1610 Queen city Ave

Investment Overview

1610 Queen City Ave offers investors the rare combination of in-place income and immediate value-add opportunity. The property is 83% occupied with stable tenants and a proven rent ceiling of $1,500/month.

Additional upside is achieved through the lease-up of a 3-bedroom unit and rent increases, driving projected income to $80,000+ annually. The asset is located in a high-demand rental corridor with excellent access to I-75 and downtown Cincinnati. Ideal for investors looking to execute a straightforward value-add strategy with measurable upside.

Area Overview

1610 Queen City Ave is a two-story, wood-frame multifamily property with a traditional typical of Cincinnati’s established rental corridors.

The building sits on a well-positioned lot along Queen City Avenue, offering strong visibility and accessibility. The property features a straightforward layout with direct unit access and limited off-street parking.

Its location along a major thoroughfare provides excellent connectivity to I-75 and downtown Cincinnati, making it attractive to tenants seeking convenient access to employment centers and urban amenities. The exterior is consistent with surrounding workforce housing properties, offering a durable and low-maintenance structure with long-term investment appeal.

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