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428-430 Elizabeth St Immeuble residentiel 4 lots 679 070 € (169 768 €/Lot) Taux de capitalisation 7,33 % Cincinnati, OH 45203
Certaines informations ont été traduites automatiquement.
Informations principales sur 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 analytique
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 | Annuel par m² |
|---|---|---|
| Revenu de location brut |
59 197 €
|
146,18 €
|
| Autres revenus |
894 €
|
2,21 €
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
60 091 €
|
148,39 €
|
| Taxes |
3 883 €
|
9,59 €
|
| Frais d’exploitation |
4 574 €
|
11,29 €
|
| Total des frais |
8 457 €
|
20,88 €
|
| Résultat net d’exploitation |
51 634 €
|
127,50 €
|
Bilan financier (Pro forma - 2026)
| Revenu de location brut | |
|---|---|
| Annuel | 59 197 € |
| Annuel par m² | 146,18 € |
| Autres revenus | |
|---|---|
| Annuel | 894 € |
| Annuel par m² | 2,21 € |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | 60 091 € |
| Annuel par m² | 148,39 € |
| Taxes | |
|---|---|
| Annuel | 3 883 € |
| Annuel par m² | 9,59 € |
| Frais d’exploitation | |
|---|---|
| Annuel | 4 574 € |
| Annuel par m² | 11,29 € |
| Total des frais | |
|---|---|
| Annuel | 8 457 € |
| Annuel par m² | 20,88 € |
| Résultat net d’exploitation | |
|---|---|
| Annuel | 51 634 € |
| Annuel par m² | 127,50 € |
Informations sur l’immeuble
| Prix | 679 070 € | Classe d’immeuble | C |
| Prix par lot | 169 768 € | Surface du lot | 0,04 ha |
| Type de vente | Investissement | Surface de l’immeuble | 405 m² |
| Taux de capitalisation | 7,33 % | Nb d’étages | 3 |
| Nb de lots | 4 | Année de construction | 1875 |
| Type de bien | Immeuble residentiel | Ratio de stationnement | 0,09/1 000 m² |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Style d’appartement | De hauteur moyenne | ||
| Zonage | RM-1.2 | ||
| Prix | 679 070 € |
| Prix par lot | 169 768 € |
| Type de vente | Investissement |
| Taux de capitalisation | 7,33 % |
| Nb de lots | 4 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,04 ha |
| Surface de l’immeuble | 405 m² |
| Nb d’étages | 3 |
| Année de construction | 1875 |
| Ratio de stationnement | 0,09/1 000 m² |
| Zone de développement économique [USA] |
Oui |
| Zonage | RM-1.2 |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Lave-vaisselle
- Chauffage
- Cuisine
- Planchers en bois
- Réfrigérateur
- Four
- Cour
Caractéristiques du site
- Salle de bain privée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 3 | 2 485 € | 57 - 77 |
| 2+1 | 1 | 1 205 € | 77 |
1 1
Moyennement praticable à pied
70/100
Moyennement adapté aux voitures
60/100
Bons transports en commun
70/100
Plutôt praticable en vélo
40/100
Taxes foncières
| N° de parcelle | Évaluation totale | 40 620 € (2025) | |
| Évaluation du terrain | 4 091 € (2025) | Impôts annuels | 3 883 € (9,59 €/m²) |
| Évaluation des aménagements | 36 529 € (2025) | Année d’imposition | 2026 |
Taxes foncières
N° de parcelle
Évaluation du terrain
4 091 € (2025)
Évaluation des aménagements
36 529 € (2025)
Évaluation totale
40 620 € (2025)
Impôts annuels
3 883 € (9,59 €/m²)
Année d’imposition
2026
1 sur 86
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
428-430 Elizabeth St
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