Property profile

2143 Central Ave Cincinnati, OH 45214

OFF-MARKET
Investment properties
Property ID
US66-0606840
5,290 SF 0.08 ac lot Built 1845
Entity Owned 18-yr Hold
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Property summary

AI-generated overview

This exceptional investment opportunity presents a three-unit apartment building situated at 2143 Central Avenue in Cincinnati, Ohio's vibrant West End neighborhood. Boasting 5,290 square feet on a 3,441 square foot lot, this property offers significant potential for various development scenarios. Currently configured as a three-family dwelling, the building's substantial size allows for creative redevelopment options, including a large commercial storefront with apartments above, a single-family conversion, or the construction of entirely new apartment units. The property, built in 1845, requires a complete renovation, presenting a blank canvas for a discerning investor. Located just two miles north of Downtown Cincinnati, this prime location benefits from the area's anticipated $1 billion in new development, ensuring strong future growth and high demand. The property is zoned MG and features three stories. Each unit is priced at $75,000, with a total asking price of $225,000. The property's APN is 132-0001-0142-00. This is a rare chance to capitalize on the West End's revitalization and create a lucrative return on investment. The property's size and location make it an ideal candidate for significant value appreciation. Don't miss this chance to acquire a substantial property in a rapidly developing area.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1845
Total area 5,290 SF
Lot 0.08 ac (3,441 SF)
APN 132-0001-0142-00
UPID US66-0606840

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2143 Central Ave Cincinnati, OH 45214-1901
Cincinnati metro Census 26900 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2008
6 recorded transactions
2019
Price N/A
2008
Price N/A
2006
Price N/A
2005
Price N/A
2005
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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