5-Unit Loft Apartment
7 E University Avenue, Cincinnati, OH 45219
For Sale
New
$1,100,000
The updated property is fully leased and provides laundry within apartments as well as on site.
Property Size13,073 SF
Price / SF$84.14
Days on Market4
Property Features for 7 E University Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Amenities
in-unit laundry
on-site laundry
Building Details
Year Built
Construction
Listing Agency:
Sibcy Cline, Inc. (513-248-0800)
Listed By:
Tami Holmes · License #2005015284
(937) 506-8360
Source:
Tami-holmes
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:51AM
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 Sibcy Cline, Inc. (513-248-0800)
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this five-apartment property has a loft-style layout, a mix of unit sizes, and updated interiors. Laundry is available both within apartments and in a shared on-site area, and the building is fully leased.
The property is near campus, Nippert Stadium, Bogart’s, coffee shops, and pubs. It may also be acquired with a nearby six-unit property and a 12-space parking lot at 9-13 E University.
The property is near campus, Nippert Stadium, Bogart’s, coffee shops, and pubs. It may also be acquired with a nearby six-unit property and a 12-space parking lot at 9-13 E University.
Key Highlights
- Five loft‑style apartments with a mix of unit sizes
- Fully leased; updated interiors
- Laundry available in apartments and on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,131
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,620
$1.9M
Cap Rate 7%
$1,387,586
$1.4M
Cap Rate 9%
$1,079,233
$1.1M
Market Conditions
NOI Build-Up for 13,073 SF
Gross rent
$186.7K $14.28/SF
− Vacancy
−$10.1K −$0.77/SF
EGI
$176.6K $13.51/SF
− OpEx
−$79.5K −$6.08/SF
NOI
$97.1K $7.43/SF
Area
Cincinnati, OH
Vacancy
5.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,620
Cap Rate 7%
$1,387,586
Cap Rate 9%
$1,079,233
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,131 @ 7.0% cap · market cap 8.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,911 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
7,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 45219, OH
20,644
Population
8,023
Households
2.6
Avg Household Size
25
Median Age
50%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
12,903
Density / Sq Mi
$35,936
Median Household Income
$12,462
Median Earnings
$1,166
Median Rent
$222,500
Median Home Value
Market
Properties on Market for Apartment buildings in Cincinnati
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The updated property is fully leased and provides laundry within apartments as well as on site.
Where is this apartment building located?
The property is located at 7 E University Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Five loft‑style apartments with a mix of unit sizes; Fully leased; updated interiors; Laundry available in apartments and on site
