Multiple Offers, Offers to be left open until 11:59PM 2/28/2025. Fully Occupied 4-Unit Investment Property - 8.5%+ Cap Rate & $22K+ NOI! 5848 Shadymist is a prime income-generating multi-family property featuring four identical 2-bedroom, 1-bathroom units. Fully occupied with monthly gross rents of $4,168, this turnkey investment delivers over $22,000 in annual NOI and an impressive 8.5%+ cap rate. Each unit is well-maintained and tenant-friendly, offering spacious layouts, modern updates, and separate utilities to keep expenses low. Located in a high-demand rental area, this property ensures steady occupancy and strong long-term returns. A fantastic opportunity for both seasoned and first-time investors looking for immediate cash flow and long-term stability. Schedule your showing today!
Sold for $335,000
$335,000
5848 Shadymist Ln, Cincinnati, OH 45239
8beds
800sqft
Multi Family, Quadruplex
Built in 1960
-- sqft lot
$347,600 Zestimate®
$419/sqft
$1,342 Estimated rent
Home value
$347,600
$313,000 - $386,000
$1,342/mo
Zestimate® history
Owner options
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$1,342/mo
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$1,342/mo
Rent Zestimate®
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$2,207/mo
Est. payment
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$2,207/mo
Est. payment
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Modern updatesSpacious layoutsSeparate utilities
Zillow last checked:
Listing updated:
Listed by:
Mitch Huffman 513-515-8875,
Coldwell Banker Realty 513-922-9400
Bought with:
Jonathan V Price, 2018003625
Coldwell Banker Realty
Source: Cincy MLS,MLS#: 1831312
Originating MLS: Cincinnati Area Multiple Listing Service
Originating MLS: Cincinnati Area Multiple Listing Service
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Individual, Gas
Cooling
- Window Unit(s), Separate Air Conditioning
Appliances
- Laundry: Coin Laundry
Features
- Windows: Vinyl, Insulated Windows
- Basement: Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 0
- Total interior livable area: 800 sqft
Property
Parking
- Total spaces: 10
- Parking features: Off Street, Driveway, Garage
- Attached garage spaces: 4
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: City
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 2310001015000
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cincinnati
Financial & listing details
- Price per square foot: $419/sqft
- Annual tax amount: $8,948
- Date on market: 2/20/2025
- Listing terms: No Special Financing,Conventional
- Tenant pays: Heat
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2025 | Sold | $335,000+1.5%$419/sqft |
Source:  Cincy MLS #1831312 Report a problem | ||
| 3/3/2025 | Pending sale | $329,900$412/sqft |
Source: Cincy MLS #1831312 Report a problem | ||
| 2/20/2025 | Listed for sale | $329,900+6.4%$412/sqft |
Source: Cincy MLS #1831312 Report a problem | ||
| 10/28/2022 | Sold | $310,000+3.4%$388/sqft |
Source: Cincy MLS #1753928 Report a problem | ||
| 9/25/2022 | Pending sale | $299,900$375/sqft |
Source: Cincy MLS #1753928 Report a problem | ||
| 9/23/2022 | Listed for sale | $299,900+47.4%$375/sqft |
Source: Cincy MLS #1753928 Report a problem | ||
| 9/4/2020 | Sold | $203,500+1.8%$254/sqft |
Source: Cincy MLS #1667530 Report a problem | ||
| 7/10/2020 | Pending sale | $199,900$250/sqft |
Source: Group, REALTORS #1667530 Report a problem | ||
| 7/7/2020 | Listed for sale | $199,900$250/sqft |
Source: Group, REALTORS #1667530 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Mt. Airy
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Nearby schools
GreatSchools rating
- 4/10Mt. Airy Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 4/10Aiken New Tech High SchoolGrades: 7-12Distance: 1.7 mi
- 3/10James N. Gamble Montessori High SchoolGrades: 7-12Distance: 4.4 mi
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Estimated market value
$347,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$347,600
- Ohio
- Hamilton County
- Cincinnati
- 45239
- Mt. Airy
- 5848 Shadymist Ln
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