Public Remarks: Don't Miss this Fully Occupied 8-Unit Apartment Building in Oakley! All 8 Apartments are 2 Bedroom, 1 Bath with Hardwood Flooring, and On-Site Laundry Adds Income on Top of Rent. 10 Off-Street Parking w/ 6-7 Spaces on Site and Another 4 Spaces in Agreement w/ Rear Lot. Updates Include: Main Gas Line (2024), Water Main with New Pressure Valve & Shutoff (2024), Concrete Apron & Sidewalks (2024), Exterior Paint (2024), Electrical Updates (2025), EPDM Roof (2017), Replacement Vinyl Windows, LED Common Lighting and Remodeled Bathrooms in some of the Units. Turnkey Opportunity w/ Ability to Increase Value Still! Owner Pays Heat, Tenants Pay Electric. Close to Many Main Attractions in Rookwood, Hyde Park & I-71! Reach out to Tour and Get More Info!
Multi-familyProperty Type
1956Year Built
9,235 sq ftLot Size
$164Price/Sq.Ft.
10 spacesParking
Listed by Mitchell Kenney• Keller Williams Advisors
Oakley, located between Hyde Park and Madisonville, is a walkable and retail-forward Cincinnati neighborhood with a historic town square and a big-box corridor. The neighborhood’s character concentrates around Madison Road at Marburg Avenue, where sidewalk patios, coffee counters, and small storefronts keep the blocks in motion. Oakley Square frames the scene with brick facades, compact apartments over shops, and steady foot traffic. Cincinnati Observatory anchors the hilltop with a scholarly, old-Cincinnati presence. For a local night out, Aglamesis Bros. and Sleepy Bee Cafe act as familiar pillars. Streets shift from early-20th-century houses to newer infill, with Wasson Way threading green space through the edges.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Laundry & utility
Coin-operated laundry
Heating & cooling
Baseboard heating
Window-unit cooling
Home design
Two stories
Parking
10 open parking spaces
Lot parking
Off-street parking
Construction
Brick construction
Membrane roof
Slab foundation
Utilities
Public water
Public sewer
Natural gas
Electricity and solar
View estimated energy costs and solar savings for this home
Turnkey OAKLEY Cash Cow! Rare Eight 2 bed/1bath apts in one buidling. LOW MAINTENANCE. Great tenant base. Currently grosses $7,600/mo, could easily get to $9k/mo if rents calibrated to market. Hardwood in every room. Plenty of Parking-Easement with Lot behind building. Owner pays heat (boiler/baseboard), tenants pay electric/cooling. On site Laundry produces extra revenue. Improvements: Majority of bathrooms refinished in last 5 years, EPDM Rubber Roof Replaced '17, Concrete Apron/Sidewalks '24, Replacement Vinyl Windows, Hardwood, , Exterior Paint '24, Carpet to common areas replaced '24. Boiler Serviced Nov '24, Main Gas line replaced '24, Main Water Line and Pressure Valve/Shutoff replaced '24, Landscaped '24, All Exterior/Common Lights LED fixtures.
Cincy MLS #1363187
Aug 15, 2013
Listing Removed
—
Jun 21, 2013
Listed
$349,900
$57/sq ft
Public Records
Mar 6, 2013
Sold
$189,000
$31/sq ft
Public Records
Mar 12, 1993
Sold
$185,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,851 (+0.7%)
$19,040 + $111,748
$130,788
2024
$10,778 (+0.3%)
$19,040 + $111,748
$130,788
2023
$10,750 (−25.1%)
$19,040 + $111,748
$130,788
2022
$14,354 (+1.8%)
$16,573 + $141,750
$158,323
2021
$14,100 (−0.1%)
$16,573 + $141,750
$158,323
2020
$14,116 (+0.7%)
$16,573 + $141,750
$158,323
2019
$14,023
$15,204 + $130,046
$145,250
2018
$14,030 (+3.3%)
$15,204 + $130,046
$145,250
2017
$13,588 (+115.0%)
$15,204 + $130,046
$145,250
2016
$6,320 (+8.5%)
$16,016 + $50,134
$66,150
2014
$5,827
$16,016 + $50,134
$66,150
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
50 ft.
Lot depth
—
Lot size
9,235 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Hamilton County
APN
0510003004400
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 19, 2026.
CC-M
Commercial Community- Mixed District
To identify, create, maintain and enhance areas suitable for a wide variety of commercial and institutional uses along major transportation corridors and in shopping districts or centers. Although these centers may reflect elements of both pedestrian- and auto-oriented development, they typically accommodate larger-scale retail and commercial service uses, such as auto-related businesses and recreation and entertainment, as well as a variety of public and semi-public uses. Future development must reflect a complementary and compatible mix of uses, and may include residential uses. The Mixed district designation is intended to provide for a mix of the pedestrian and auto-oriented development. Older, pedestrian-oriented buildings may be intermixed with newer, auto-oriented uses.
Permitted uses
Include but are not limited to:
Gas station
Bank
Day care facility
General retail
Restaurant
Housing-Senior
Housing-Student
Hotel / motel
Office
Educational / school
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 103° expected this year, 20 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Cincinnati, OH • 45209
Average low and high temperatures (°F)
35
19
45
27
63
40
70
49
72
55
84
65
88
71
83
65
82
58
70
48
55
39
44
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 2% for direct sun exposure in Cincinnati. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4720 Ridge Ave
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