2234 Putnam Street, Sandusky, OH 44870
Local realty services provided by:ERA Geyer Noakes Realty Group
2234 Putnam Street,Sandusky, OH 44870
$399,700
- - Beds
- - Baths
- 3,700 sq. ft.
- Multi-family
- Active
Listed by: jeffrey s smith
Office: berkshire hathaway homeservices pro. - sandusky
MLS#:20262032
Source:OH_FMLS
Price summary
- Price:$399,700
- Price per sq. ft.:$108.03
About this home
Beautiful 5-unit apartment property located on the corner of E. Perkins and and Putnam just on the edge of Sandusky near Perkins Township. This well maintained investment property offers a strong rental setup with tenants paying their own electric and heat, while the owner currently pays for gas for hot water and garbage.The property features a great unit mix, including a 2-bedroom second-floor unit, a 2-bedroom first-floor unit, a 1-bedroom first-floor unit, a 1-bedroom stand-alone home, and a first-floor efficiency. This setup gives an investor multiple income streams with a variety of unit types that appeal to different rental needs.The property has been very well cared for and includes an extremely clean basement, two boilers that are approximately 2 years old, water heater that is approximately 2 years old and roof is about 10 years old with much life left. There is also a one-car garage for storage and enough off-street parking for approximately 10 cars, which is a major benefit for a multi-unit property.As it currently sits, the property offers a solid cap rate, but with a few minor adjustments, there is potential to increase the cap rate up to approximately 15.5%, making this an excellent income-producing opportunity.This property could also be an excellent owner-occupied opportunity. Live in one unit and let the rental income from the other units help pay your mortgage. Whether you are an experienced investor, a first-time investor, or someone looking to reduce your monthly housing cost, this property offers strong income potential, a convenient Sandusky location, valuable parking, updated mechanicals, and upside for future returns....
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Home facts
- Year built:1940
- Listing ID #:20262032
- Added:67 day(s) ago
- Updated:August 08, 2026 at 04:10 PM
Rooms and interior
- Basement Description:Laundry, Part
- Living area:3,700 sq. ft.
Structure and exterior
- Year built:1940
- Building area:3,700 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Aluminum, Composition, Wood
- Foundation Description:Basement, Laundry, Part
- Levels:1 1/2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,700
- Price per sq. ft.:$108.03
- Tax amount:$2,054 (2026)
Parking
- Parking description:Paved Drive
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