2346 Boone St

2346 Boone St, Cincinnati, OH 45206

Property Information

  • For Sale $2,600,000
  • Property Type Multi-Family
  • Property Size 10,248 SF
  • Units 14
  • Lot Size 0.38 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1929
  • Year Renovated 2022
  • Date Updated Jul 21, 2026

Description

Located in Cincinnati’s vibrant Walnut Hills neighborhood, 2346 Boone Street is a multifamily building surrounded by historic charm and community character. Residents enjoy easy access to local shops, eateries, and green spaces like Eden Park, with convenient transit options to downtown, the University of Cincinnati, and nearby medical districts. The area’s mix of residential homes and ongoing redevelopment makes this an ideal investment in a walkable, growing urban neighborhood.2346 Boone Street is a fully renovated, 100% occupied 14-unit multifamily building in Cincinnati's Walnut Hills submarket. The property underwent a complete gut renovation in 2022–2023, with new HVAC, security, and access control systems installed throughout. Units are individually metered for electric and gas, and the property carries a CRA tax abatement through 2030, holding the assessed value at $324,290 against a $536,650 full assessment. The asset produces $158,520 in NOI, reflecting a 6.1% cap rate at the $2,600,000 asking price.

Highlights

  • 100% Occupancy
  • Additional Development Potential - Adjacent parking lot available for purchase separately
  • Close Proximity to the University of Cincinnati, Downtown Cincinnati and Xavier University
  • Complete Gut Renovation - Professional conversion completed 2022-2023
  • CRA Abatement through 2030
  • Modern Building Systems - New HVAC, security, and building access controls
  • Tenant-Paid Utilities - Individual electric and gas meters reduce landlord expenses
  • Walnut Hills Has Seen over $100M+ in Real Estate Development Projects in Recent Years

Contacts

Location

Located at 2346 Boone St, Cincinnati, OH 45206, this property is part of the Walnut Hills neighborhood and Cincinnati market.

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