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Updated 36-Unit Apartment Building
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624 Rockdale Ave, Cincinnati, OH 45229

A walk-up property offers a varied apartment mix, on-site laundry, and recent building-system and interior improvements.

Property Size42,555 SF
Lot Size0.85 Acres
Days on Market2

Property Features for 624 Rockdale Ave

General Information

Standard status Active
Size 42,555 SF
Lot size 0.85 Acres
Property subtype Multifamily
Occupancy 97%

Units

Unit Mix 7 x studio, 5 x 1BR, 6 x 2BR, 12 x 3BR, 6 x 4BR
Multifamily Units 36

Additional Details

Utilities to Site Yes

Amenities

on-site laundry room
security camera system
wifi
New boiler and water heater, replacement windows, LED lighting, security cameras, wifi, and a paved driveway, all completed since 2025
About half the apartments finished with luxury vinyl plank flooring, granite counters, and tiled baths, plus an on-site laundry room
Nine housing agencies pay 73 percent of scheduled rent, $384,516 a year before any tenant share, with collections near 98 percent
Twelve apartments carry no tenant portion at all, with $169,524 a year paid entirely by an agency and about 3,000 households waitlisted
Eighteen three- and four-bedroom apartments, and only two of the 13 nearest communities offer a three-bedroom, none a four-bedroom
Half a mile from Cincinnati Children's and its 19,632 jobs, with UC Medical Center, UC, and the Cincinnati VA within a mile and a half

Building Details

Building Size 42,555 SF
Year Built 1905
Buildings 1
Units 36
Listing Agency: Cincinnati Office
Listed By: Jordan Dickman · License #License(s): OH: SAL.2014001272
Source: Marcusmillichap
Added: Sep 26 Last Checked: Sep 26 at 2:33PM

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 Cincinnati Office

Investment Insights

Based on property information with market context.

This 36-unit walk-up apartment property was built in 1905 and sits on 0.85 acres. The apartments average approximately 821 square feet, with seven studios, five one-bedroom units, six two-bedroom units, 12 three-bedroom units, and six four-bedroom units. Shared amenities include an on-site laundry room, a paved driveway, and street parking. The building is master metered, and ownership covers electric, water, sewer, and trash within a gross-rent structure. Recent work includes a new boiler and water heater, replacement windows throughout, LED lighting, security cameras, Wi-Fi, and driveway paving. About half of the apartments have received updated flooring, counters, and tiled bathrooms as they turned.

The property is in Cincinnati’s Avondale neighborhood, half a mile from Cincinnati Children’s Hospital’s main campus. Cincinnati Children’s, UC Medical Center, the University of Cincinnati, and the Cincinnati VA are each within 1.5 miles. Occupancy is 97%, with 35 of 36 apartments leased on the August 2026 rent roll; collections have averaged near 98% of scheduled rent over the prior 12 months.

Key Highlights

  • 36 apartments across studio, one-, two-, three-, and four‑bedroom layouts
  • 0.85‑acre site; apartments average approximately 821 square feet
  • Built in 1905; walk‑up building with on‑site laundry

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

36
Residential units
97%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,140
Businesses Nearby

Demographics for 45229, OH

12,540
Population
7,813
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
2.7 sq mi
ZIP Area
4,644
Density / Sq Mi
$30,829
Median Household Income
$25,772
Median Earnings
$831
Median Rent
$316,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A walk-up property offers a varied apartment mix, on-site laundry, and recent building-system and interior improvements.
Where is this apartment building located?
The property is located at 624 Rockdale Ave Cincinnati, OH.
What are key features of this property?
This property features: 36 apartments across studio, one-, two-, three-, and four‑bedroom layouts; 0.85‑acre site; apartments average approximately 821 square feet; Built in 1905; walk‑up building with on‑site laundry
More about this property
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