100 East McMicken Avenue
- Turn-Key — Construction complete; allowing an investor to begin leasing immediately upon closing
- Strong projected NOI — 2026 stabilized NOI of ~$70,049, growing to over $105,000 by 2029 based on pro forma projections
- Attractive unit structure — 6 units averaging 886 SF each, all 1BD/1BA
- 5% vacancy assumption—Conservative underwriting with gross rents of $94,050 in 2026 growing to $141,139 by 2030
- Historic OTR address — 1885 construction with modern renovation in one of Cincinnati's most walkable, amenity-rich neighborhoods
- Proximity to major corridors — Easy access to I-71/I-75, Downtown Cincinnati, and the broader urban core
- Zoned CC-P-T — Cincinnati's commercial corridor zoning supports mixed-use flexibility
Property Description
100 E McMicken Ave., Cincinnati, OH 45202 is a rare opportunity to acquire a fully renovated, turn-key multifamily asset in the heart of Over-the-Rhine—one of Cincinnati’s most vibrant and walkable neighborhoods. Originally built in 1885 and comprehensively redeveloped, this historic brick property features 6 spacious 1BD/1BA units totaling approximately 5,148 SF. Construction is complete and the property has received its Certificate of Occupancy, allowing a new owner to begin leasing immediately with no development risk. Units average roughly 886 SF and feature modern finishes that appeal to today’s urban renter. The asset also benefits from a 30-year TIF tax abatement through 2032, helping keep annual real estate taxes exceptionally low and supporting stronger day-one cash flow. Positioned near Downtown Cincinnati with convenient access to I-71 and I-75, the property offers residents proximity to major employment centers, entertainment, dining, and neighborhood amenities. Zoned CC-P-T and located within an Opportunity Zone, this is a compelling value-add and long-term hold opportunity in one of the Midwest’s most sought-after urban districts!
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 6 |
| Year Built: | 1885 |
| Lot Size: | 0.05 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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