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6605 Hasler Ln 10 Unit Apartment Building $1,175,789 CAD ($117,579 CAD/Unit) 8.87% Cap Rate Cincinnati, OH 45216
EXECUTIVE SUMMARY
10-unit multifamily investment opportunity located at 6603–6605 Hasler Lane in Cincinnati, Ohio. This well-positioned asset consists of ten one-bedroom apartments across two solid brick buildings. The property sits in a quiet, high-demand rental corridor with easy access to I-75, major employers, and nearby retail. The area continues to see strong rental absorption and consistent tenant demand, making this an excellent addition to any growing investment portfolio.
Recent updates have been completed, allowing the next owner to step into a clean and stable operation. Current gross income is approximately $118,000 annually with projected growth to $126,960 within the next 12 months. Several leases are maturing, creating a natural opportunity to adjust rents to market and implement RUBS (Ratio Utility Billing System) for added income and operational efficiency.
Each unit is separately metered for gas and electric, providing a low-maintenance ownership experience. Tenants enjoy functional floor plans, private entrances, and off-street parking. Deferred maintenance is minimal, with roofs, mechanicals, and structures all in sound condition. Interiors range from modernized units to those with light cosmetic potential, giving investors flexibility to achieve market rent through simple upgrades.
The Hasler Lane property performs well as-is and presents clear upside for investors looking for stable cash flow, appreciation potential, and tax advantages through residential multifamily ownership. Cincinnati continues to rank among the Midwest’s strongest rental markets with low vacancy, strong job growth, and affordable housing demand. This property offers the perfect blend of immediate income and long-term scalability for portfolio builders.
Highlights:
• Ten one-bedroom apartments with consistent occupancy
• Current gross income: $118,000 | Projected 12-month income: $126,960
• Recent updates completed, minimal deferred maintenance
• RUBS system ready for rollout as leases renew
• Separately metered utilities and off-street parking
• Quiet residential location with proximity to I-75 and major employers
• High demand rental market with long-term stability and growth
Represented by Team Jackson Real Estate, powered by Keller Williams Seven Hills Realty. Team Jackson specializes in investment real estate across Greater Cincinnati and Southwest Ohio, helping investors identify, acquire, and optimize multifamily assets. For financials, rent roll, or a private showing, contact Team Jackson or visit teamjackson.kw.com.
Recent updates have been completed, allowing the next owner to step into a clean and stable operation. Current gross income is approximately $118,000 annually with projected growth to $126,960 within the next 12 months. Several leases are maturing, creating a natural opportunity to adjust rents to market and implement RUBS (Ratio Utility Billing System) for added income and operational efficiency.
Each unit is separately metered for gas and electric, providing a low-maintenance ownership experience. Tenants enjoy functional floor plans, private entrances, and off-street parking. Deferred maintenance is minimal, with roofs, mechanicals, and structures all in sound condition. Interiors range from modernized units to those with light cosmetic potential, giving investors flexibility to achieve market rent through simple upgrades.
The Hasler Lane property performs well as-is and presents clear upside for investors looking for stable cash flow, appreciation potential, and tax advantages through residential multifamily ownership. Cincinnati continues to rank among the Midwest’s strongest rental markets with low vacancy, strong job growth, and affordable housing demand. This property offers the perfect blend of immediate income and long-term scalability for portfolio builders.
Highlights:
• Ten one-bedroom apartments with consistent occupancy
• Current gross income: $118,000 | Projected 12-month income: $126,960
• Recent updates completed, minimal deferred maintenance
• RUBS system ready for rollout as leases renew
• Separately metered utilities and off-street parking
• Quiet residential location with proximity to I-75 and major employers
• High demand rental market with long-term stability and growth
Represented by Team Jackson Real Estate, powered by Keller Williams Seven Hills Realty. Team Jackson specializes in investment real estate across Greater Cincinnati and Southwest Ohio, helping investors identify, acquire, and optimize multifamily assets. For financials, rent roll, or a private showing, contact Team Jackson or visit teamjackson.kw.com.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$172,089
|
$39.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,604
|
$1.96
|
| Effective Gross Income |
$163,484
|
$37.16
|
| Taxes |
$9,521
|
$2.16
|
| Operating Expenses |
$59,294
|
$13.48
|
| Total Expenses |
$68,815
|
$15.64
|
| Net Operating Income |
$94,670
|
$21.52
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $172,089 |
| Annual Per SF | $39.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,604 |
| Annual Per SF | $1.96 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $163,484 |
| Annual Per SF | $37.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $9,521 |
| Annual Per SF | $2.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $59,294 |
| Annual Per SF | $13.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,815 |
| Annual Per SF | $15.64 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $94,670 |
| Annual Per SF | $21.52 |
PROPERTY FACTS
| Price | $1,175,789 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $117,579 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 8.87% | Building Size | 4,400 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2025 |
| Zoning | MG - Intended to support a variety of commercial activities that serve the local community. | ||
| Price | $1,175,789 CAD |
| Price Per Unit | $117,579 CAD |
| Sale Type | Investment |
| Cap Rate | 8.87% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2025 |
| Zoning | MG - Intended to support a variety of commercial activities that serve the local community. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $106,681 CAD | |
| Land Assessment | $26,470 CAD | Annual Taxes | $9,521 CAD ($2.16 CAD/SF) |
| Improvements Assessment | $80,211 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$26,470 CAD
Improvements Assessment
$80,211 CAD
Total Assessment
$106,681 CAD
Annual Taxes
$9,521 CAD ($2.16 CAD/SF)
Tax Year
2024
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6605 Hasler Ln
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