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Jeff Williamson is rehabbing houses around Cincinnati with a special focus on Norwood. This home on Slane Avenue is only his most recent success story. / Image courtesy of Jeff Williamson

Why Norwood Could Be The Next Rehab Hotspot In Cincinnati

Jeff Williamson is rehabbing houses in Cincinnati. Big deal, right? Nothing to see here. Except he’s not doing it in OTR or Walnut Hills, he’s doing it in Norwood.

Why Norwood? Good question. Williamson was first attracted by Norwood’s location: It’s just minutes from Hyde Park. And though Norwood’s home prices have appreciated 30 percent over the last three years, they’re still far lower than those of its neighbor across the highway. In fact, Williamson favorably compares Norwood to where Oakley was just a few years ago... desirable, because it's close to great shopping and nightlife, yet inexpensive enough that most normal homeowners (first-time buyers, young professionals, etc.) could actually afford to live there.

But Norwood isn’t playing second fiddle to anywhere, and that has a lot to do with its architecture. Rows of Victorian vernacular and Queen Anne single-family homes line Norwood’s streets. They were built around a century ago — and they were built well, meaning the natural woodwork is still usable, even if the rest of it isn’t.

Location, affordability, houses with character… add to those a friendly, close-knit community and a thriving business district and Norwood does seem like Cincinnati’s most reasonable neighborhood.

2131 SLANE AVENUE

So now you have a little insight into Williamson’s thought process back in 2012 when he purchased his first Norwood home, with the intent to renovate and flip. Four homes later, and the success is evident. Thirty percent price appreciation, remember?

As for that fifth home, it’s Exhibit A of Williamson’s success and the subject matter of our gallery: 2131 Slane Avenue. … Which, to be honest, was about 2,600 sq. ft. of trouble when Williamson bought it two years ago. It was a multi-family that needed to be completely gutted and outfitted with new wiring, new insulation & drywall, new plumbing, more bedrooms, new windows, a new roof, a new driveway, and off-street parking.

Yowza. But Williamson hunkered down and did the work, and now it’s the gorgeous home you see above.

ONWARD AND UPWARD

But Williamson isn’t finished rehabbing homes, and he isn’t finished with Norwood. As 2131 Slane Avenue passes into the hands of a buyer, he has his sights set on more rehab jobs in the thriving neighborhood.

And that isn’t all. Williamson, a veteran, is a realtor affiliate for Homes For Heroes, a program in which military veterans, emergency first responders, firefighters, law enforcement officers, healthcare professionals and teachers can save when they buy, sell, or refinance a home. Find out more about that here.

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Jeff Williamson is a realtor with Keller Williams Advisors Realty and a veteran rehabber of old Cincinnati homes. To learn more about his present and future projects, give him a call at 513.205.7904 or visit him online here.

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