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Active
  • $295,000

    71 W Washington St, Athens, OH 45701

    7beds
    5baths
    2,265sqft
    : 
    Multi Family, Multi-Family Units, Investment Property (Rental), 4+ Units
    Built in 1900
    -- sqft lot
    $280,400 Zestimate®
    $130/sqft
    $-- HOA

    What's special

    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.
    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#: 2433553MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 71 W Washington St.

    Next available tour time:Today at 11am

    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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