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.
For sale
$179,900
516 Franklin St, Sandusky, OH 44870
--beds
0baths
2,492sqft
Est.:
Duplex
Built in 1896
-- sqft lot
$172,000 Zestimate®
$72/sqft
$-- HOA
What's special
Updated stone duplexSpacious bedrooms
- 52 days
- on Zillow |
- 1,149 |
- 54 |
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
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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