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54 Gorman Lane, Reading, OH 45215

Reading
Local realty services provided by:CENTURY 21 DeAnna Realty
54 Gorman Lane,Reading, OH 45215
$365,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: alex stroud, melissa b. friede
Office: keller williams seven hills re513-371-5070
MLS#:1863715
Source:OH_CINCY

Price summary

  • Price:$365,000

About this home

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.

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Home facts

  • Year built:1942
  • Listing ID #:1863715
  • Added:104 day(s) ago
  • Updated:May 01, 2026 at 02:18 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Cooling:Window Unit
  • Heating:Gas, Hot Water, Radiant

Structure and exterior

  • Roof:Shingle
  • Year built:1942
  • Construction Materials:Brick
  • Foundation Description:Poured
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$365,000

Parking

  • Total parking spaces:4
  • Parking description:Built in, Driveway, Lot, Off Street, Oversized, Private
  • Garage:Yes
  • Garage spaces:4
MLS LogoInformation deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than CENTURY 21 DeAnna Realty are marked with the Broker Reciprocity&#8482 logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. 2026, MLS of Greater Cincinnati, Inc. All rights reserved.

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