Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    610 Madison Avenue Cambridge, OH 43725

    View on Map
    For Sale
    $149,900

    MULTI_FAMILY - Cambridge, OH

    Property size:
    3,000 SF
    Lot size:
    0.28 Acres
    Added:
    Oct 14, 2025
    Days on Market:
    169
    Last Refresh:
    Mar 31 at 9:06 pm

    Property Features for 610 Madison Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bedroom 7, Bathroom 1, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 4, Basement, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2
    Parking features
    On Street
    Standard status
    Active
    APN
    06-0001453.000
    Size
    3,000 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    R3 T2 SA03-20 PT OL 8-9 A. O. LONG
    TaxAnnualAmount
    1865

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating), Natural Gas
    Cooling system
    Wall Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    3
    Building materials
    WoodSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Kurt P Ragsdale

    Listing agent Kurt P Ragsdale License #2018005758

    Listing office Carol Goff & Associates 648 Wheeling Ave. Suite B, Zanesville, OH

    Listing date Oct 14, 2025

    MLS# 5163271 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cambridge Four-Unit Multifamily Property

    This multifamily property, located in Cambridge, OH, features four units. The property offers growth and income potential for investors. The building has a total size of 3000 square feet and is situated on a 0.2847-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.592937
    Latitude
    40.020854

    Nearby Similar for Sale

    • $349,900

      Versatile Commercial Building on Woodlawn

      Adaptable 4,500 sq ft commercial building near State Route 209.
      918 Woodlawn Avenue, Cambridge, OH 43725
      View Details
    • $379,000

      Established Cambridge Convenience Store Opportunity

      Established convenience store with high visibility and steady customer traffic.
      101 Steubenville Avenue, Cambridge, OH 43725
      View Details
    • $849,000

      Versatile Office Space in Cambridge

      Four-level office building in downtown Cambridge with on-site parking.
      927 Wheeling Avenue, Cambridge, OH 43725
      View Details
    • $329,900
      1,960 SF

      Cambridge Duplex with Income Potential

      2002-built duplex on two parcels, great income potential.
      141 Meadowpark Drive, Cambridge, OH 43725
      View Details
    • $379,900

      Cambridge Office Space on Acreage

      Office space on 7.697 acres, many possibilities.
      2500 Glenn Highway, Cambridge, OH 43725
      View Details
    • $415,000

      Cambridge Office Building For Sale

      Spacious office building with new roof, convenient location, and accessibility.
      1175 South 13th Street, Cambridge, OH 43725
      View Details
    • $23,000

      Two-Car Garage in Cambridge, OH

      Detached two-car garage with storage and workshop space for sale.
      12th Street, Cambridge, OH 43725
      View Details
    • $225,000
      3,000 SF

      Former Restaurant on Wheeling Avenue

      Restaurant building for sale with high traffic and dense demographics.
      1821 E Wheeling Ave, Cambridge, OH 43725
      View Details
    • $2,245,108
      10,640 SF

      New Dollar General Investment Opportunity

      New Dollar General Plus store in Cambridge, Ohio for sale.
      9884 Cadiz Rd, Cambridge, OH 43725
      View Details
    • $349,900
      4,500 SF

      Spacious Commercial Building on Woodlawn

      Adaptable 4,500 sq ft commercial building with ample parking.
      918 Woodlawn Avenue, Cambridge, OH 43725
      View Details
    • Contact for pricing
      7,936 SF

      Commercial Property with Showroom, Office

      Commercial property featuring showroom, office space, and fabricating room.
      919 Woodlawn Ave, Cambridge, OH
      View Details
    • $2,200,000
      36,318 SF

      Quality Inn

      Quality Inn in Cambridge, OH, with high occupancy.
      1945 Southgate Pkwy, Cambridge, OH 43725
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property with growth and income potential in Cambridge, OH.
    Where is this quadplex located?
    The property is located at 610 Madison Avenue Cambridge, OH.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Four‑unit property ideal for investment; Potential for income generation; Natural gas heating
    (740) 704-1294
    We can help!
    Listing Contact
    Kurt P Ragsdale
    Real Estate License ID: 2018005758
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!