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    708 W Chestnut St Mount Vernon, OH 43050

    For Sale
    $145,000

    Well-maintained duplex in Mount Vernon with immediate income potential.

    Property size:
    1,558 SF

    Property Features for 708 W Chestnut St

    General Information

    Size
    1,558 SF

    Building Details

    Year built
    1900

    Source: Joseph Curry Agent Joseph Curry

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

    Overview

    Mount Vernon Duplex Investment Opportunity

    This well-maintained duplex offers an investment opportunity with a lucrative income stream. The property features two units: a one-bedroom, one-bath unit renting for $650 per month, and a two-bedroom, one-bath unit renting for $800 per month. The two-bedroom unit was renovated in 2020, with updates to the kitchen and bathroom. The property is located in Mount Vernon, the county seat of Knox County in Central Ohio, an area characterized by rolling hills, expansive farmlands, and charming small towns. Mount Vernon features a historic downtown with classic architecture, boutique shops, and local eateries. The property size is 1558 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -82.4951612
    Latitude
    40.3948505

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Mount Vernon with immediate income potential.
    Where is this duplex located?
    The property is located at 708 W Chestnut St Mount Vernon, OH.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Turnkey investment property with immediate income stream.; - Duplex with two units currently rented.; - Two-bedroom unit **renovated in 2020** (kitchen and bathroom).
    (740) 485-2100
    Request Owner's contact information
    708 W Chestnut St Mount Vernon, OH 43050
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    Mount Vernon, OH 43050
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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
    708 W Chestnut St Mount Vernon, OH 43050
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