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1962-1970 Westwood Northern Blvd 40 Unit Apartment Building $4,961,833 CAD ($124,046 CAD/Unit) Cincinnati, OH 45225
Executive Summary
FOR SALE
1964 Westwood Northern | Cincinnati, Ohio
40-Unit Multifamily Community on 8 Acres
Property Overview
• 40-unit apartment building
• 100% occupied
• Established waiting list
• Strong in-place cash flow
• Situated on approximately 9 acres presents incredible future building potential
Location
• Convenient access to Uptown Cincinnati (University area & major hospitals)
• Minutes to Downtown Cincinnati
• Driveway access positioned between three Metro bus stops
• Strong rental demand corridor
Investment Highlights
• Stabilized asset with immediate income
• Proven occupancy history
• Opportunity for rental increases
• Significant excess land provides future development potential
• Rare large-parcel multifamily site within urban core
Value-Add / Upside
• Market rent growth
• Additional density potential (subject to zoning)
• Long-term land appreciation
1964 Westwood Northern | Cincinnati, Ohio
40-Unit Multifamily Community on 8 Acres
Property Overview
• 40-unit apartment building
• 100% occupied
• Established waiting list
• Strong in-place cash flow
• Situated on approximately 9 acres presents incredible future building potential
Location
• Convenient access to Uptown Cincinnati (University area & major hospitals)
• Minutes to Downtown Cincinnati
• Driveway access positioned between three Metro bus stops
• Strong rental demand corridor
Investment Highlights
• Stabilized asset with immediate income
• Proven occupancy history
• Opportunity for rental increases
• Significant excess land provides future development potential
• Rare large-parcel multifamily site within urban core
Value-Add / Upside
• Market rent growth
• Additional density potential (subject to zoning)
• Long-term land appreciation
Property Facts
| Price | $4,961,833 CAD | Building Class | C |
| Price Per Unit | $124,046 CAD | Lot Size | 9.85 AC |
| Sale Type | Investment | Building Size | 60,000 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2025 |
| Property Subtype | Apartment | Parking Ratio | 3.46/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RM-2.0 - Multifamily | ||
| Price | $4,961,833 CAD |
| Price Per Unit | $124,046 CAD |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 9.85 AC |
| Building Size | 60,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2025 |
| Parking Ratio | 3.46/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-2.0 - Multifamily |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 40 | - | 350 - 3,500 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 201-0041-0095 | Improvements Assessment | $263,164 CAD |
| Land Assessment | $104,554 CAD | Total Assessment | $367,718 CAD |
Property Taxes
Parcel Number
201-0041-0095
Land Assessment
$104,554 CAD
Improvements Assessment
$263,164 CAD
Total Assessment
$367,718 CAD
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1962-1970 Westwood Northern Blvd
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