- For Sale First Bid Meets Reserve: $125,000
- Property Type Multi-Family
- Property Size 3,504 SF
- Units 5
- Lot Size 0.04 Acre
- Property Tenancy Multi-Tenant
- Date Updated May 6, 2026
Description
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.1613 Walnut St., Cincinnati, OH 45202 presents a rare chance to acquire a vacant historic redevelopment opportunity in the heart of Over-the-Rhine. This 1890-era building offers approximately 3,504 SF on a 0.042-acre site along Walnut Street, one of OTR’s key corridors with strong connectivity to Downtown Cincinnati and the Uptown employment hub. Positioned in one of Cincinnati’s most walkable and dynamic neighborhoods, the property is in close proximity to established retail, dining, entertainment, and ongoing revitalization. MG-T zoning allows for a range of potential uses, including multifamily, mixed-use, residential-over-retail, live-work, and light commercial concepts. The asset is located within an Opportunity Zone and may also offer potential historic tax credit upside, creating compelling redevelopment economics for investors and developers seeking value-add potential. With direct access to I-71 and I-75, strong neighborhood momentum, and a location between the CBD and major institutional employers, this property is well-positioned for adaptive reuse or a transformative repositioning. Ideal for buyers looking to capitalize on OTR’s continued growth and long-term demand!
Highlights
- 1890-era historic structure with potential eligibility for Federal and Ohio Historic Tax Credits, meaningfully improving project-level economics for a substantial rehabilitation
- Designated Opportunity Zone — qualifying buyers may receive potential tax benefits
- Located on Walnut Street — a primary OTR arterial with direct CBD connectivity, high foot traffic, and a well-established surrounding retail and dining corridor
- MG-T zoning provides broad development flexibility across multifamily, mixed-use residential/commercial, and live-work configurations
- Positioned between the CBD and Uptown employment corridor, maximizing the addressable renter pool for any multifamily or mixed-use program
- Subject To Lender Approval
False
Contacts
Michael Bergman
Astonish
Location
Located at 1613 Walnut St., Cincinnati, OH 45202, this property is part of the Over - The Rhine neighborhood and Cincinnati market.
Contact Listing Broker
Michael Bergman
Astonish