Nelsonville Multifamily Investment
For Sale
$209,500
106 E Franklin Street, Nelsonville, OH 45764
Three-unit complex near downtown Nelsonville with income potential.
Property Size1,300 SF
Price / SF$161.15
Days on Market206
Property Features for 106 E Franklin Street
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Multi-family
Listing Agency:
BARTLETT BENNER REALTY
(740) 654-1500
Listed By:
Grant Huthmaker
(740) 415-7178
Source:
Maryhatem
Added: Mar 26
Changed: Oct 12
Last Checked: Oct 16 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BARTLETT BENNER REALTY
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Investment Insights
Based on property information with market context.
This three-unit complex presents an investment opportunity, located within walking distance of downtown Nelsonville. Unit A, situated on the first floor, features two bedrooms and one bathroom and is currently rented for $600 per month. Unit B, located on the second floor, includes three bedrooms and one bathroom, with a potential rental income of $1,100 per month. Unit C is a two-story unit with four bedrooms, one bathroom, and over 1,300 square feet; it is currently rented for $1,300 per month. Several appliances have been upgraded across the units. The property provides off-street parking and elevated views, offering privacy and accessibility. This property is an income-generating opportunity.
Key Highlights
- Income‑generating 3‑unit complex.
- Unit C: Spacious 4‑bed, 1‑bath with 1,300+ sq. ft., currently rented at $1,300/month.
- Unit B: 3‑bed, 1‑bath with $1,100/month rental potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,491
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,820
$209.8K
Cap Rate 7%
$149,871
$149.9K
Cap Rate 9%
$116,567
$116.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$22.6K $17.40/SF
− Vacancy
−$3.5K −$2.73/SF
EGI
$19.1K $14.67/SF
− OpEx
−$8.6K −$6.60/SF
NOI
$10.5K $8.07/SF
Area
Athens County, OH
Vacancy
15.67%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,820
Cap Rate 7%
$149,871
Cap Rate 9%
$116,567
Alternative Uses
Best Use
Apartment 5plus
$149.9K
$131.1K – $174.9K
NOI $10,491 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.9K
$259.8K – $346.4K
NOI $20,783 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Explore this area
Business Placement
Demographics for 45764, OH
7,859
Population
3,525
Households
2.2
Avg Household Size
36
Median Age
12%
College-Educated
85%
High-School Grad
79.0 sq mi
ZIP Area
99
Density / Sq Mi
$47,978
Median Household Income
$31,688
Median Earnings
$761
Median Rent
$112,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-unit complex near downtown Nelsonville with income potential.
Where is this multifamily property located?
The property is located at 106 E Franklin Street Nelsonville, OH.
What is the asking price?
The asking price for this property is $209,500.
What are key features of this property?
This property features: Income‑generating 3‑unit complex.; Unit C: Spacious 4‑bed, 1‑bath with 1,300+ sq. ft., currently rented at $1,300/month.; Unit B: 3‑bed, 1‑bath with $1,100/month rental potential.
