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54 Gorman Ln, Cincinnati, OH, 45215

4beds
4baths
0sqft
$365,000
--price/sqft
$2,706/moest. monthly cost
$108,240/yrincome needed

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.

Getting Around

36
WalkingCar-Dependent
39
TransitSome Transit
38
BikeSomewhat Bikeable

Schools

6/10
Reading Elementary SchoolGrades PK-20.8 mi
6/10

Construction

Condition

  • Year built: 1942

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Quadruplex

Interior

Appliances

  • Laundry features: Coin Laundry

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Window features: Vinyl,Double Hung
  • Fireplace features: None

Heating & Cooling

  • Heating features: Radiant,Gas,Hot Water
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 6710002007300
  • Zoning description: Residential,Multi Family

Features

  • Levels: Two
  • Stories: 2

Parking

  • Total spaces: 8
  • Parking features: Parking Lot,Off Street,Driveway,Private
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4