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Two-Building Apartment Property

6494 Spruce Street, Elmwood Place, OH 45216

For Sale
$600,000

The 10-unit mix includes one-bedroom apartments and efficiencies, with separate utilities and coin-operated laundry in each building.

Property SizeContact for details
Days on Market57

Property Features for 6494 Spruce Street

General Information

Standard status Active
Property subtype Multi Family Home
Zoning Multi Family

Units

Unit Mix 8 x one bedroom, 2 x efficiency
Multifamily Units 10
Individually Metered Utilities electricity

Additional Details

Tenant in Place Yes

Amenities

coin laundry
storage closets
security system
keyless entry locks
Security System

Building Details

Year Built 1962
Buildings 2
Units 10
Listing Agency: Coldwell Banker Realty, Anders
Listed By: Emily R Godin
Source: Falgnerrealty
Added: Sep 14 Changed: Nov 7 Last Checked: Nov 8 at 3:10PM

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 Coldwell Banker Realty, Anders

Rey
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Investment Insights

Based on property information with market context.

This 10-unit apartment property consists of two buildings, with eight one-bedroom units and two efficiencies. Most apartments have been updated, and newer appliances, keyless door locks, and an exterior Ring security system are among the improvements. Each unit has a locking storage closet in the basement. Coin-operated laundry is available in both buildings, and parking is provided in front. The property was built in 1962 and is zoned Multi Family.

Tenants pay electricity, while water costs are incorporated into rents. All units are on month-to-month arrangements.

Key Highlights

  • Two buildings with 10 apartments: eight one‑bedroom units and two efficiencies
  • Most units have been updated and include newer appliances
  • Coin‑operated laundry in both buildings

Property Analytics

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 45216, OH

9,667
Population
4,262
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
3,453
Density / Sq Mi
$51,602
Median Household Income
$40,333
Median Earnings
$815
Median Rent
$138,200
Median Home Value

Market

Properties on Market for Apartment buildings in Hamilton County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The 10-unit mix includes one-bedroom apartments and efficiencies, with separate utilities and coin-operated laundry in each building.
Where is this apartment building located?
The property is located at 6494 Spruce Street Elmwood Place, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two buildings with 10 apartments: eight one‑bedroom units and two efficiencies; Most units have been updated and include newer appliances; Coin‑operated laundry in both buildings
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