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Multifamily Rental Property
For Sale
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Pending

217-221 Scott St, Sandusky, OH 44870

Five fully rented units on two parcels with paved parking and no A/C, sold as-is.

Property Size2,520 SF
Days on Market347

Property Features for 217-221 Scott St

General Information

Standard status Pending
Size 2,520 SF
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 5

Building Details

Year Built 1912
Stories 2
Units 5
Listing Agency: Russell Real Estate Services
Listed By: Russ Dickerhoff · License #OH
Source: Crexi
Added: Sep 24, 2025 Changed: Aug 8 Last Checked: Jul 24 at 3:51PM

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 Russell Real Estate Services

Investment Insights

Based on property information with market context.

This for-sale multifamily property includes 2 parcels and 5 rental units: a small one-bedroom efficiency unit, a one full bedroom unit, a three-bedroom unit upstairs, a garage unit, and a three-bedroom house. All units have 1 bath. The property is being sold “AS IS,” with no repairs by the sellers, and updating may be required. There is no A/C, and an oversized paved parking lot is located between the units.

The units are fully rented on a month-to-month basis. Out of the 5 tenants, 3 have been in place for many years, potentially close to 25 to 30 years.

The apartments are designated as a commercial property, while the three-bedroom house is under residential. The property cannot be sold under one loan unless it is a cash deal, and buyers must be qualified with a letter from their mortgage company required for both loans to schedule appointments. The seller notes that owner financing may be available to qualified buyers with a $50,000 down payment and monthly principal and interest payments for up to 3 years.

Key Highlights

  • 1912‑built property with 5 rental units across 2 property parcels
  • Unit mix includes a 1‑bedroom efficiency, 1 full bedroom unit, a 3‑bedroom upstairs unit, a garage unit, and a 3‑bedroom house
  • All 5 units are fully rented month to month

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Acupuncture Garden Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

931
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five fully rented units on two parcels with paved parking and no A/C, sold as-is.
Where is this apartment building located?
The property is located at 217-221 Scott St Sandusky, OH.
What are key features of this property?
This property features: 1912‑built property with 5 rental units across 2 property parcels; Unit mix includes a 1‑bedroom efficiency, 1 full bedroom unit, a 3‑bedroom upstairs unit, a garage unit, and a 3‑bedroom house; All 5 units are fully rented month to month
(440) 320-7777 Call to check price and availability
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