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Four-Unit Apartment Building

309 S 3rd St, Racine, OH 45771

For Sale
$189,000

Four separate apartments have individual bathrooms and a mix of bedroom configurations.

Property SizeContact for details
Days on Market24

Property Features for 309 S 3rd St

General Information

Standard status Active
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence opportunities for cosmetic improvements

Units

Unit Mix 2 x 2BR, 1 x 1BR, 1 x studio
Multifamily Units 4
Individually Metered Utilities electricity, heating

Additional Details

Gross Income $29,100
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $993

Building Details

Buildings 1
Listing Agency: Cleland Realty inc.
Listed By: Holly Deem
Source: Exprealty
Added: Oct 15 Changed: Nov 4 Last Checked: Nov 6 at 10:12AM

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 Cleland Realty inc.

Rey
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Investment Insights

Based on property information with market context.

This apartment property contains four units: two two-bedroom apartments, one one-bedroom apartment, and one studio. Each unit has a separate bathroom. Electrical boxes have been updated, and the building includes functional living areas with scope for cosmetic updates.

Utility responsibilities are divided between tenants and ownership. Residents pay for their own electricity and heating, while water, sewer, and trash are covered by the owner.

Key Highlights

  • Four apartments: two 2‑bedroom units, one 1‑bedroom unit, and one studio
  • A separate bathroom is included in each apartment
  • Electrical boxes have been updated

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

77
Businesses Nearby

Demographics for 45771, OH

3,408
Population
1,748
Households
1.9
Avg Household Size
45
Median Age
16%
College-Educated
93%
High-School Grad
61.4 sq mi
ZIP Area
56
Density / Sq Mi
$41,711
Median Household Income
$41,578
Median Earnings
$715
Median Rent
$149,100
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?
Quadplex - Four separate apartments have individual bathrooms and a mix of bedroom configurations.
Where is this quadplex located?
The property is located at 309 S 3rd St Racine, OH.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom units, one 1‑bedroom unit, and one studio; A separate bathroom is included in each apartment; Electrical boxes have been updated
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