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    41 Railroad Ave New London, OH 44851

    For Sale
    $359,900

    Commercial - New London, OH

    Type:Apartment
    Property size:
    1,840 SF
    Days on Market:
    104
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 41 Railroad Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Standard status
    Active
    APN
    260180030210000
    Size
    1,840 SF

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1938
    Roof type
    Composition
    Architectural style
    Other

    Keller Williams Elevate (440) 572-1200

    Listing agent Tracy Jones (440) 572-1200

    Listing date Sep 2, 2025

    MLS# 9069133 Listing URL

    Copyright © 2025 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New London Investment Opportunity

    This investment property in New London, Ohio, presents an opportunity for investors seeking income-producing assets. The property features two 1-bedroom apartments and three 2-bedroom apartments. With a total size of 1840 square feet, the property is situated in Huron County, Ohio. The property is located at 41 Railroad Ave, New London, OH 44851. The property is an income-producing property with consistent cash flow, ideal for investors seeking strong returns and long-term value. It is perfect for seasoned investors or savvy buyers looking for passive income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    New London
    County
    Huron
    State
    Ohio
    Longitude
    -82.407
    Latitude
    41.1035

    Nearby Similar for Sale

    • $345,000
      12,789 SF

      NAPA Auto Parts Investment Opportunity

      NNN leased auto shop with long-term tenant.
      19 N Main St, New London, OH 44851
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    • $139,900
      3,114 SF

      Turnkey Investment Property with Cash Flow

      Income-generating property with consistent returns and low-maintenance ownership.
      49 Railroad St, New London, OH 44851
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    FAQs

    What type of property is this?
    Apartment building - Turnkey, cash-flowing investment property in New London, Ohio.
    Where is this apartment building located?
    The property is located at 41 Railroad Ave New London, OH.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Turnkey, cash-flowing property ready for its next owner.; - Features a mix of (2) 1-bedroom and (3) 2-bedroom apartments.; - Income-producing property with consistent cash flow.
    (440) 572-1200
    Request Owner's contact information
    41 Railroad Ave New London, OH 44851
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    New London, OH 44851
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41 Railroad Ave New London, OH 44851
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