5500 Glengate Lane, Cincinnati, OH 45212
Local realty services provided by:ERA Martin & Associates
Listed by:kurt polter
Office:prodigy properties
MLS#:1846652
Source:OH_CINCY
Price summary
- Price:$3,500,000
- Price per sq. ft.:$52.71
About this home
Court Appointed Receiver Sale, opportunity to acquire 5500 Glengate Lane. Offers a rare, large-scale value-add multifamily opportunity in Pleasant Ridge, a desirable neighborhood in Cincinnati, OH. This 5.63-acre site consists of seven (7) three-story garden-style buildings totaling 73 units & approximately 66,400 rentable square feet. The unit mix includes 62 two-bedroom & 11 one-bedroom apartments, complemented by 80 on-site parking spaces. Built in 1959, the property features spacious layouts & solid mid-century construction, ideal for interior renovations & exterior enhancements. Currently operating at approximately 25% occupancy, the asset is well-positioned for a full repositioning strategy. Investors can unlock significant upside through strategic upgrades, improved management, & lease-up of the vacant units. Centrally located near I-71 & the growing Pleasant Ridge entertainment district, the property benefits from strong rental demand & long-term growth potential.
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Home facts
- Year built:1959
- Listing Id #:1846652
- Added:43 day(s) ago
- Updated:August 03, 2025 at 07:27 AM
Rooms and interior
- Living area:66,400 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Membrane
- Year built:1959
- Building area:66,400 sq. ft.
- Lot area:5.63 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$52.71
Information deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than ERA Martin & Associates are marked with the Broker Reciprocity™ logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. 2025, MLS of Greater Cincinnati, Inc. All rights reserved.New listings near 5500 Glengate Lane
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