5500 Glengate Lane

Cincinnati OH 45212

66400 sq. ft.

245243 sq. ft.

Apartment

Last sold for $4,532,110

Kurt Polter, last sold this property on 20 October 2025 after 109 days on market.

Overview

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.

Features

80 carspaces

80 open car spaces

66400 sq. ft. floor area

245243 sq. ft. lot size

Apartment

Estimated Value

Based on this property and similar apartments sold in Cincinnati over the last 12 months, the estimated median property value of 5500 Glengate Lane is $514.36k.

Median value

$514.36k

Estimated value range

$345k - $4.53m

Median days on market

Estimated value trend

16%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Cincinnati. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5500 Glengate Lane

2025

Sold

$4,532,110

20 Oct 2025 by Kurt Polter, of Prodigy Properties

Happy sellers in Cincinnati

We have insufficient information to provide an overview of customer satisfaction for Cincinnati. Viewing the agent profiles, reviews and sales for Cincinnati can provide insights for this location.