1610 Queen City Ave
- Value-add 6-unit multifamily opportunity
- 83% occupied with strong in-place cash flow
- Proven rent of $1,500/month within property
- Additional 3BR unit offers ~$1,400/month upside
- ~$240K potential value creation
- Below-market rents with immediate upside
- Located on major corridor (Queen City Ave)
- Easy access to I-75 and Downtown Cincinnati
- Workforce housing with consistent demand
- Small, manageable asset for investors
Property Description
1610 Queen City Ave is a 6-unit multifamily investment opportunity offering strong in-place cash flow with a clear path to increased income and forced appreciation. The property is currently 83% occupied with five income-producing units, including a top-performing unit achieving $1,500 per month, validating the asset’s rental upside. The investment presents a compelling value-add opportunity through the activation of an additional 3-bedroom unit and strategic rent increases on under-market units. Upon stabilization, the property is projected to generate over $80,000 in annual gross income, significantly enhancing overall returns. Located along the highly trafficked Queen City Avenue corridor, the property benefits from strong connectivity to I-75 and downtown Cincinnati, positioning it within a dense workforce housing market with consistent rental demand. This is an ideal opportunity for investors seeking a manageable multifamily asset with both immediate cash flow and meaningful upside through operational improvements.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $575,000 |
| No. of Units: | 6 |
| Average Occupancy: | 9.08 |
| Year Built: | 1900 |
| Lot Size: | 0.05 Acres |
| Opportunity Zone: | No |
| Price per unit: | $95,833 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout