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....
Contact an agent
Home facts
- Year built:1940
- Listing ID #:20262032
- Added:120 day(s) ago
- Updated:September 30, 2026 at 05:05 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
New listings near 2234 Putnam Street
- Coming Soon
$475,000Coming Soon5 beds 4 baths3,621 sq. ft.3903 Deerpath Drive, Sandusky, OH 44870
MLS# 10014082Listed by: THE DANBERRY CO. - Coming Soon
$189,900Coming Soon3 beds 2 baths1,448 sq. ft.4703 Pinewood Drive #232, Sandusky, OH 44870
MLS# 20263929Listed by: RUSSELL REAL ESTATE SERVICES - FREMONT - Coming Soon
$180,000Coming Soon2 beds 2 baths1,260 sq. ft.304 42nd Street, Sandusky, OH 44870
MLS# 20263817Listed by: KELLER WILLIAMS CITYWIDE-PC - New
$234,900Active3 beds 1 baths1,362 sq. ft.1918 Wade Boulevard, Sandusky, OH 44870
MLS# 20263951Listed by: BERKSHIRE HATHAWAY HOMESERVICES PRO. - SANDUSKY - New
$134,900Active4 beds 1 baths1218 E Farwell Street, Sandusky, OH 44870
MLS# 5249211Listed by: VYLLA HOME - New
$209,900Active3 beds 2 baths1,742 sq. ft.1330 5th Street, Sandusky, OH 44870
MLS# 20263933Listed by: KELLER WILLIAMS CITYWIDE-MAUME - New
$183,500Active2 beds 2 baths1,128 sq. ft.2310 Westwind Drive, Sandusky, OH 44870
MLS# 20263936Listed by: RE/MAX CROSSROADS - VERMILION - New
$185,000Active2 beds 2 baths1,658 sq. ft.308 Pennsylvania Avenue, Sandusky, OH 44870
MLS# 20263888Listed by: RUSSELL REAL ESTATE SERVICES - WESTLAKE - New
$137,000Active-- beds -- baths1,822 sq. ft.919 W Adams Street, Sandusky, OH 44870
MLS# 20263930Listed by: RUSSELL REAL ESTATE SERVICES - SANDUSKY - New
$135,000Active1 beds 1 baths700 sq. ft.1315 Lake Wilmer, Sandusky, OH 44870
MLS# 20263863Listed by: STREET SOTHEBY'S INTERNATIONAL REALTY