12-Unit Multifamily Apartment
For Sale
$499,000
5148 MILAN Avenue, Norwalk, OH 44857
Twelve apartments, mostly one-bedroom units, with in-unit ranges and refrigerators, plus two-zone boiler heating and hot water tanks.
Property SizeContact for details
Days on Market524
Property Features for 5148 MILAN Avenue
General Information
Standard status
Active
Property subtype
General Commercial
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$3,232
Amenities
3
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
RE/MAX Quality Realty
(419) 627-1996
Listed By:
Sandus
(419) 609-9993
Source:
Xome
Added: Apr 2, 2025
Changed: Sep 2
Last Checked: Sep 7 at 6:08AM
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 RE/MAX Quality Realty
Investment Insights
Based on property information with market context.
This 12-unit apartment building features a mix of mostly one-bedroom units and a few efficient apartments. Each unit is equipped with its own range and refrigerator, with 12 of each provided. The building also includes two-zone boiler heating and dual 250-gallon hot water tanks.
The property is located near shopping and everyday conveniences, and the remarks note that many long-term tenants are already in place.
From an operating standpoint, the unit amenities and heating/hot water systems are already established, supporting a stabilized rental setup as presented in the listing.
The property is located near shopping and everyday conveniences, and the remarks note that many long-term tenants are already in place.
From an operating standpoint, the unit amenities and heating/hot water systems are already established, supporting a stabilized rental setup as presented in the listing.
Key Highlights
- 12‑unit apartment building (mostly 1‑bedroom units) in Norwalk, OH
- Each unit includes its own range and refrigerator (12 of each)
- Two‑zone boiler heating system
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 44857, OH
23,619
Population
10,579
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
93%
High-School Grad
81.6 sq mi
ZIP Area
289
Density / Sq Mi
$62,227
Median Household Income
$42,100
Median Earnings
$795
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve apartments, mostly one-bedroom units, with in-unit ranges and refrigerators, plus two-zone boiler heating and hot water tanks.
Where is this apartment building located?
The property is located at 5148 MILAN Avenue Norwalk, OH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 12‑unit apartment building (mostly 1‑bedroom units) in Norwalk, OH; Each unit includes its own range and refrigerator (12 of each); Two‑zone boiler heating system
