Elberon Portfolio - 74 Units For Sale 800-808 Elberon Ave 74 Unit Apartment Building $6,985,521 CAD ($94,399 CAD/Unit) 7.16% Cap Rate Cincinnati, OH 45205

3CRE proudly offers the Elberon Portfolio, a 74-unit multifamily community in East Price Hill. The property consists predominantly of one-bedroom apartments, including 72 one-bedroom units, along with one studio and one two-bedroom unit, providing an efficient layout that appeals to a wide range of renters. The asset has undergone nearly $1 million in recent capital improvements, with major upgrades to roofing, electrical systems, mechanicals, and both interior and exterior finishes. The owner also benefits from laundry income. These investments help minimize near-term capital needs and support stable ongoing operations. The portfolio also presents a strong value-add opportunity, with identifiable loss-to-lease upside and potential for rent growth through continued unit renovations and enhanced management practices.
Located in the established junction of East Price Hill and the Incline District, the Elberon Portfolio offers residents convenient access to downtown Cincinnati, major employment centers, and key transportation corridors. The area continues to see steady demand driven by its proximity to urban amenities, retail, and dining options, while maintaining a neighborhood-oriented feel. This combination of accessibility and affordability supports strong occupancy trends and provides investors with the opportunity to capitalize on both stable in-place income and future rent growth within a proven submarket.