1035 First Street, Sandusky, OH 44870
Local realty services provided by:ERA Geyer Noakes Realty Group
1035 First Street,Sandusky, OH 44870
$7,550,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tarina m sidoti
Office: berkshire hathaway homeservices pro. - sandusky
MLS#:20260276
Source:OH_FMLS
Price summary
- Price:$7,550,000
About this home
A rare opportunity to acquire a large, assembled real estate portfolio spanning 50+ parcels comprised of 36 single-family homes and 11 multifamily properties (87 units) throughout downtown Sandusky, Ohio. This collection of properties creates a substantial footprint across the city's core residential neighborhoods, all within close proximity to the waterfront, downtown business district, and major travel corridors.Offered as a single package, the portfolio provides immediate scale, geographic density, and operational efficiency that would be extremely difficult to replicate through individual purchases.The properties currently generate $76,435 in monthly rental income, with documented market rents supporting approximately $88,100 per month. This reflects an estimated $140,000+ in annual income potential through rent normalization alone. Many leases are at-will or below market, offering a clear path to increased revenue without major renovations.This is a value-add opportunity driven by management and positioning.Beyond current cash flow, the concentration and location of these parcels offer long-term flexibility for future infill, redevelopment potential, or strategic hold as downtown Sandusky continues to benefit from ongoing waterfront and community improvements. This offering combines immediate income with control of a significant residential presence in a highly desirable lakefront market.See Attached Brochure for details....
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Home facts
- Listing ID #:20260276
- Added:144 day(s) ago
- Updated:June 24, 2026 at 05:06 PM
Structure and exterior
- Foundation Description:Crawl Space
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$7,550,000
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