1610 Queen city Ave — Sale in Cincinnati, OH

  • Price: $575K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cincinnati, OH 45214
  • Size: 4,924 SF
  • Year built: 1900

Investment Figures

Cap rate
9.08%
Price per square foot
$117
Price per unit
$95,833 across 6 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1610 Queen City Ave offers investors the rare combination of in-place income and immediate value-add opportunity. The property is 83% occupied with stable tenants and a proven rent ceiling of $1,500/month. Additional upside is achieved through the lease-up of a 3-bedroom unit and rent increases, driving projected income to $80,000+ annually. The asset is located in a high-demand rental corridor with excellent access to I-75 and downtown Cincinnati. Ideal for investors looking to execute a straightforward value-add strategy with measurable upside. Building SF: 4924 | Land Size: 0.05 Ac | Year Built: 1900 | Listing Type: FOR SALE

Market Context

This multifamily in Cincinnati, OH is listed for sale at $575,000 across 4,924 SF. It is offered at an approximate 9.1% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1900. It has been on the market for 70 days. Compare it against other multifamily listings for sale in Cincinnati, OH — view the full market.

As of Q1 2026, the Cincinnati multifamily market showed rents up 4.7% year over year, and cap rates around 7.4%. Source: multiple brokerage reports, Q1 2026.

Its 9.1% asking cap rate is above the Cincinnati multifamily market average of about 7.4%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Cincinnati?
About 7.4% as of Q1 2026, per multiple brokerage reports.

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