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2679 Montana Ave
Cincinnati, OH 45211
Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Stabilized Cash Flow Opportunity: 82% occupied with select units held for showings; strong trailing performance with low historical vacancy
- Well-Maintained Asset: Newer vinyl windows, shingle roofs, and updated interiors create a low-maintenance property with minimal capital needs
- Value-Add Potential: Upside through RUBS implementation and internet reimbursement programs to increase NOI and strengthen overall property returns.
- Desirable Westwood Location: Located in a well-kept neighborhood near I-74, surrounded by quality apartments and steady rental demand
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 2679 Montana Avenue, a well-maintained 11-unit apartment community located in Cincinnati’s desirable Westwood submarket. Built in 1971 and situated on 0.49 acres, the property offers approximately 9,350 rentable square feet with eleven two-bedroom apartments. Current occupancy stands at 82 percent, with average effective rents of $1,157 per month. 2679 Montana Avenue provides investors with a stabilized, income-producing asset offering multiple avenues for value creation, with upside through utility RUBS implementation and internet service pass-throughs—initiatives that can drive near-term NOI growth while maintaining operational simplicity and strong tenant appeal.
This can be purchased with 2457 and 2459 Montana Ave - a 10-unit and 11-unit one half mile down the road.
Deal vault link with OM, RR and financials: https://www.marcusmillichap.com/properties/193023/2679-montana-ave
This can be purchased with 2457 and 2459 Montana Ave - a 10-unit and 11-unit one half mile down the road.
Deal vault link with OM, RR and financials: https://www.marcusmillichap.com/properties/193023/2679-montana-ave
PROPERTY FACTS
| Price Per Unit | $130,074 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| No. Units | 11 | Building Size | 11,085 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Low-Rise | Parking Ratio | 1.98/1,000 SF |
| Zoning | SF-6 | ||
| Price Per Unit | $130,074 CAD |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 11,085 SF |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | SF-6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | $1,675 CAD | 850 |
PROPERTY TAXES
| Parcel Number | 209-0002-0010 | Improvements Assessment | $174,787 CAD |
| Land Assessment | $41,382 CAD | Total Assessment | $216,169 CAD |
PROPERTY TAXES
Parcel Number
209-0002-0010
Land Assessment
$41,382 CAD
Improvements Assessment
$174,787 CAD
Total Assessment
$216,169 CAD
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