5500 Glengate Lane, Cincinnati, OH 45212
- $4,532,110
- 66,400
- SqFt
- Sold Price
- $4,532,110
- List Price
- $3,500,000
- Status
- SOLD
- MLS#
- 1846652
- Closing Date
- Oct 20, 2025
- Lot Size
- 245,243
- Levels
- Three
- Region
- Hamilton-E05
- Subdivision
- Pleasant Ridge
Property Description
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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Additional Information
- Acres
- 5.63
- Construction
- Brick
- Roof
- Membrane
- Basement Desc
- None
- Garage Desc
- None
- Cooling
- Central Air
- Heating
- Forced Air
- Sewer
- Public Sewer
- Water
- Public
- School District
- Cincinnati City SD
Mortgage Calculator
Courtesy of Kurt Polter with Prodigy Properties
Courtesy of Kurt Polter with Prodigy Properties
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