable upside through organic rent growth to market rates.; Located in Cincinnati's Uptown / Avondale rental corridor near major education and healthcare anchors.
