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$647,000 Sold

2134 Ross Avenue, Norwood, OH 45212

0.14 acres lot
Residential Income
Built in 1955
0.14 acres
69 days on market
MLS# 1864889

About this home

Excellent multifamily investment opportunity in Norwood! This professionally managed, fully occupied 8-unit apartment building is located in a high-demand rental market and offers stable in-place income. The property generates $7,115 in gross monthly rental income, exceeding the commonly referenced 1% rule, making it an attractive option for investors focused on cash flow. Most units have been updated with a modern look, appealing to today's renters and supporting strong occupancy. The property features on-site laundry providing additional income, and tenants pay their own gas and electric, helping keep operating expenses low. The building also benefits from a membrane roof that was replaced in 2019, along with various capital improvements over time, including updates to select water heaters and furnaces. Conveniently located near major employers, shopping, dining, and transportation, this well-maintained asset presents a solid opportunity for investors.

Facts & features

Property

Property Type
Residential Income
Year Built
1955
Lot Size
0.14 acres

Listing details

Price
$647,000
Status
Sold
Days on Market
69
MLS Number
1864889
Listing Agent
Shelby Kring
Brokerage
Agora Realty Group

Features

Style
Apartment
Basement
Full
Heating
Natural Gas, Forced Air
Roof
Membrane
Sewer
Public Sewer
Water
Public

Location

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