22 Fairlawn Avenue, Glouster, OH 45732
Local realty services provided by:ERA Martin & Associates
22 Fairlawn Avenue,Glouster, OH 45732
$175,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:allison lee
Office:athens real estate co
MLS#:225001509
Source:OH_CBR
Price summary
- Price:$175,000
About this home
Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-BR units renting for $700 each and one 1-BR unit renting for $480. The property has been carefully maintained, including a complete top-to-bottom remodel of two units in 2021—everything from subflooring to light fixtures was replaced—and the addition of a new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the option to expand by purchasing the neighboring triplex at 18 North, also for sale!
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Home facts
- Year built:1900
- Listing ID #:225001509
- Added:257 day(s) ago
- Updated:September 28, 2025 at 03:27 PM
Structure and exterior
- Year built:1900
- Lot area:0.14 Acres
Finances and disclosures
- Price:$175,000
- Tax amount:$772
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