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1725 Hastings Ave 9 Unit Apartment Building $678,541 CAD ($75,393 CAD/Unit) 8.64% Cap Rate Cincinnati, OH 45231
Investment Highlights
- 100 % occuoied
- Mount Healthy School System
- 3 car garage behind two doors. Could rent separatley.
- Professional Management included in expenses.
- 9 separate Hot Water Heaters.
- Private Parking Lot.
Executive Summary
9 well-maintained, fully occupied one-bedroom units offering stable income and upside potential. Tenants pay electric, and each unit is equipped with its own individual water heater. The property features a three-car garage with the option for additional rental income, a private parking lot, and dedicated basement storage lockers for each tenant. Current gross income is $74,700, plus Laundry, with clear opportunity to increase rents, and lower expenses. Rents are below market.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$102,398
|
$22.40
|
| Other Income |
$484
|
$0.11
|
| Vacancy Loss |
$5,120
|
$1.12
|
| Effective Gross Income |
$97,762
|
$21.38
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,105
|
$8.55
|
| Net Operating Income |
$58,657
|
$12.83
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $102,398 |
| Annual Per SF | $22.40 |
| Other Income (CAD) | |
|---|---|
| Annual | $484 |
| Annual Per SF | $0.11 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,120 |
| Annual Per SF | $1.12 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $97,762 |
| Annual Per SF | $21.38 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,105 |
| Annual Per SF | $8.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $58,657 |
| Annual Per SF | $12.83 |
Property Facts
| Price | $678,541 CAD | Building Class | C |
| Price Per Unit | $75,393 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,572 SF |
| Cap Rate | 8.64% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 2.84/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family - Multi family | ||
| Price | $678,541 CAD |
| Price Per Unit | $75,393 CAD |
| Sale Type | Investment |
| Cap Rate | 8.64% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,572 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 2.84/1,000 SF |
| Zoning | Multi-Family - Multi family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Storage Space
- Ceiling Fans
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 593-0003-0030 | Improvements Assessment | $130,217 CAD (2025) |
| Land Assessment | $29,794 CAD (2025) | Total Assessment | $160,011 CAD (2025) |
Property Taxes
Parcel Number
593-0003-0030
Land Assessment
$29,794 CAD (2025)
Improvements Assessment
$130,217 CAD (2025)
Total Assessment
$160,011 CAD (2025)
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1725 Hastings Ave
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