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428-430 Elizabeth St 10 Unité Immeuble d’appartements 1 182 596 $ CAD (118 260 $ CAD/Unité) 8,07% Taux de capitalisation Cincinnati, OH 45203
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Faits saillants de l'investissement
- Amazing location downtown, very walkable yet quieter than central downtown.
- The apartments have upside potential to add rental income and additional value to the property.
- Off street parking included and an extra lot currently used as a yard.
Résumé de l'annonce
Historic Italianate brick multi-family located in the vibrant Betts-Longworth District of Cincinnati’s sought-after Over-the-Rhine. This fully leased asset blends classic architectural character with strong in-place income and clear pathways for future value creation.
One unit has been recently updated and stands out with its own private yard—an increasingly rare amenity in this urban setting—positioning it as an ideal owner’s suite or a premium short-term rental opportunity. The remaining units are well-maintained and comfortable in their current condition, allowing for immediate cash flow, while also presenting a strategic value-add component. Thoughtful cosmetic upgrades over time—such as kitchens, baths, and finishes—could support meaningful rent increases and align the property with the strong demand and upward rental trends seen throughout the surrounding neighborhood.
The inclusion of five off-street parking spaces is a significant competitive advantage, enhancing tenant retention and rental desirability in an area where parking is at a premium.Additionally, the sale includes a separate vacant lot, creating a rare and compelling opportunity for expansion or new development (buyer to verify zoning and buildability). Whether utilized for additional residential units, an ancillary structure, or held for future appreciation, this extra parcel introduces a layer of long-term upside that is increasingly difficult to find in this urban core.
With stable occupancy, proven income, and multiple avenues to drive increased revenue—through unit upgrades, optimized rents, or potential ground-up development—this property offers both immediate performance and scalable investment potential in one of Cincinnati’s most dynamic and evolving neighborhoods.
One unit has been recently updated and stands out with its own private yard—an increasingly rare amenity in this urban setting—positioning it as an ideal owner’s suite or a premium short-term rental opportunity. The remaining units are well-maintained and comfortable in their current condition, allowing for immediate cash flow, while also presenting a strategic value-add component. Thoughtful cosmetic upgrades over time—such as kitchens, baths, and finishes—could support meaningful rent increases and align the property with the strong demand and upward rental trends seen throughout the surrounding neighborhood.
The inclusion of five off-street parking spaces is a significant competitive advantage, enhancing tenant retention and rental desirability in an area where parking is at a premium.Additionally, the sale includes a separate vacant lot, creating a rare and compelling opportunity for expansion or new development (buyer to verify zoning and buildability). Whether utilized for additional residential units, an ancillary structure, or held for future appreciation, this extra parcel introduces a layer of long-term upside that is increasingly difficult to find in this urban core.
With stable occupancy, proven income, and multiple avenues to drive increased revenue—through unit upgrades, optimized rents, or potential ground-up development—this property offers both immediate performance and scalable investment potential in one of Cincinnati’s most dynamic and evolving neighborhoods.
Bilan financier (Pro forma - 2026) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
93 996 $
|
21,56 $
|
| Autres revenus |
1 419 $
|
0,33 $
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
95 415 $
|
21,89 $
|
| Taxes |
5 227 $
|
1,20 $
|
| Dépenses d’exploitation |
7 263 $
|
1,67 $
|
| Total des dépenses |
12 490 $
|
2,87 $
|
| Revenu net d’exploitation |
82 925 $
|
19,02 $
|
Bilan financier (Pro forma - 2026)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 93 996 $ |
| Annuel par pi² | 21,56 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | 1 419 $ |
| Annuel par pi² | 0,33 $ |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 95 415 $ |
| Annuel par pi² | 21,89 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 5 227 $ |
| Annuel par pi² | 1,20 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 7 263 $ |
| Annuel par pi² | 1,67 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 12 490 $ |
| Annuel par pi² | 2,87 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 82 925 $ |
| Annuel par pi² | 19,02 $ |
Faits sur la propriété
| Prix | 1 182 596 $ CAD | Classe d’immeuble | C |
| Prix par unité | 118 260 $ CAD | Taille du lot | 0,09 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 359 pi² |
| Taux de capitalisation | 8,07% | Nombre d’étages | 3 |
| Nombre d’unités | 10 | Année de construction | 1875 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 0,92/1 000 pi² |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Style d’appartement | De hauteur moyenne | ||
| Zonage | RM-1.2 | ||
| Prix | 1 182 596 $ CAD |
| Prix par unité | 118 260 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 8,07% |
| Nombre d’unités | 10 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Taille du lot | 0,09 AC |
| Taille du bâtiment | 4 359 pi² |
| Nombre d’étages | 3 |
| Année de construction | 1875 |
| Ratio de stationnement | 0,92/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | RM-1.2 |
Commodités
Commodités des unités
- Climatisation
- Lave-vaisselle
- Chauffage
- Cuisine
- Planchers de bois franc
- Réfrigérateur
- Four
- Cour
Commodités du site
- Salle de bain privée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 1 | 2 407 $ CAD | 826 |
| 1+1 | 2 | 1 809 $ CAD | 725 |
| 2+1 | 3 | 1 913 $ CAD | 826 |
| 1+1 | 4 | 1 704 $ CAD | 611 |
1 1
Moyennement praticable à pied
70/100
Moyennement facile d’accès en voiture
60/100
Bons transports en commun
70/100
Plutôt praticable en vélo
40/100
Impôts fonciers
Impôts fonciers
Numéros de lot
Évaluation du terrain
6 496 $ CAD (2025)
Évaluation des bâtiments
58 001 $ CAD (2025)
Évaluation totale
64 497 $ CAD (2025)
Impôts annuels
5 227 $ CAD (1,20 $ CAD/pi²)
Année d’imposition
2026
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428-430 Elizabeth St
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