Great Investment Opportunity! Fully Rented, Turnkey Brick Apartment Building – 7.66% % CAP Rate
Don’t miss this rare chance to own a well-maintained, income-producing property in the heart of McConnelsville! This solid brick apartment building, located at 545 E. McConnell Ave., is in excellent condition and offers three spacious, fully rented units with a strong rental history and zero downtime during recent turnovers.
**Property Features:**
* **Unit 1:** 2 bed / 1 bath
* **Unit 2:** 2 bed / 1 bath
* **Unit 3:** 4 bed / 2 bath – *potential to convert into two separate units for increased income*
* On-site laundry in every unit
* Generous storage throughout
* Outdoor porches and upper-level balcony for added charm and tenant appeal
This property has been expertly maintained and boasts steady occupancy with high demand. With a 7.66% CAP rate, immediate cash flow, and future upside by converting Unit 3 into two apartments, this is an ideal addition to any investor’s portfolio.
Schedule a showing today and seize this incredible opportunity! This is the kind of rental investors look for: clean numbers, reliable tenants, and a great area. Don’t miss out.
Under contract
Price cut: $9.1K (7/14)
$289,900
545 E McConnel Ave, McConnelsville, OH 43756
8beds
3,300sqft
Est.:
Triplex, Multi Family
Built in 1967
-- sqft lot
$-- Zestimate®
$88/sqft
$-- HOA
What's special
Upper-level balconyOutdoor porchesOn-site laundryGenerous storage
- 74 days
- on Zillow |
- 388 |
- 32 |
Zillow last checked: 7 hours ago
Listing updated: 21 hours ago
Listing Provided by:
Cinda Erickson 740-336-8453 CindaSellsOhio@gmail.com,
Berkshire Hathaway HomeServices Professional Realty
Source: MLS Now,MLS#: 5123896
Originating MLS: Guernsey-Muskingum Valley Association of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Range, Refrigerator, Washer
- Laundry: In Unit
Features
- Windows: Double Pane Windows, Insulated Windows
- Basement: Crawl Space,None
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
- Finished area above ground: 3,300
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Gravel, Off Street, On Street, Unpaved
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony
- Exterior features: Balcony
- Has view: Yes
- View description: City
Lot
- Size: 0.28 Acres
- Features: City Lot, Flat, Level
Details
- Additional parcels included: 1400077400
- Parcel number: 1400077500
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Brick
- Roof: Metal
Condition
- Year built: 1967
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Goddards Add
Location
- Region: Mcconnelsville
Financial & listing details
- Price per square foot: $88/sqft
- Annual tax amount: $3,205
- Date on market: 5/30/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
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