516 Franklin Street, Sandusky, OH 44870

Local realty services provided by:ERA Geyer Noakes Realty Group
516 Franklin Street,Sandusky, OH 44870
$179,900
  • - Beds
  • - Baths
  • 2,492 sq. ft.
  • Multi-family
  • Active
Listed by:jeffrey s smith
Office:berkshire hathaway homeservices pro. - sandusky
MLS#:20252256
Source:OH_FMLS

Price summary

  • Price:$179,900
  • Price per sq. ft.:$72.19

About this home

Great Investment Opportunity - Updated Stone Duplex with Strong Rental Income. Don't miss out on this downtown Sandusky duplex offering excellent cash flow and long-term stability. The lower unit features 3 spacious bedrooms and is rented for $1,200/month. Upper unit includes 2 bedrooms,2 Baths and rents for $995/month. Both units were tastefully updated about 5 years ago and have been well maintained. These desirable units are easy to rent and currently occupied with Section 8 tenants. Tenants pay their own electric. Owner is responsible for water, gas, and garbage. With a net annual income of just under $18,000, this property delivers an attractive 10% cap rate at current rents. Whether you're expanding your portfolio or looking for your first multifamily investment, this property is a solid choice. Seller is selling portfolio of 3 SFR's and 2 Duplexes. If interested in the entire portfolio, more properties could be added.

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Home facts

  • Year built:1896
  • Listing Id #:20252256
  • Added:55 day(s) ago
  • Updated:July 20, 2025 at 03:11 PM

Rooms and interior

  • Living area:2,492 sq. ft.

Structure and exterior

  • Year built:1896
  • Building area:2,492 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$179,900
  • Price per sq. ft.:$72.19
  • Tax amount:$1,591