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    602-604 N Main St Piqua, OH 45356

    Pending
    For Sale
    $175,000

    MULTI_FAMILY - Piqua, OH

    Property size:
    2,894 SF
    Days on Market:
    199
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 602-604 N Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 2
    Bedrooms
    7
    Bathrooms
    5
    APN
    n44010240
    Parking features
    Garage
    Basement
    Partial, Unfinished
    Size
    2,894 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air, Electric (Heating)

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    5

    Sibcy Cline, Inc. (937) 898-1234

    Listing agent Mark E. Davison (937) 898-1234

    Listing date May 21, 2025

    Copyright © 2025 Western Regional Information Systems and Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Piqua Multifamily Investment Opportunity

    This five-unit apartment complex in Piqua, Ohio, presents a promising investment opportunity. The building contains two two-bedroom units, two one-bedroom units, and one efficiency apartment. The owner is responsible for covering all utility costs. An adjacent building at 600 S Main is also available for purchase, which includes one commercial unit and two additional apartments. Purchasing both properties would provide a total of seven residential units and one commercial unit. The location offers potential for a unique bar or specialty shop, and the apartment building could be demolished to create additional parking. This property could be a valuable asset as the Piqua Riverscape Expansion continues.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Piqua
    County
    Miami
    State
    Ohio
    Longitude
    -84.239311
    Latitude
    40.1405504

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment complex with redevelopment potential in growing area.
    Where is this apartment building located?
    The property is located at 602-604 N Main St Piqua, OH.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Opportunity to purchase two adjacent buildings: a 5-unit apartment complex and a building with 2 apartments and 1 commercial unit.; - Potential for redevelopment or expansion due to the Piqua Riverscape Expansion.; - The combined properties offer 7 residential units and 1 commercial unit.
    (937) 898-1234
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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
    602-604 N Main St Piqua, OH 45356
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