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Multifamily

Queen Siena Apartments

2749 Queen City Ave, Cincinnati, OH 45238

Listing Price: $1,320,000

Cap Rate
6.50%
Number of Units
24
GRM
5.20
Price/Unit
$55,000
Price/Gross SF
$84.62
Gross SF
15,600

Investment Overview

Marcus & Millichap is pleased to present Queen Siena, a 24-unit apartment complex located in the Westwood submarket in Cincinnati, Ohio. The community consists of 24 one-bedroom, one-bathroom apartment units. The asset is 96 percent occupied as of 3/1/25 and has 15,600 rentable square feet on a total of 0.63 acres. Queen Siena offers incoming investors the opportunity to capitalize on a well-maintained, stabilized asset in a strong rental submarket in the Cincinnati MSA.

Investment Highlights

  • Well-Maintained Asset – Since 2019 all units have been renovated, both boiler systems replaced, one new roof installed, replaced one hot water heater, parking lot sealed, among numerous other updates
  • Stabilized Asset – Queen Siena is currently achieving $880 on average for its one-bedroom leases and is over 95% occupied as of 3/1/25
  • Desirable Submarket – Westwood is a desirable submarket in the Cincinnati MSA. It is less than fifteen minutes from downtown Cincinnati and has been one of the leaders in rental growth at 4.4 % y-o-y

Exclusively Listed By

Multifamily

Queen Siena Apartments

Listing Price: $1,320,000

Cap Rate
6.50%
Number of Units
24
GRM
5.20
Price/Unit
$55,000
Price/Gross SF
$84.62
Gross SF
15,600

Investment Highlights

  • Well-Maintained Asset – Since 2019 all units have been renovated, both boiler systems replaced, one new roof installed, replaced one hot water heater, parking lot sealed, among numerous other updates
  • Stabilized Asset – Queen Siena is currently achieving $880 on average for its one-bedroom leases and is over 95% occupied as of 3/1/25
  • Desirable Submarket – Westwood is a desirable submarket in the Cincinnati MSA. It is less than fifteen minutes from downtown Cincinnati and has been one of the leaders in rental growth at 4.4 % y-o-y

Investment Overview

Marcus & Millichap is pleased to present Queen Siena, a 24-unit apartment complex located in the Westwood submarket in Cincinnati, Ohio. The community consists of 24 one-bedroom, one-bathroom apartment units. The asset is 96 percent occupied as of 3/1/25 and has 15,600 rentable square feet on a total of 0.63 acres. Queen Siena offers incoming investors the opportunity to capitalize on a well-maintained, stabilized asset in a strong rental submarket in the Cincinnati MSA.

Exclusively Listed By

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