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Prime Athens Multifamily Redevelopment Opportunity

253 W Union St, Athens, OH 45701

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For Sale

$900,000

MULTI_FAMILY - Athens, OH

Property size:

6,746 SF

Price / SF:

$133/SF

HighLights

Two existing curb cuts off W Union St and ATO; property is reported to be out of the floodplain
Four adjacent properties included: 253, 255, 257, and 259 W Union St
Central air and forced‑air natural gas heating
Carpet and linoleum flooring
Shingle roof; built in 1900
Coordinates provided: -82.11176, 39.329353

We can help!

Listing Contact

Dan Abdella

For Sale

$900,000

MULTI_FAMILY - Athens, OH

Property size:

6,746 SF

Price / SF:

$133/SF

Added:: May 2, 2026
Days on Market:: 44
Last Refresh:: Jun 14 at 12:06 am

Property Features for 253 W Union St

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Multi-Family
Bedrooms: 12
Bathrooms: 6
Rooms: Bathroom 6, Bedroom 11, Bathroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 9, Bedroom 12, Bathroom 4, Bedroom 8, Bathroom 5, Bedroom 5, Bedroom 10, Bedroom 1
Interior features: Flooring- Carpet, Flooring- Linoleum
Standard status: Active
APN: A027250001800, 1900,
Size: 6,746 SF

Taxes and HOA fees

Tax Annual Amount: 11350

Utilities

Heating system: Forced Air, Natural Gas
Cooling system: Central Air

Building Details

Year built: 1900
Number of units: 4
Roof type: Shingle
Architectural style: Other

We can help!

Listing Contact

Dan Abdella

Listing agent Dan Abdella License #0000441791

Listing office e-Merge Real Estate 386 Richland Ave, Pickerington, OH

Listing date May 2, 2026

MLS# 2434848 Listing URL

Copyright © 2026 Athens County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Two existing curb cuts off W Union St and ATO; property is reported to be out of the floodplain
Four adjacent properties included: 253, 255, 257, and 259 W Union St
Central air and forced‑air natural gas heating
Carpet and linoleum flooring
Shingle roof; built in 1900
Coordinates provided: -82.11176, 39.329353

Overview

This offering presents an investment and redevelopment opportunity featuring four adjacent properties located in a desirable area of Athens, Ohio. The properties are situated within walking distance of the Ohio University campus, offering close proximity to the campus, historic Court Street, and the OhioHealth O'Bleness Hospital complex. The location also provides access to the city bus line, making it suitable for tenants or redevelopment plans. Encompassing 6,746 square feet, the properties are zoned for multi-family use and are not located in a floodplain. The site benefits from two existing curb cuts off Union Street and ATO. The properties are positioned for long-term rental income with improvements or a complete tear-down and new construction, subject to city permits. Opportunities to acquire multiple side-by-side properties near campus and uptown Athens are rare, presenting a chance to invest, reimagine, or redevelop in a sought-after area.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$99.6k	$14.76
− Vacancy	−$14.8k	−$2.20
EGI	$84.7k	$12.56
− OpEx	−$25.4k	−$3.77
NOI	$59.3k	$8.79

6,746 SF · lease $14.76/SF/yr · vacancy 14.89% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$847.4K

$741.5K – $988.7K (±1% cap)

NOI $59,321 @ 7.0% cap · market cap 6.59%

Second Best

Apartment 5plus

$777.8K

$680.5K – $907.4K (±1% cap)

NOI $54,443 @ 7.0% cap · market cap 6.05%

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,847 @ 7.0% cap · market cap 11.98%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Athens
County: Athens
State: Ohio
Longitude: -82.1117593
Latitude: 39.3293525

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For sale
Quadplexes
OH
Athens
45701
253 W Union St

What type of property is this?

Quadplex - Four adjacent properties near Ohio University with redevelopment potential.

Where is this quadplex located?

The property is located at 253 W Union St Athens, OH.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Two existing curb cuts off W Union St and ATO; property is reported to be out of the floodplain; Four adjacent properties included: 253, 255, 257, and 259 W Union St; Central air and forced‑air natural gas heating

253 W Union St, Athens, OH 45701

MULTI_FAMILY - Athens, OH

Property Features for 253 W Union St

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Athens Duplex: Investment Opportunity

Residential Income Triplex with Cottages

Mixed-Use Commercial Investment Package

Duplex Near Ohio University

Duplex Near Ohio University

Established Roadhouse Bar and Restaurant

Build-to-Suit Specialty Commercial Space

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