For Sale $890,000
Property Type Multi-Family
Property Size 10,290 SF
Units 12
Lot Size 0.55 Acre
Parking Spaces Avail. 12
Year Built 1954
Date Updated Mar 26, 2024

Greenwood Avenue is situated in NORTH Avondale, home to famous and historic mansions of Cincinnati. The apartments are surrounded by a mix of single family homes, mansions, high rise condos at Rose Hill and other multi-family buildings. Greenwood Avenue is right in the middle of most investors and homeowners target area to purchase property if looking in NORTH Avondale. Investors are purchasing the surrounding properties, completely renovating and then reselling. The mansions only ¼ mile away have strong resales prices and most on the market for just a few days.Jennifer Donathan of KW Commercial and Kyle Woodland of Reinvest Consultants are pleased to present a 12-unit complex in Cincinnati, Ohio. The property consists of two contiguous brick buildings with a large shared parking lot. Each building contains six units with four 2-bedroom/1-bath and two 1-bedroom/1-bath units. Easy to maintain. Easy to rent and wait list is common. Both buildings have gas boilers, with one having been upgraded to a high-efficiency system and both have new pumps. Property features new gas water heaters, pitched shingle roofs, vinyl replacement windows, and a coin-op laundry in each building. The parking lot has been resurfaced and the gutters/soffits replaced. All 2-bedroom units are spacious, submetered for power, and have semi-private dining areas. Many units have updated bathrooms, kitchens, lighting, and flooring.

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Highlights

100% occupied
Eight 2 bed units / four 1 bed units
Raise rents for legacy tenants
Convert the four 1-bedroom units to tenant-paid utilities
Continue updating units and common areas for higher rents
Allow subsidized rents
Allow dogs to collect pet rent
Xavier University is 1 mile away. Tap into the student market.
Improve power/water efficiency to save on utilities.
Area has come up quickly in recent years. Buy and hold for appreciation.

Contacts

Jennifer Donathan

Jennifer Donathan - KW - Advisors Realty

(513) 520-3540

Location

Getting Around

Walk Score ®
27/100 Car-Dependent
Transit Score ®
44/100 Some Transit
Bike Score ®
45/100 Somewhat Bikeable

Map
Street

City Cincinnati, OH
Neighborhood North Avondale
Zip Code 45229
Market Cincinnati

Points of Interest

Brewery District

2.97 miles
Findlay Market–Race

3.00 miles
Findlay Market–Elm

3.08 miles
Liberty & Race

3.16 miles
Liberty & Elm

3.19 miles
Hanke Exchange

3.29 miles
14th & Elm

3.35 miles
12th & Vine

3.36 miles
JACK Casino

3.37 miles
Washington Park

3.39 miles

Shell

0.98 miles
Sunoco

1.07 miles
Mobil

1.14 miles
BP

1.45 miles
Speedway

1.75 miles
Shell

1.75 miles
UDF Fuel

1.78 miles
Daniels Street Fast Charger

1.88 miles
Clifton Court Garage Charging Station

1.96 miles
Shell

1.99 miles

Northern Avenue Garage

0.86 miles
Cincinnati Police Department District 4

0.95 miles
Visitor Parking

1.06 miles
Cintas Center East Parking Area

1.06 miles
North Employee Garage

1.09 miles
Lot 16

1.13 miles
CCHMC South Parking

1.14 miles
Shriners Garage

1.20 miles
UCMC Sabin Way Garage

1.21 miles
Eden Avenue Garage

1.35 miles

Quality Inn & Suites

1.17 miles
Graduate Cincinnati

1.47 miles
Hampton Inn & Suites Cincinnati - Uptown-University Area

1.63 miles
DoubleTree

1.71 miles
Gaslight Bed & Breakfast

1.73 miles
MainStay Suites Cincinnati University - Uptown

2.06 miles
Fairfield Inn

2.24 miles
Rest Inn

2.37 miles
Courtyard Cincinnati Midtown/Rookwood

2.41 miles
SpringHill Suites Cincinnati Midtown

2.45 miles

Sleepy Bee on The Fly

0.85 miles
Popeyes

1.03 miles
LaRosa's Pizzeria

1.09 miles
White Castle

1.09 miles
LaRosa's Pizzeria

1.09 miles
Wok Inn

1.10 miles
Chili Time Restaurant

1.12 miles
S & S Bar-B-Que

1.16 miles
Wendy's

1.19 miles
Richie’s

1.19 miles

North Avondale Elementary School

0.26 miles
Saint Thomas School

0.29 miles
South Avondale Elementary School

0.63 miles
Roger Bacon High School

0.90 miles
Xavier University

0.93 miles
Walnut Hills High School

0.97 miles
Saint Bernard Elementary School

0.98 miles
Saint Bernard–Elmwood Place High School;Saint Bernard Elementary School

1.04 miles
Saint Clement School

1.05 miles
Saint Bernard–Elmwood Place High School

1.07 miles

Childrens Village Academy

1.23 miles
Divine Daycare Center

1.85 miles
Montessori Center Room

2.51 miles
Rising Stars at Vine

2.68 miles
Primrose School at P&G GO Child Development Center

3.47 miles
Learning Grove - YWCA

3.50 miles
Childtime

3.68 miles
Victory Child Academy Incorporated

5.28 miles
Youthland Academy Blue Ash Learning Center

7.35 miles
Kindercare Delhi

7.42 miles

Frequently Asked Questions

What is the lease rate for 697 - 701 Greenwood Avenue?

Rental asking rate at 697 - 701 Greenwood Avenue is $445,000.00/YR.

What is the total square footage of 697 - 701 Greenwood Avenue?

697 - 701 Greenwood Avenue totals 10,290 square feet.

When was this property built?

697 - 701 Greenwood Avenue was built in 1954.

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Contact Listing Broker

Jennifer Donathan

Jennifer Donathan - KW - Advisors Realty

(513) 520-3540

697 - 701 Greenwood Avenue