Sign Up Successful!
You now have access to more from Realmo!
    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

    803 W Chestnut St Mount Vernon, OH 43050

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $175,000

    Well-maintained triplex in Central Ohio with immediate income potential.

    Property size:
    2,072 SF

    Property Features for 803 W Chestnut St

    General Information

    Size
    2,072 SF

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Joseph Curry
    Source: Svn

    Listing Agent: Joseph Curry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mount Vernon Triplex Investment Opportunity

    This triplex presents an investment opportunity with three well-maintained units, each featuring one bedroom and one bathroom. The property is currently generating a total of $1,625 per month from rents of $500, $550, and $575 respectively. Located in Knox County, Central Ohio, the area offers a blend of rural tranquility and community life, characterized by rolling hills and farmlands. The county seat, Mount Vernon, features a historic downtown with architecture, shops, and local eateries. The property size is 2072 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.4957059
    Latitude
    40.3951795

    Nearby Similar for Sale

    • $499,990
      10,950 SF

      Mount Vernon Commercial Opportunity

      Unique commercial property with multiple income streams and development potential.
      310 Vine St, Mount Vernon, OH 43050
      View Details
    • $649,998
      5,920 SF

      Mount Vernon Commercial Garage Warehouse

      Commercial garage warehouse on State Route 13 with ample parking.
      800 N Sandusky St, Mount Vernon, OH 43050
      View Details
    • $179,900
      0.12 Acres

      Updated Duplex in Mount Vernon

      Move-in ready duplex, ideal for investors or owner-occupants.
      801 W Chestnut St, Mount Vernon, OH 43050
      View Details
    • $849,000
      11,000 SF

      Mount Vernon Self-Storage Investment

      11,000 SF industrial property with 61 self-storage units.
      715 North Sandusky St, Mount Vernon, OH 43050
      View Details
    • $230,000
      2,862 SF

      Mount Vernon Quadplex Investment Opportunity

      Quadplex in Mount Vernon with immediate rental income potential.
      532 E Gambier St, Mount Vernon, OH 43050
      View Details
    • $79,900
      1,198 SF

      Mount Vernon Workshop Space

      Heated 3-room workshop space suitable for various uses.
      Warden St, Mount Vernon, OH 43050
      View Details
    • $900,000
      7,104 SF

      Spacious Office Building For Sale

      7,104 SF office building on 2.621 commercial acres.
      895 Harcourt Rd, Mount Vernon, OH 43050
      View Details
    • $1,495,000

      Retail Property in Mount Vernon

      Retail property for sale in Mount Vernon, Ohio.
      945 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • $130,000
      1,382 SF

      Versatile Home with Rental Shop

      4-bedroom home with a standalone shop for rent.
      5 Marion St, Mount Vernon, OH 43050
      View Details
    • $145,000
      1,558 SF

      Mount Vernon Duplex Investment Opportunity

      Well-maintained duplex in Mount Vernon with immediate income potential.
      708 W Chestnut St, Mount Vernon, OH 43050
      View Details
    • $140,000
      1,480 SF

      Duplex with Renovated Unit

      Duplex featuring a renovated unit and detached garage.
      213 N Division St, Mount Vernon, OH 43050
      View Details
    • $369,000

      Prime Mount Vernon Development Lot

      178,596 sq ft Ohio Land - $369,000
      0 Lot B Upper Gilchrist Rd, Mount Vernon, OH 43050
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex in Central Ohio with immediate income potential.
    Where is this triplex located?
    The property is located at 803 W Chestnut St Mount Vernon, 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: - Lucrative investment opportunity with immediate income potential.; - Triplex featuring three well-maintained units.; - Currently generating $1,625 per month in rental income.
    (614) 800-1802
    Request Owner's contact information
    803 W Chestnut St Mount Vernon, OH 43050
    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.
    803 W Chestnut St
    Mount Vernon, OH 43050
    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
    803 W Chestnut St Mount Vernon, OH 43050
    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

    We can help!
    Listing Contact
    Joseph Curry
    Real Estate License ID: #2015001037
    (614) 800-1802
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.