Multifamily
Montana Ave Duo
2457 Montana Ave, Cincinnati, OH 45211
Listing Price: $1,675,000
Investment Overview
Marcus & Millichap is pleased to present 2457 & 2459 Montana Avenue, a well-maintained 21-unit 2-building apartment community located in Cincinnati’s desirable Westwood submarket. Built in 1972 and situated on a combined 0.97 acres, the properties offer approximately 16,200 rentable square feet with a mix of eleven one-bedroom and ten two-bedroom apartments. Current occupancy stands at 95 percent with average effective rents of $1,072 per month. 2457 & 2459 Montana Avenue presents investors with a stabilized, income-producing asset offering multiple avenues for value creation. Upside exists through utility RUBS implementation, garage rental income, and internet service pass-throughs—initiatives that can drive near-term NOI growth.
Montana Ave Duo
Investment Highlights
- Stabilized Cash Flow Opportunity: Currently 95 Percent Occupied with In-Place Rents Averaging $1,072 per Month, Providing Immediate, Reliable Income from Day One
- Value-Add Potential: Additional Upside through RUBS Implementation, Garage rental Income, and Internet Package Reimbursement Programs to Enhance NOI
- Well-Maintained Asset: Newer vinyl Windows, Pitched Shingle Roofs, Updated Interiors, and Well-Maintained Properties create a Low-Maintenance Investment with Minimal Near-Term Capital Needs
- Desirable Westwood Location: Situated in a Well-Kept, Established Neighborhood near I-74, Surrounded by Other Quality Apartment Communities and Steady Rental Demand Supporting Long-Term Growth
Exclusively Listed By
Listing Price: $1,675,000
Investment Highlights
- Stabilized Cash Flow Opportunity: Currently 95 Percent Occupied with In-Place Rents Averaging $1,072 per Month, Providing Immediate, Reliable Income from Day One
- Value-Add Potential: Additional Upside through RUBS Implementation, Garage rental Income, and Internet Package Reimbursement Programs to Enhance NOI
- Well-Maintained Asset: Newer vinyl Windows, Pitched Shingle Roofs, Updated Interiors, and Well-Maintained Properties create a Low-Maintenance Investment with Minimal Near-Term Capital Needs
- Desirable Westwood Location: Situated in a Well-Kept, Established Neighborhood near I-74, Surrounded by Other Quality Apartment Communities and Steady Rental Demand Supporting Long-Term Growth
Investment Overview
Marcus & Millichap is pleased to present 2457 & 2459 Montana Avenue, a well-maintained 21-unit 2-building apartment community located in Cincinnati’s desirable Westwood submarket. Built in 1972 and situated on a combined 0.97 acres, the properties offer approximately 16,200 rentable square feet with a mix of eleven one-bedroom and ten two-bedroom apartments. Current occupancy stands at 95 percent with average effective rents of $1,072 per month. 2457 & 2459 Montana Avenue presents investors with a stabilized, income-producing asset offering multiple avenues for value creation. Upside exists through utility RUBS implementation, garage rental income, and internet service pass-throughs—initiatives that can drive near-term NOI growth.
Exclusively Listed By
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