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Romaine & Rutland 2 Multifamily Properties in Cincinnati, OH
Investment Highlights
- Rent Growth: the properties demonstrate strong renter demand with clear potential for rent growth due to high average occupancy.
- Increase Other Income: Adding monthly pet fees, parking fees, & expanding other income streams through application, lease termination, & damage fees.
- Value Add: Vacant 4th floor in both buildings, with ability to potentially add more units or amenities.
- Utility Reimbursement: This was implemented in August, 2025. Expected monthly income is $2,480 or $29,750 annually.
- Cable & Internet Contract: Implement a cable and internet program, creating a revenue spread above the monthly service expense.
Executive Summary
Colliers is pleased to present a unique opportunity to acquire Romaine & Rutland, a 22-Unit multifamily investment, strategically located in the heart of Clifton Gaslight District. This is a market rate property and not a student housing property.
Romaine & Rutland provide a balanced mix of stability and upside through operational efficiencies and rental rate adjustments. The buildings benefit from strong submarket fundamentals, diverse tenant bases, and excellent regional connectivity, making it an attractive investment in the resilient Greater Cincinnati multifamily market.
Romaine & Rutland provide a balanced mix of stability and upside through operational efficiencies and rental rate adjustments. The buildings benefit from strong submarket fundamentals, diverse tenant bases, and excellent regional connectivity, making it an attractive investment in the resilient Greater Cincinnati multifamily market.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 38,431 SF |
| Number of Properties | 2 | Total Land Area | 0.90 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 38,431 SF |
| Total Land Area | 0.90 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Middleton Apartments
3421 Middleton Ave, Cincinnati, OH 45220 |
Multifamily | 24,408 SF | 1905 | - |
|
358 Shiloh
358 Shiloh St, Cincinnati, OH 45220 |
Multifamily | 14,023 SF | 1930 | - |
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Romaine & Rutland
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