For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

255 Warner St Cincinnati, OH 45219

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

Historic Charm, High ROI Potential

Property Features for 255 Warner St

General Information

Property type
Multifamily properties
Class
A

Building Details

Year Built/Renovated
1890/2013
Buildings
1
Stories
3
Units
29

We can help!

Listing Contact
Ali Abdur-Rahman
Ali Abdur-Rahman

Listing Agency: Plum Tree Realty Listing Agent: Ali Abdur-Rahman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

Exceptional investment opportunity: The Strafford, a Class A, 29-unit apartment building in Cincinnati, OH. This value-add property, built in 1890 and renovated in 2013, boasts 38,701 net rentable square feet across three stories. Currently operating at 89% occupancy, the property generates a NOI of $355,080, with a current cap rate of 3.23%. A pro-forma analysis projects a NOI of $600,000 and a 5.45% cap rate, reflecting significant upside potential. The asking price is $11,000,000, or $379,310 per unit. The building features a mix of unit sizes, including 4 one-bedroom/one-bathroom units averaging $1,100/month rent, 23 two-bedroom/two-bathroom units averaging $1,595/month rent, and 2 larger units (one 4-bedroom/4-bathroom and one 5-bedroom/5-bathroom) renting for $4,000 and $6,000 per month respectively. Unit sizes range from 525 to 5,227 square feet. All units feature upscale finishes including stainless steel appliances, granite countertops, and original hardwood floors. The building also offers 29 gated parking spaces. Located just blocks from the University of Cincinnati, this property benefits from a strong rental market and the potential for increased rental income. The permitted zoning is Residential/Condos. This is an entity ownership opportunity.
Property Profile Location Intelligence

Current Use by Public Records

Blue Collar Digital Marketing & Advertising The Stratford Apartment Building

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cincinnati
County
Hamilton
State
Ohio
Longitude
-84.5227825
Latitude
39.124592

FAQs

What type of property is this?
Multifamily property - Historic Charm, High ROI Potential
Where is this multifamily property located?
The property is located at 255 Warner St Cincinnati, OH.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Class A, 29-unit apartment building in Cincinnati, OH.; $11,000,000 asking price, $379,310 per unit.; 38,701 net rentable square feet, three stories.
(513) 443-5060 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message