1610 Queen City Ave, Cincinnati, OH for sale

Investment Overview

1610 Queen City Ave is a 6-unit multifamily investment opportunity offering strong in-place cash flow with a clear path to increased income and forced appreciation. The property is currently 83% occupied with five income-producing units, including a top-performing unit achieving $1,500 per month, validating the asset’s rental upside. The investment presents a compelling value-add opportunity through the activation of an additional 3-bedroom unit and strategic rent increases on under-market units. Upon stabilization, the property is projected to generate over $80,000 in annual gross income, significantly enhancing overall returns. Located along the highly trafficked Queen City Avenue corridor, the property benefits from strong connectivity to I-75 and downtown Cincinnati, positioning it within a dense workforce housing market with consistent rental demand. This is an ideal opportunity for investors seeking a manageable multifamily asset with both immediate cash flow and meaningful upside through operational improvements.

Investment Highlights

• Value-add 6-unit multifamily opportunity
• 83% occupied with strong in-place cash flow
• Proven rent of $1,500/month within property
• Additional 3BR unit offers ~$1,400/month upside
• ~$240K potential value creation
• Below-market rents with immediate upside
• Located on major corridor (Queen City Ave)
• Easy access to I-75 and Downtown Cincinnati
• Workforce housing with consistent demand
• Small, manageable asset for investors