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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