54 Gorman Lane, Reading, OH 45215

Reading
Local realty services provided by:ERA Real Solutions Realty
54 Gorman Lane,Reading, OH 45215
$365,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: alex stroud, melissa b. friede
Office: keller williams seven hills re513-371-5070
MLS#:1863715
Source:OH_CINCY

Price summary

  • Price:$365,000

About this home

Well-maintained 4-unit multifamily featuring four identical 1-bedroom units, all currently occupied on month-to-month leases. Current signed rents total $4,000/month ($48,000 annually), offering a stabilized investment at approximately a 9% cap rate at current pricing. The property has been updated over time and provides a strong income-producing opportunity with flexibility for future operational adjustments. Includes coin-operated laundry and shared rear driveway. Ideal for investors seeking immediate cash flow.

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Home facts

  • Year built:1942
  • Listing ID #:1863715
  • Added:117 day(s) ago
  • Updated:May 14, 2026 at 02:10 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Cooling:Window Unit
  • Heating:Gas, Hot Water, Radiant

Structure and exterior

  • Roof:Shingle
  • Year built:1942
  • Construction Materials:Brick
  • Foundation Description:Poured
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$365,000

Parking

  • Total parking spaces:4
  • Parking description:Built in, Driveway, Lot, Off Street, Oversized, Private
  • Garage:Yes
  • Garage spaces:4
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