Skip to main content

Multifamily

Norwood 28

2741 Harris Ave, Cincinnati, OH 45212

Listing Price: Request For Offer

Number of Units
28
Occupancy
96.4%
Gross SF
21,532

Investment Overview

Marcus & Millichap is pleased to present Norwood 28, a 28-unit apartment community in Norwood, Ohio, a prime location within Greater Cincinnati. This well-positioned asset offers investors a value-add opportunity with strong rental upside, situated in a desirable submarket with a limited supply of housing.

With a desirable mix of one-bedroom and two-bedroom units, recent updates to the building, and substantial upside in rent growth, Norwood 28 presents an exciting opportunity for an investor looking to maximize returns through operational efficiencies and strategic renovations.

Investment Highlights

  • Prime location in Norwood, a top Cincinnati submarket for young professionals, near Factory 52, the property benefits from strong economic growth, rising rental demand, and ongoing investment.
  • Value-Add Potential – With rents below market, investors can add value through renovations and efficiencies, leveraging strong demand and rising rental trends for increased revenue potential.
  • Strong Market Fundamentals – The three-mile median income is $65,430, and Cincinnati's apartment market saw a 2.7% rent growth in Q2 2024, ranking among the top ten U.S. apartment markets.

Exclusively Listed By

Multifamily

Norwood 28

Listing Price: Request For Offer

Number of Units
28
Occupancy
96.4%
Gross SF
21,532

Investment Highlights

  • Prime location in Norwood, a top Cincinnati submarket for young professionals, near Factory 52, the property benefits from strong economic growth, rising rental demand, and ongoing investment.
  • Value-Add Potential – With rents below market, investors can add value through renovations and efficiencies, leveraging strong demand and rising rental trends for increased revenue potential.
  • Strong Market Fundamentals – The three-mile median income is $65,430, and Cincinnati's apartment market saw a 2.7% rent growth in Q2 2024, ranking among the top ten U.S. apartment markets.

Investment Overview

Marcus & Millichap is pleased to present Norwood 28, a 28-unit apartment community in Norwood, Ohio, a prime location within Greater Cincinnati. This well-positioned asset offers investors a value-add opportunity with strong rental upside, situated in a desirable submarket with a limited supply of housing. With a desirable mix of one-bedroom and two-bedroom units, recent updates to the building, and substantial upside in rent growth, Norwood 28 presents an exciting opportunity for an investor looking to maximize returns through operational efficiencies and strategic renovations.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower