488 N Jay Street, West Milton, OH 45383

West Milton
Local realty services provided by:ERA Martin & Associates
488 N Jay Street,West Milton, OH 45383
$425,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew c wade
Office: roby realty614-791-0050
MLS#:225022141
Source:OH_CBR

Price summary

  • Price:$425,000

About this home

488 N Jay is a fully occupied four-unit building offered together with the adjacent 490 N Jay as an eight-unit package. The buildings are being sold as one transaction and will not be divided. All four units are leased, producing $3,700 per month / $44,400 annually in gross scheduled rent. Combined with 490 N Jay, the package produces $85,800 annually with a net operating income of $73,920 on current actuals. Owner-paid expenses across both buildings total $11,880 and are limited to insurance, taxes, landscaping, lawn treatment, trash, and repairs. Tenants pay all utilities except trash, which is served by a shared dumpster covering both properties. Expense figures do not include vacancy, management, capital reserves, or debt service. Unit 3 has been renovated and leases at $1,100 per month. The remaining units here rent at $850 and $900, giving a buyer an in-building comparable for the renovated rent level rather than a market assumption. Leases across both buildings expire on...

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Home facts

  • Year built:1963
  • Listing ID #:225022141
  • Added:464 day(s) ago
  • Updated:September 26, 2026 at 02:55 PM

Heating and cooling

  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1963
  • Lot area:0.29 Acres

Finances and disclosures

  • Price:$425,000
  • Tax amount:$1,385
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ERA Martin & Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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