@Gene D. I would agree with Jacob. Norwood is a very block by block neighborhood. I own a duplex in Norwood on the far east side bordering Oakley. A lot of young home buyers and renters moving to the area as Hyde Park and Oakley prices are significantly higher.

@Jacob Murphy - Thanks for the quick reply. One duplex is East of Montgomery, close to the Waterworks Park (south of the lateral). The second is West of Montgomery, close to the Cintas Center / Xavier.

Norwoods City Government is in shambles. Streets are a mess, City Services are stretched thin, and building department is tough to work with. With that said, housing prices and rents are moving in the right direction in a lot of the neighborhood. Mainly due to the craziness going on in Oakley, Hyde Park and Mt. Lookout where a lot of young professionals want to move.

@Gene D. East of Montgomery is definitely considered the better side. Lot of young folks moving to that area as the price is creeping up to rent or buy in Hyde Park. I expect rents to rise in that area over time. West of Montgomery is going through as much renovation but has a solid rental market. I think of East of Montgomery as B/B- and West as a C/C- neighborhood.

I live nearby in Oakley and will back what others are saying. Very hit or miss. Depends on where you are in Norwood.

I lived in Norwood for two years. I rented the top floor of a house on Park Avenue (sounds a lot nicer than it is) and paid $500/month including all utilities. I agree with the sentiment that different areas of Norwood have different personalities. My area wasn't bad but it wasn't great - C+ maybe. That house had three units - probably 2,000 gross rent.

@Thomas Barrick and @Jacob Murphy - Wanted to say thank you to you both. I appreciate the insight, and info on Norwood and that part of town. Good luck out there!

@Gene D. Is this on the east or west side of Montgomery?

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Gene D.Poster

Cambridge, MA

Cincinnati Real Estate Forum

Thoughts on Norwood?

Gene D.Poster

Cambridge, MA

Posted March 13, 2017 14:24

Any opinions about the Norwood market? I'm in town next week and will be looking at a few cashflowing deals in the area, with stable tenants, and in seemingly good shape. In particular, one is a $125k duplex with ~$23k GAR. Seems like a pretty solid deal -- am I missing something about the market out there??

Cincinnati, Ohio

0 Votes