Description
Excellent 16-unit multifamily value-add opportunity offered at $1,250,000 ($78,125/unit). All units have been turned within the past year, with significant upside through interior renovations and rent increases of approximately $360/unit/month. A $400,000 improvement budget provides a clear path to reposition the property, increasing annual rental revenue by approximately $69,252 and moving NOI from $78,125 trailing-three-month annualized to $145,380 stabilized. Favorable lease rollover provides flexibility to begin renovations immediately.
Details
| MLS # | 1891956 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1908 |
| Days On Site | 24 |
| Listing Provided By | Outside The Box Real Estate | Maxwell Wechter |
Features
| SQ Feet | 30,381 |
|---|---|
| Garage | 16 |
| Basement | Y |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Acreage | 0.65 |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | Baseboard, Forced Air |
| Cooling | Window Unit |
| Window Features | Vinyl |
| Fireplace Features | None |
| Fireplaces Total | 0 |
Exterior
| Roof | Membrane |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Block |
Parking
| Parking Features | Lot, Off Street |
|---|---|
| Open Parking Spaces | 16 |
Utilities
| Sewer | Public Sewer |
|---|---|
| Gas | Natural |
Area Information
| State | OH |
|---|---|
| County | Butler |
| City | Hamilton |
| Zip Code | 45013 |
| Area | Butler W15 |
| Subarea | Butler W15 |
| Community Name | Hamilton West |
| School District | Hamilton City SD |
| High School | Hamilton City SD |
| Listing VS Median (in Hamilton West) | |
Price: $1,250,000 low | high Med: $249,900 sqft: 30,381 low | high Med: 1,966 $ / sqft: $41 low | high Med: $127 On site: 24 low | high Med: 8 | |
Market Activity 45013
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Learn More About This Property
| State | OH |
|---|---|
| County | Butler |
| City | Hamilton |
| Zip Code | 45013 |
| Area | Butler W15 |
| Subarea | Butler W15 |
| Community Name | Hamilton West |
| School District | Hamilton City SD |
| High School | Hamilton City SD |
| Listing VS Median (in Hamilton West) | |
Price: $1,250,000 low | high Med: $249,900 sqft: 30,381 low | high Med: 1,966 $ / sqft: $41 low | high Med: $127 On site: 24 low | high Med: 8 | |
Listing Updated: September 28, 2026 at 5:41:44 PM PDT