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2240 Norwood Ave
Cincinnati, OH 45212 Norwood

$1,525,000 USD

Apartments For Sale  •  12,438 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,438 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1926
  • Cap Rate 10.30 %
  • Zoning GBD
45 Transit Score
68 Walk Score

Highlights

Excellent central location
Solid masonry construction.
Refinished hardwood floors and tile bathrooms.
Seperate utilities. Tenants pay all utilities including heat, water, sewage, garbage, house gas, and electric.
Instant hot water system.

Financial Summary (Proforma)

Net Operating Income: $157,036 USD (2025)
Cap Rate: 10.30 %
Total Expenses: $42,989 USD

Amenities

  • Laundry Facilities
  • Storage Space
  • Heating
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Basement
  • Double Pane Windows
  • Instant Hot Water
  • Smoke Free

Public Transportation

Commuter RailDriveWalkDistance
Cincinnati Union Terminal (Cardinal - Amtrak) 16 min - 9.6 mi
AirportDriveWalkDistance
Cincinnati/Northern Kentucky International 39 min - 22.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
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