Where to invest in Cincinnati?

Question

I am considering buying another property in Cincinnati. What neighborhoods are up and coming?

Zachary Elliott · Answer

I know Northern Kentucky has already been mentioned and while I know you said you are looking for Cincinnati neighborhoods, Northern Kentucky certainly qualifies as within the greater Cincinnati area. We have a huge Amazon facility that is being built at the airport, which should bring some pretty tremendous growth to the area. That said, I own a home in Burlington and have a rental property in Erlanger, both of which are very close to the airport. If you really want something closer to downtown, Covington is always a lively area. I used to live down there and there are plenty of rentals to be had. Just be careful, parts of Covington are not so great. Feel free to DM me if you have any other questions. Good luck in your search!

Dave Spooner · Answer

@Brett Maxam I think Walnut Hills and Evanston are both solid options. We got one in Latonia in Northern Kentucky. It's not as flashy as some of the other areas but there are good quality investments with steady renters there. Good luck!

Priya Thomas · Answer

@Dave Spooner Considering the spread of our properties, we don't really care which area, as far as the numbers work out we pick it. Even if they are in the hoods, provided the numbers mitigate the risk. We used to source most of our deals via MLS but from last year we rely on our own full blowing direct mail marketing.

Priya Thomas · Answer

@Dave Spooner We invest heavily around westwood, cheviot, college hill areas., now that we are slowly inching towards 100 doors, it has been great so far !! All our properties are pretty much spread all over hamilton county - west of 71 and south of 215.

Slocomb Reed · Answer

@Dave Spooner I used to live near OTR and I still love the two properties I bought down there before the market got too hot. Another great thing about the area is that most of the highway systems in Cincinnati are designed around going between downtown and the rest of the metro area. You can get great stable cash flow by driving west 10-15 minutes and appreciation/gentrification potential by going north, east, or south in under 10 minutes.

I was more willing to discuss up-and-coming neighborhoods before COVID-19, but I'll say that I'm still happy I bought in East Walnut Hills and Northside in late 2018.

I was more willing to discuss up-and-coming neighborhoods before COVID-19, but I'll say that I'm still happy I bought in East Walnut Hills and Northside in late 2018.

Brian Reynolds · Answer

@Dave Spooner have you looked at Madisonville? It has appreciated a lot over the past few years and still has some properties that you can buy fairly cheap and get a good ROI.

Brett Maxam · Answer

@Brad Lauck Walnut Hills has been on my radar. I'll take a look at Evanston as well. Thanks!

Brett Maxam · Answer

@Dave Spooner I enjoyed your post, curious if you ended up purchasing another property in Cincinnati and if so what neighborhood? I used to live in the Cincinnati area, Downtown then out to the north suburbs. I moved to Denver 8 years ago, we love it out here but the prices just don't make sense for a cashflow investor. Due to this, I'm now looking to invest in SFH as well as multi-unit properties and working on refreshing my knowledge of the area.

Kris Wong · Answer

Up and coming around downtown I would be looking at Mt. Auburn, Walnut/East Walnut Hills, Newport and Covington. Newport is exploding with projects in progress/in the pipeline.

Todd Kalsey · Answer

@Dave Spooner I follow the same philosophy as @Slocomb Reed with the idea of "farming" an area.  While my current properties aren't in the same neighborhood, they are only a 7-10 minute drive from each other.  I self manage too.  My goal is to keep future purchases within those areas/neighborhoods.  The last thing I want is to be ping-ponging all over the city.   With that said, it still will have to be a deal that works.  I would rather be focused and really understand some select neighborhoods/areas.  I think it's important to try to know the "pulse" in the neighborhoods where you have investments.  Just my 2 cents.  Good luck.

Where to invest in Cincinnati?

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