2346 Boone St
- Complete Gut Renovation - Professional conversion completed 2022-2023
- Tenant-Paid Utilities - Individual electric and gas meters reduce landlord expenses
- Modern Building Systems - New HVAC, security, and building access controls
- Additional Development Potential - Adjacent parking lot included in purchase
- CRA Abatement through 2030
- 100% Occupancy
- Close Proximity to the University of Cincinnati, Downtown Cincinnati and Xavier University
- Walnut Hills Has Seen over $100M+ in Real Estate Development Projects in Recent Years
Property Description
2346 Boone Street is a fully renovated, 100% occupied 14-unit multifamily building in Cincinnati's Walnut Hills submarket. The property underwent a complete gut renovation in 2022–2023, with new HVAC, security, and access control systems installed throughout. Units are individually metered for electric and gas, and the property carries a CRA tax abatement through 2030, holding the assessed value at $324,290 against a $536,650 full assessment. The asset produces $158,520 in NOI, reflecting a 7.21% cap rate at the $2,200,000 asking price.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,200,000 |
| No. of Units: | 14 |
| Year Built: | 1929 |
| Lot Size: | 0.38 Acres |
| Opportunity Zone: | No |
| Price per unit: | $157,143 |
| Property Website | Click Here |
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