Five-Unit Apartment Building

194 E Emmitt Ave, Waverly, OH 45690

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For Sale

$525,000

Five residential units with multiple heat and electric heating systems, full basement, and on-site parking with month-to-month tenancies.

Property size:

7,500 SF

Price / SF:

$70/SF

HighLights

Five residential units: 4 in the main building plus a 5th apartment in a 24x24 back building
Full basement for the property
On‑site parking in the back lot
Tenancies are month‑to‑month for all tenants
Main building has 2 heat pumps and 2 electric furnaces
Back building has a heat pump and an electric furnace; owner pays utilities

We can help!

Listing Contact

Diane Carnes

Learn more

For Sale

$525,000

Five residential units with multiple heat and electric heating systems, full basement, and on-site parking with month-to-month tenancies.

Property size:

7,500 SF

Price / SF:

$70/SF

Added:: Apr 1, 2026
Days on Market:: 78
Last Refresh:: Jun 16 at 2:38 am

Property Features for 194 E Emmitt Ave

General Information

Standard status: Active
Size: 7,500 SF

We can help!

Listing Contact

Diane Carnes

Listing agent Diane Carnes

Listing office ERA Martin & Associates (C)

Listing date Apr 1, 2026

Source Exprealty

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 ERA Martin & Associates (C)

HighLights

Five residential units: 4 in the main building plus a 5th apartment in a 24x24 back building
Full basement for the property
On‑site parking in the back lot
Tenancies are month‑to‑month for all tenants
Main building has 2 heat pumps and 2 electric furnaces
Back building has a heat pump and an electric furnace; owner pays utilities

Overview

This income property includes five apartments total, with four large units in the main building and a fifth apartment in a separate 24-by-24 building located at the back of the lot. The property has a full basement and lots of parking in the rear. In the main building, there are two heat pumps and two electric furnaces, and the back building is served by a heat pump and an electric furnace.

Located at 194 E Emmitt Ave in Waverly, OH, the layout separates the main building units from the additional back-unit structure while maintaining consolidated access on the same site. Tenants are currently on a month-to-month basis.

For buyers looking for a manageable small multifamily setup, the combination of five units, rear parking, and a mix of heating systems provides flexibility for day-to-day operations. The owner pays utilities, which may simplify budgeting for a new owner. With month-to-month tenancies in place, the property may offer practical short-term leasing flexibility compared with longer fixed-term arrangements.

Location Intelligence

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Local Demand

City: Waverly
County
State: Ohio
Longitude: -82.9845234
Latitude: 39.1272374

For sale
Apartment buildings
OH
Waverly
45690
194 E Emmitt Ave

What type of property is this?

Apartment building - Five residential units with multiple heat and electric heating systems, full basement, and on-site parking with month-to-month tenancies.

Where is this apartment building located?

The property is located at 194 E Emmitt Ave Waverly, OH.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Five residential units: 4 in the main building plus a 5th apartment in a 24x24 back building; Full basement for the property; On‑site parking in the back lot