Multifamily
4539 Montgomery
4539 Montgomery Rd, Cincinnati, OH 45212
Listing Price: $800,000
Investment Overview
Marcus & Millichap is pleased to present 4539 Montgomery, a six-unit mixed-use investment opportunity located in the heart of Norwood along the Montgomery Road corridor. The property features four recently renovated apartments and two street-level retail spaces totaling approximately 7,700 rentable square feet. Both retail spaces are currently vacant, providing flexibility for an owner-user or new tenant lease-up strategy. Significant system upgrades have been completed, including a newer roof, full renovation of all residential units, and individual utility metering, creating a clear path to stabilization and value creation.
4539 Montgomery is positioned within the City of Norwood’s $4.6 million Montgomery Road Redevelopment Corridor and just two minutes from the $100 million Factory 52 mixed-use development — both of which are catalyzing continued investment and tenant demand in the area.
4539 Montgomery
Investment Highlights
- Renovated Mixed-Use Asset: Four fully renovated residential units and two street-level retail spaces totaling approximately 7,700 rentable square feet.
- Retail Lease-Up Opportunity: Both retail spaces are currently vacant, providing flexibility for an owner-user or investor to secure new tenants and enhance income.
- Upgraded Building Systems: Residential units feature newer HVAC systems and updated electrical wiring, along with a roof replaced within the past five years.
- Prime Location in Active Redevelopment Zone: Located within Norwood's $4.6 million Montgomery Road Redevelopment Corridor and surrounded by new private and public investment.
- Proximity to Major Economic Drivers: Two minutes from the $100 million Factory 52 mixed-use redevelopment, contributing to strong neighborhood revitalization and tenant demand.
Exclusively Listed By
Listing Price: $800,000
Investment Highlights
- Renovated Mixed-Use Asset: Four fully renovated residential units and two street-level retail spaces totaling approximately 7,700 rentable square feet.
- Retail Lease-Up Opportunity: Both retail spaces are currently vacant, providing flexibility for an owner-user or investor to secure new tenants and enhance income.
- Upgraded Building Systems: Residential units feature newer HVAC systems and updated electrical wiring, along with a roof replaced within the past five years.
- Prime Location in Active Redevelopment Zone: Located within Norwood's $4.6 million Montgomery Road Redevelopment Corridor and surrounded by new private and public investment.
- Proximity to Major Economic Drivers: Two minutes from the $100 million Factory 52 mixed-use redevelopment, contributing to strong neighborhood revitalization and tenant demand.
Investment Overview
Marcus & Millichap is pleased to present 4539 Montgomery, a six-unit mixed-use investment opportunity located in the heart of Norwood along the Montgomery Road corridor. The property features four recently renovated apartments and two street-level retail spaces totaling approximately 7,700 rentable square feet. Both retail spaces are currently vacant, providing flexibility for an owner-user or new tenant lease-up strategy. Significant system upgrades have been completed, including a newer roof, full renovation of all residential units, and individual utility metering, creating a clear path to stabilization and value creation. 4539 Montgomery is positioned within the City of Norwood’s $4.6 million Montgomery Road Redevelopment Corridor and just two minutes from the $100 million Factory 52 mixed-use development — both of which are catalyzing continued investment and tenant demand in the area.
Exclusively Listed By
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