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4-Unit Multifamily Property
For Sale
$425,000

1618 Mcdonough Street, Sandusky, OH 44870

Two homes contain four apartments, including a vacant four-bedroom unit.

Property Size4,666 SF
Price / SF$91.08
Days on Market9

Property Features for 1618 Mcdonough Street

General Information

Standard status Active
Size 4,666 SF
Property subtype Residential Income

Financials

Asking Price $425,000
Gross Income $30,000

Additional Details

Multifamily Units 4
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,030

Building Details

Buildings 2
Listing Agency: Berkshire Hathaway HomeServices Pro. - Sandusky
Listed By: Jeffrey S. Smith · License #2016001649
Source: Exprealty
Added: Oct 19 Changed: Oct 27 Last Checked: Oct 27 at 4:20AM

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 Berkshire Hathaway HomeServices Pro. - Sandusky

Rey
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Investment Insights

Based on property information with market context.

This 4,666-square-foot multifamily property consists of two homes with four apartments. The unit mix includes a three-bedroom lower apartment and a two-bedroom upper apartment at 1618 McDonough Street, plus a three-bedroom upper apartment and a vacant four-bedroom lower apartment at 1622 McDonough Street. Concrete work has been completed in selected areas.

Three units are occupied by long-term tenants. Residents pay their own gas and electric, while the owner covers water and garbage. The property is located on McDonough Street in Sandusky, Ohio.

Key Highlights

  • Two homes configured as four residential units
  • 4,666 square feet
  • Unit mix includes two-, three-, and four‑bedroom apartments

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

693
Businesses Nearby

Demographics for 44870, OH

40,416
Population
19,991
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
90%
High-School Grad
60.7 sq mi
ZIP Area
666
Density / Sq Mi
$58,797
Median Household Income
$36,056
Median Earnings
$863
Median Rent
$148,600
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Two homes contain four apartments, including a vacant four-bedroom unit.
Where is this multifamily property located?
The property is located at 1618 Mcdonough Street Sandusky, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two homes configured as four residential units; 4,666 square feet; Unit mix includes two-, three-, and four‑bedroom apartments
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