Back to search

$769,000

3897 Vine Street, Cincinnati, OH 45217

1.01 acres lot
Residential Income
Built in 1950
1.01 acres
1 day on market
MLS# 1884321

About this home

Rare investor opportunity with this well-maintained and fully occupied 8-unit apartment building in North Avondale! All units feature 1-bedroom and 1-bathroom with an average rent of $985/month and additional rental upside with proforma rents above $1,000/unit/month - easily exceeding the 1% rule. The units feature beautiful hardwood floors throughout and have been meticulously maintained, creating an attractive living environment for tenants while minimizing ongoing capital expenditures. Extensive mechanical and exterior improvements have been completed - including a new hot water heater (2025), newly paved driveway (2024), high-efficiency Phantom boiler (2020), new roof and gutters (2017), and replacement windows installed throughout the last 10 years. Additional income potential is provided by four attached 2-car garages offering enclosed parking for up to eight vehicles as well as coin-operated laundry machines in the basement which generate $1,000/year.

Facts & features

Property

Property Type
Residential Income
Year Built
1950
Lot Size
1.01 acres

Listing details

Price
$769,000
Status
Canceled
Days on Market
1
MLS Number
1884321
Listing Agent
Bret Halsey
Brokerage
Ellsbury Commercial Group

Features

Style
Apartment
Basement
Full
Heating
Natural Gas, Radiant
Cooling
Window Unit(s)
Roof
Membrane
Sewer
Public Sewer
Water
Public

Location

Request a tour

Similar homes

Request a tour
Scroll to Top