Attention Investors! SOLID investment offering! No matter how you approach the valuation of this property, you arrive to the same conclusion: You can purchase this below-market property right now, invest a little capital, market immediately (and there are tons of anxious, prospective renters in the market right now) and profit! This five unit multi-family dwelling has four single units and one three occupant unit. Let me walk you through the valuation... estimate a conservative gross potential income of $42,000, subtract operating expenses, property tax and insurance premium and you end up with a net operating income of over $25,000. After applying locally appropriate cap rate, the valuation you end up with is 25% higher than this list price! This is an opportunity for a seasoned investor to add to their portfolio or for a newer investor to start. This property is currently vacant, but has an active rental permit with Athens Code Enforcement for a total occupancy of seven.
Active
$295,000
71 W Washington St, Athens, OH 45701
7beds
5baths
2,265sqft
Est.:
Multi Family, Multi-Family Units, Investment Property (Rental), 4+ Units
Built in 1900
-- sqft lot
$280,400 Zestimate®
$130/sqft
$-- HOA
What's special
- 75 days
- on Zillow |
- 431 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: June 28, 2025 at 11:57am
Listed by:
Bob Prebe (740)590-4882,
Uptown Realty Group LLC,
Melissa Prebe (740) 541-0374,
Uptown Realty Group LLC
Source: Athens County BOR,MLS#: 2433553

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Furnace-Gas, Wall Heater
Cooling
- Central Air HP
Appliances
- Included: Refrigerator, Gas Water Heater, Oven/Range- Gas
Features
- Laminate Counters
- Flooring: Carpet, Laminate
- Windows: Windows- Single Pane
Interior area
- Total structure area: 2,265
- Total interior livable area: 2,265 sqft
Video & virtual tour
Property
Features
- Patio & porch: Deck
- Exterior features: Rain Gutters
Lot
- Size: 6,969.6 Square Feet
Details
- Parcel number: A027310005500
- Zoning description: Residential: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Multi-Family Units, Investment Property (Rental), 4+ Units
Materials
- Concrete Block, Vinyl Siding
- Foundation: Concrete Block
- Roof: Architectural Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Power: AEP
- Sewer: Public Sewer
- Water: Public
- Utilities for property: TV-Cable, Natural Gas Connected, Garbage Collection, Internet-Cable
Community & HOA
Location
- Region: Athens
Financial & listing details
- Price per square foot: $130/sqft
- Annual tax amount: $5,114
- Date on market: 6/6/2025
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