Dana Heights — Sale in Cincinnati, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cincinnati, OH 45229

Description

Marcus & Millichap is pleased to present Dana Heights, a 26-unit multifamily investment opportunity located at 1005-1007 Dana Heights Avenue in Cincinnati, Ohio within the North Avondale submarket. The property consists of two three-story buildings situated across two parcels and offers approximately 13,875 rentable square feet. Originally constructed in 1880 and 1963, the asset features a predominantly one-bedroom unit mix with efficient layouts and strong renter appeal in a proven infill location. Dana Heights is currently operating at over 90 percent occupancy with average effective rents around $922, providing stable in-place income with a clear path for continued rent growth. The property has benefited from significant capital improvements in recent years, including new windows, updated electrical systems, and roof replacement on one of the buildings, positioning a new owner to focus on operational efficiencies and remaining interior upside. The asset is located directly across from Xavier University and within close proximity to major employment drivers including Cincinnati Children’s Hospital, the University of Cincinnati, and Downtown Cincinnati, supporting consistent demand and long-term rent growth potential. Investment Highlights: • Significant Capital Improvements Completed Including Windows, Electrical Panels, and Recent Roof Replacement, Reducing Near-Term Capital Needs • Walkable Location Directly Across from Xavier University, Supporting Consistent Tenant Demand and Occupancy

Market Context

This multifamily in Cincinnati, OH is listed for sale. It has been on the market for 87 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.

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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