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:97 day(s) ago
- Updated:September 24, 2025 at 03:16 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
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