1 / 29
$647,000 Sold
2134 Ross Avenue, Norwood, OH 45212
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
Norwood, OH 45212
Request a tour
Similar homes
$525,000
3 bds|3 ba|2,676 sqft - Closed
1933 Delaware Avenue, Norwood, OH 45212
Coldwell Banker Realty
Pending
$530,000
8 bds|4,328 sqft - Pending
2122 Slane Avenue, Norwood, OH 45212
Real of Ohio
Closed
$535,000
5 bds|3,724 sqft - Closed
2323 Adams Avenue, Norwood, OH 45212
Comey & Shepherd
Canceled
$599,000
5 bds|4,824 sqft - Canceled
2604 Harris Avenue, Norwood, OH 45212
Coldwell Banker Realty