Multifamily
562 Glenwood
562 Glenwood Ave, Cincinnati, OH 45229
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is pleased to present 562 Glenwood, a 21 unit apartment building in the Avondale Submarket of Cincinnati. The asset is 90% occupied as of 3/18/2025 and has 21,350 rentable square feet sitting on .56 acres. 562 Glenwood offers incoming investors to add value through interior renovations in a strong rental submarket in the Cincinnati MSA.
562 Glenwood
Investment Highlights
- Value Add Renovation Opportunity: 1&2 Bedroom rents are $100 & $150+ below market competitors in the area.
- Favorable Unit Layout: 15 of the 21 units are 2&3 bedroom layouts. All unit layouts are larger than the market average. 1 beds = 800 SF, 2 beds = 1,100 SF, 3 beds = 1,150 SF
- Mechanical Upgrades: Ownership has upgraded the electrical boxes over the last 5 years. Additionally, the units have individual HVAC , not a boiler, which is not typical for 1928 construction.
Exclusively Listed By
Investment Highlights
- Value Add Renovation Opportunity: 1&2 Bedroom rents are $100 & $150+ below market competitors in the area.
- Favorable Unit Layout: 15 of the 21 units are 2&3 bedroom layouts. All unit layouts are larger than the market average. 1 beds = 800 SF, 2 beds = 1,100 SF, 3 beds = 1,150 SF
- Mechanical Upgrades: Ownership has upgraded the electrical boxes over the last 5 years. Additionally, the units have individual HVAC , not a boiler, which is not typical for 1928 construction.
Investment Overview
Marcus and Millichap is pleased to present 562 Glenwood, a 21 unit apartment building in the Avondale Submarket of Cincinnati. The asset is 90% occupied as of 3/18/2025 and has 21,350 rentable square feet sitting on .56 acres. 562 Glenwood offers incoming investors to add value through interior renovations in a strong rental submarket in the Cincinnati MSA.
Exclusively Listed By
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