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54 Gorman Lane Reading, OH $ 365,000
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$ 365,000 Get more info
54 Gorman Lane
$ 365,000
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54 Gorman Lane

Reading, OH, 45215
$ 365,000
Bedrooms4 Baths3.0

Monthly Estimate*

$ 2,247

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Multi-Family Home for sale in Reading, OH

for $365,000 with 4 bedrooms and 3 full baths. This home was built in 1942.

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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Multi-Family Active

Price

$ 365,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1942

Town/City

Reading

County/Region

Hamilton

MLS | Web ID

1863715
Features
General
Sewer Public Sewer
Heating Radiant Gas Hot Water
Cooling Window Unit
Roof Shingle
Garage Oversized Built in
Unit 4 Rent 1000.0
Unit 2 Rent 950.0
Unit 3 Rent 900.0
Unit 1 Rent 1150.0
Garage Spaces 4.0
Construction Materials Brick
Year Built 1942
Levels Two
Property Subtype Multi Fam 2-4 units
County Hamilton
Net Operating Income 0.0
Property Type Residential Income
Close Price 0.0
Status Active
Directions North on Reading Rd. Right on Ghal Terrace right on Gorman Ln.
City Reading
High School District Reading Community Ci
Open Parking Spaces 4
Number Of Units Total 4
MLS Area Hamilton-E03
Lot Size Units Acres
Lot Size Square Feet 0.0
Structure Type Quad
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Interior
Basement Full
Fireplace Features None
Unit 1 Full Baths 1
Unit 2 Full Baths 1
Unit 3 Full Baths 1
Unit1Bedrooms 1
Unit3Bedrooms 1
Window Features Vinyl Double Hung
Bedrooms Possible 0
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Exterior
Parking Features Lot Off Street Driveway Private
Water Source Public
Foundation Details Poured
Lot Size Acres 0.0
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Internal Only
Street Number 1 54
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* Excluded Features
List By
Keller Williams Seven Hills Re

Broker

astroudhomes@gmail.com

Email

Affordability Calculator

$2,247
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,247
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4319922 Elementary School
4319920 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
4/10/2026$365,000 -2.67% Price Down
1/17/2026$375,000 Listed Price

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54 Gorman Lane, Reading, OH, 45215 is a Multi-Family Home for sale at $365,000. 54 Gorman Lane has 4 bedrooms, 3.0 baths, and was built in 1942. The property's zip code is 45215 which is in Reading, OH

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