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For sale
  • $179,900

    516 Franklin St, Sandusky, OH 44870

    --beds
    0baths
    2,492sqft
    : 
    Duplex
    Built in 1896
    -- sqft lot
    $172,000 Zestimate®
    $72/sqft
    $-- HOA

    What's special

    Updated stone duplexSpacious bedrooms
    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.
    52 days
    on Zillow
    |
    1,149
    |
    54
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    Zillow last checked: 7 hours ago

    Listing updated: June 19, 2025 at 11:34pm

    Listed by:

    Jeffrey S. Smith 419-239-3472 jeffshomes55@gmail.com,

    BHHS Professional Realty

    Source: Firelands MLS,MLS#: 20252256Originating MLS: Firelands MLS
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    We'll find a local expert to take you on a private tour of 516 Franklin St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Gas, Hot Water
    Features
    • Basement: Full
    Interior area
    • Total structure area: 2,492
    • Total interior livable area: 2,492 sqft

    Property

    Parking
    • Parking features: Paved Drive, Off Street, Shared Driveway
    • Has uncovered spaces: Yes
    Lot
    • Size: 5,148.79 Square Feet
    • Dimensions: 39 x 132
    Details
    • Parcel number: 5601113000
    • Zoning description: R2F Two-Family Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Stone
    • Foundation: Basement
    Condition
    • Year built: 1896

    Utilities & green energy

    • Electric: 100 Amp Service, ON
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Sandusky

    Financial & listing details

    • Price per square foot: $72/sqft
    • Tax assessed value: $115,400
    • Annual tax amount: $1,590
    • Price range: $179.9K - $179.9K
    • Date on market: 6/20/2025
    • Date available: 01/01/1800
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