$365,000

54 Gorman Lane, Reading, OH 45215

Multi-Family Home
Built in 1942
—— sqft lot
4 car garage
$——/sqft
Listed 5 months ago

Property Description

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.

Listing Status:: Active
Date Added:: December 8, 2025
Data Last Updated:: May 20, 2026 at 7:31AM
Listing Office:: Keller Williams Seven Hills Re : 513-371-5070
Listing Agent:: Alex Stroud : 513 9079035
MLS ID:: 1863715

Basement: Full
Fireplace: None

Parking: LotOff StreetDrivewayPrivate

Roofing: Shingle
Windows: VinylDouble Hung
General: BrickPoured

Originating MLS: Cincinnati Multiple Listing Service
School District: Reading Community Ci
County: Hamilton

Zoning: 6710002007300

Water: Public

Source: Cincinnati Multiple Listing Service

This listing courtesy of Alex Stroud , Keller Williams Seven Hills Re

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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