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2244 Salvador St
Cincinnati, OH 45230
Gated 9-Unit Apartment Community · Multifamily Property For Sale
·
9 Units
Executive Summary
2244 Salvador Street is a 9-unit turnkey multifamily property offered at an 8.5% cap rate, located in Cincinnati's established Mt. Washington neighborhood. The property features eight one-bedroom apartments and one studio, with one current vacancy. At 100% occupancy, monthly rents total $8,864, with RUBS implemented and charged back to tenants, reducing owner utility cost.
Each unit is equipped with PTAC heating and cooling systems, with electric paid directly by tenants, keeping operational costs lean. The building features secure gated access and nine on-site parking spaces, amenities that support tenant retention and occupancy.
Situated near retail, dining, and major commuter routes, 2244 Salvador Street benefits from Mt. Washington's strong rental demand and historically low vacancy. This opportunity offers investors a stabilized asset in one of Cincinnati's most consistent East Side submarkets.
Each unit is equipped with PTAC heating and cooling systems, with electric paid directly by tenants, keeping operational costs lean. The building features secure gated access and nine on-site parking spaces, amenities that support tenant retention and occupancy.
Situated near retail, dining, and major commuter routes, 2244 Salvador Street benefits from Mt. Washington's strong rental demand and historically low vacancy. This opportunity offers investors a stabilized asset in one of Cincinnati's most consistent East Side submarkets.
Property Facts Under Contract
| Price Per Unit | $126,630 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 8.50% | Building Size | 4,274 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Zoning | RM 1.2 - Designed for multi-family housing, such as apartments, townhouses, and sometimes duplexes, allowing higher density than single-family zones. | ||
| Price Per Unit | $126,630 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,274 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | RM 1.2 - Designed for multi-family housing, such as apartments, townhouses, and sometimes duplexes, allowing higher density than single-family zones. |
Property Taxes
| Parcel Number | 001-0002-0149 | Improvements Assessment | $122,005 CAD |
| Land Assessment | $26,592 CAD | Total Assessment | $148,597 CAD |
Property Taxes
Parcel Number
001-0002-0149
Land Assessment
$26,592 CAD
Improvements Assessment
$122,005 CAD
Total Assessment
$148,597 CAD
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