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3825 Eastern Ave 7 Unit Apartment Building $1,701,381 CAD ($243,054 CAD/Unit) 7.12% Cap Rate Cincinnati, OH 45226
Investment Highlights
- New High Efficiency Boiler
- Walkable Neighborhood with Tree Lined streets and local eateries next door
- Roof Sealed 2021
- Highly Desirable Columbia Tusculum Neighborhood
Executive Summary
Rare opportunity to acquire a stabilized, income-producing landmark located at 3825 Eastern Ave in the heart of Cincinnati’s high-demand Columbia-Tusculum corridor. This fully occupied 7-unit brick multifamily asset is comprised of six spacious 2-bedroom units and one 1-bedroom unit, generating a strong gross monthly income of $9,450. The interiors showcase timeless charm with original hardwood floors throughout, while the exterior offers a private retreat for tenants with a dedicated side and rear courtyard. Featuring classic 1905 architectural character and strategic modern updates, the property benefits from the newly implemented CC-M-B zoning, offering enhanced density flexibility and reduced parking requirements for future value-add potential. Located just steps from the eclectic dining at Columbia Square and minutes from Downtown Cincinnati, this asset combines 100% occupancy with the long-term appreciation of one of the city's most walkable and prestigious neighborhoods. New Boiler, Roof Re-Sealed 2021.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$160,915
|
$18.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$160,915
|
$18.39
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$30,650
|
$3.50
|
| Net Operating Income |
$130,264
|
$14.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $160,915 |
| Annual Per SF | $18.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $160,915 |
| Annual Per SF | $18.39 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,650 |
| Annual Per SF | $3.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $130,264 |
| Annual Per SF | $14.89 |
Property Facts
| Price | $1,701,381 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $243,054 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 7.12% | Building Size | 8,751 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1905/2020 |
| Zoning | CC-M-B, Cincinnati - CC-M-B in Cincinnati refers to Commercial Community - Middle Housing - Business District. | ||
| Price | $1,701,381 CAD |
| Price Per Unit | $243,054 CAD |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,751 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1905/2020 |
| Zoning | CC-M-B, Cincinnati - CC-M-B in Cincinnati refers to Commercial Community - Middle Housing - Business District. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Storage Space
- Heating
- Ceiling Fans
- Crown Molding
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Basement
- Built-In Bookshelves
- Den
- Dining Room
- Family Room
- Garden
- Handrails
- Patio
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
- Vintage Building
- Individual Leases Available
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,997 CAD | 1,200 |
| 2+1 | 6 | $1,525 CAD | 1,050 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 027-0006-0065 | Improvements Assessment | $170,209 CAD |
| Land Assessment | $40,508 CAD | Total Assessment | $210,718 CAD |
Property Taxes
Parcel Number
027-0006-0065
Land Assessment
$40,508 CAD
Improvements Assessment
$170,209 CAD
Total Assessment
$210,718 CAD
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3825 Eastern Ave
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