AUCTION - 100 E McMicken Avenue

Over-The-Rhine is Cincinnati’s oldest and most historic neighborhood that is just north of downtown. Over the past few years we have seen the revitalization and transformation into a hotspot destination for everyone to enjoy. Strategically located between two large employment centers, the CBD and the Uptown medical and university community. The small neighborhood has a plethora of retail and dining options including the Eagle OTR and Rhinegeist Brewery and is in close proximity to Findlay Market, Ohio’s oldest surviving municipal market house. OTR has the highest walkability score of 94, making it the most walkable neighborhood in the city highlighted by just a short walk to the new 50,000 sq foot Kroger featuring On The Rhine Eatery and Event Center.100 E McMicken Ave., Cincinnati, OH 45202 is a rare opportunity to acquire a fully renovated, turn-key multifamily asset in the heart of Over-the-Rhine—one of Cincinnati’s most vibrant and walkable neighborhoods. Originally built in 1885 and comprehensively redeveloped, this historic brick property features 6 spacious 1BD/1BA units totaling approximately 5,148 SF. Construction is complete and the property has received its Certificate of Occupancy, allowing a new owner to begin leasing immediately with no development risk. Units average roughly 886 SF and feature modern finishes that appeal to today’s urban renter. The asset also benefits from a 30-year TIF tax abatement through 2032, helping keep annual real estate taxes exceptionally low and supporting stronger day-one cash flow. Positioned near Downtown Cincinnati with convenient access to I-71 and I-75, the property offers residents proximity to major employment centers, entertainment, dining, and neighborhood amenities. Zoned CC-P-T and located within an Opportunity Zone, this is a compelling value-add and long-term hold opportunity in one of the Midwest’s most sought-after urban districts!