58 Gorman LaneReading, OH 45215

58 Gorman LaneReading, OH 45215

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$349,900 Active
Multi Unit - Multiple MLS 1874360
0 beds Bathrooms
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Listed By

Agency Name: Ohio Property Group, LLC
Agency Phone: 419-790-3106
Agent Name: Glen Whitten

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Fully leased 4-unit all brick building generating $3,325/mo, with an upside potential of $3700+. Features ample off-street parking, on-site storage, and vendor-managed coin laundry. Recently renovated units boast hardwood / premium vinyl plank floors, updated counters, cabinets, and baths. Tenants pay electric and cooking gas. Owner pays central heat, water, and trash (total $484/mo on average). Unit A (2BR): $1025 month-to-month. Unit B (Studio): $600 long-term tenant thru 9/30/26. Unit C (2BR): $1000 thru 10/8/26. Unit D (Studio): $700 thru 3/20/27. Rents are below market. All appliances stay. Great investment opportunity with instant and long-term potential! See pdf file for a list of major repairs.

58 Gorman Lane | MLS# 1874360

This multi-family property located at 58 Gorman Lane, Reading, OH 45215 is currently listed for sale with an asking price of $349,900. Gorman Lane is located within the Reading Community Ci school district. Search Reading real estate on 5103brocaderoadse.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Window Unit
Days on Market: 24
Fireplaces: 0
Heating: Electric, Radiant, Gas, Hot Water
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $4,708
Year Built: 1942

Amenities

Storage Area

Feature Descriptions

Exterior: Brick
Fireplace Features: None
Foundation: Block
Gas: Natural
Miscellaneous: Coin Laundry, Cable TV, Smoke Alarm
Parcel #: 671-0002-0127-00
Parking: Off Street
Sewer: Public Sewer
Total Buildings: 1
Units: 4
Water: Public
Window Features: Vinyl

Local Schools

School District: Reading Community Ci

Demographics

Hamilton County Demographic Information for 58 Gorman Lane, Reading, OH 45215
Fips
Fips Code 39061
Population
2020 to 2025 Change up 0.9%
2010 Count 802,374
2020 Count 830,639
2025 Estimate (V2025) 838,418
2020 Estimate (V2025) 830,628
Age Distribution (Years Old)
0 to 4 6.1%
5 to 17 22.6%
18 to 64 54.0%
65 and Older 17.3%
Gender
Male 48.6%
Female 51.4%
Place of Birth
Foreign 6.3%
US 93.7%
Education
High School Graduate, Age 25+ 92.7%
Bachelor's Degree or Higher, Age 25+ 41.8%
Computer and Internet use
Households with a computer 95.1%
Households with a broadband Internet subscription 91.3%
Language
English is Second Language, Age 5+ 8.1%
English is First Language, Age 5+ 91.9%
Veterans
Veterans 34,838
Income
Per Capita Income $45,936
Median Household Income $72,470
People in Poverty 14.2%
Commute
Average Work Commute Time 23 minutes
Housing
Total Housing Units 381,690
Households 354,739
Average Household Size 2.29
Owner-Occupied 59.3%
Multi-Family 35.8%
Owner-Occupied Median Value $241,900
Median selected monthly owner costs -with a mortgage $1,673
Median selected monthly owner costs -without a mortgage $707
Median gross rent $1,075
Building Permits
New Private Housing Issued 2024 822
Years at Residence
1 Year or More 86.3%
Less Than 1 Year 13.7%
Business and Employment
Private non-farm Establishments 21,087
Private non-farm Employment 529,211
Private non-farm Employment Growth down 1.0%
Nonemployer Establishments 66,999
Number of Firms 14,937
Business Production
Value of Shipments $23,656,887,000
Wholesale Trade $16,309,476,000
Retail Trade $13,273,606,000
Retail Sales Per Capita $14,411
Accommodation and Food Services $2,445,265,000
Land
Land Area 405.91 sq. miles
Population Per Square Mile 1,977

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,272.89 per month $1,778.50 Principal & Interest $392.33 Property Tax $102.05 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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