Investment Overview

Marcus & Millichap is pleased to present 3331 Parkcrest, an 11-unit multifamily investment opportunity located at 3331 Parkcrest Lane in Cincinnati, Ohio, within Hamilton County. Constructed in 1966, the all-brick property is located on a quiet residential lane in Cincinnati’s Westwood neighborhood. The asset features an all-studio unit mix consisting of ten approximately 400-square-foot units and one approximately 550-square-foot unit, along with off-street surface parking. 3331 Parkcrest is currently operating at 90.9% occupancy, with 10 of 11 units occupied as of August 10, 2026, and an average in-place rent of approximately $655. Seven residents renewed at $675 between March and May 2026 without any move-outs, while a nearby comparable property is achieving $750, providing a clear path to approximately $95 per unit in monthly rent growth. Eight of the 11 leases expire by May 2027, allowing a new owner to increase rents as leases roll. The property also benefits from a new flat-rubber roof installed in 2026, a gas-fired central boiler replaced in 2025, and walkable access to Kroger, Target, Home Depot, Planet Fitness, and the Glenway Avenue retail corridor. With West Side apartment occupancy of approximately 96.5% and limited competing supply under development, the property is well positioned for stable renter demand and continued income growth.