Map of Property

Twin Terrace Apartments - 22 Units

For Sale

5276 Montgomery Road, Cincinnati, OH 45212

This Cincinnati property for sale is located at 5276 Montgomery Road. The current listed sale price for Twin Terrace Apartments - 22 Units is $1,300,000. Twin Terrace Apartments - 22 Units is situated on a lot that is 0.33 acre in size.

Contacts

broker

Tryfon Christoforou

3CRE Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 14,549 SF
  • Units 22
  • Lot Size 0.33 Acre
  • Additional Rent Contact for pricing
  • Date Updated Sep 24, 2024
Strategically positioned on Montgomery Road near a bustling retail corridor, the property benefits from high visibility and traffic, with easy access to Interstate 71 and Ohio 562. The Norwood submarket is experiencing significant urban development and community revitalization, with new residential, dining, and retail spaces enhancing the area's quality of life.3CRE is excited to introduce a multifamily opportunity at 5276-5282 Montgomery Road, Cincinnati, OH 45212. This premier property features 22 one-bedroom, one-bathroom units, reflecting strong demand and maintaining consistent occupancy rates. Over the years, it has undergone significant improvements, including enhanced security, partial unit rehabilitation, and improved common areas. Approved for Section 8 housing, it offers a broad appeal. Strategically positioned on Montgomery Road near a bustling retail corridor, the property benefits from high visibility and traffic, with easy access to Interstate 71 and Ohio 562. The Norwood submarket is experiencing significant urban development and community revitalization, with new residential, dining, and retail spaces enhancing the area's quality of life. Financially, the property is listed at $1,300,000 with a cap rate of 7.07% and a gross scheduled income of $196,536, making it a prime investment in a growing community. 3CRE is proud to present this property as an excellent opportunity for new ownership to increase rental income through potential rent adjustments and the implementation of an efficient Ratio Utility Billing System (RUBS).

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Attachments

Getting around

  • 69/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 38/100

    Bike Score ®

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Location

  • City Cincinnati, OH
  • Neighborhood Norwood
  • Zip Code 45212
  • Market Cincinnati

Points of Interest

  • Findlay Market–Race

    5.37 miles

  • Brewery District

    5.37 miles

  • Findlay Market–Elm

    5.46 miles

  • Liberty & Race

    5.49 miles

  • Hanke Exchange

    5.49 miles

  • Liberty & Elm

    5.54 miles

  • Court & Main

    5.55 miles

  • 12th & Vine

    5.61 miles

  • 8th & Main

    5.64 miles

  • Central Parkway

    5.65 miles

  • UDF Fuel

    0.41 miles

  • BP

    0.51 miles

  • Speedway

    1.00 miles

  • Shell

    1.20 miles

  • Tesla Supercharger

    1.23 miles

  • United Dairy Farmers

    1.29 miles

  • Kroger

    1.39 miles

  • Marathon

    1.44 miles

  • Daniels Street Fast Charger

    4.36 miles

  • Clifton Court Garage Charging Station

    4.51 miles

  • Cincinnati Police Department District 4

    1.62 miles

  • Cintas Center East Parking Area

    1.81 miles

  • Lot 2

    2.07 miles

  • Lot 1

    2.08 miles

  • Central Parking

    2.08 miles

  • Church/school Parking

    2.22 miles

  • Church of the Redeemer

    2.26 miles

  • Mt. Lookout Animal Hospital Parking

    2.94 miles

  • Funeral Home Parking

    2.96 miles

  • Mount Lookout Square

    3.00 miles

  • Homewood Suites

    1.23 miles

  • Quality Inn & Suites

    1.24 miles

  • Gateway Lodge Motel

    1.35 miles

  • Courtyard Cincinnati Midtown/Rookwood

    1.43 miles

  • Residence Inn Cincinnati Midtown/Rookwood

    1.45 miles

  • Days Inn

    1.50 miles

  • Hilton Garden Inn Midtown

    1.92 miles

  • Holiday Inn Express & Suites Cincinnati NE - Redbank Road

    2.51 miles

  • Comfort Inn & Suites

    3.27 miles

  • Graduate by Hilton Cincinnati

    3.97 miles

  • Kroger

    0.92 miles

  • ALDI

    1.05 miles

  • Meijer

    1.21 miles

  • Target

    1.30 miles

  • Freshmarket

    1.46 miles

  • Whole Foods Market

    1.71 miles

  • Kroger Hyde Park

    2.01 miles

  • Kohl's

    2.03 miles

  • Walmart Supercenter

    2.83 miles

  • IGA

    3.62 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Tryfon Christoforou

3CRE Advisors