Two multifamily closings in Cincy MLS Hamilton County, both in the last 30 days good snapshot of how wide the range is right now.

Same county, same 30-day window a stabilized 11-unit cash flower on one end, a gut-rehab duplex on the other. Good reminder that Cincinnati multifamily covers a lot of ground depending on your strategy.

What's everyone seeing on cap rates for stabilized multifamily in this market right now?

🔺 Highest: 5617 Cheviot Rd, Green Twp — 11-unit apartment building

• Sold: $790,000 (9/10/26) | List: $850,000 | 93 DOM | 93% of list

• Gross income: $120,840 | NOI: $86,519 (~11% cap rate on sale price)

• All 1-bed units, tenant pays heat, coin laundry — stabilized, cash-flowing asset

🔻 Lowest: 755 N Fred Shuttlesworth Cir, Avondale — Duplex

• Sold: $75,000 (9/8/26) | List: $75,000 | 54 DOM | 100% of list, cash only

• Fire-damaged, needs extensive repair, sold as-is — pure value-add/rehab play

• 2,076 sq ft finish-able, zoned multifamily