5500 Glengate Lane Pleasant Ridge, OH 45212

5.63
Acres
$3,500,000
MLS# 1846652
0
5.63 AC
1/41
  • New Listing
2/41
3/41
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Received 07/02/2025

More About 5500 Glengate Lane

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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Information Refreshed: 7/02/2025 10:09 AM

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Property Details

  • MLS#:

    1846652

  • Type:

    Apartment

  • County:

    Hamilton

  • Age:

    66

  • Construction:

    Brick

  • Cooling:

    Central Air

  • Garage:

    None

  • Heating:

    Forced Air

  • S/A Taxes:

    6202

  • School District:

    Cincinnati Public Schools

Online Views:

0
This listing courtesy of Kurt Polter , Prodigy Properties (513) 841-7000

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Monthly Cost

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OH•45212•Hamilton County•Pleasant Ridge•5500 Glengate Lane

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