Multifamily Property with
411 E 4th Street, Port Clinton, OH 43452
For Sale
New
$349,900
Multiple Units, Port Clinton, OH
Property Size1,456 SF
Lot Size0.10 Acres
Price / SF$240.32
Days on Market3
Property Features for 411 E 4th Street
General Information
Property type
Property subtype
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Architectural style
Buildings
Listing Agency:
Weichert, Realtors-Morgan Realty Group
Listed By:
Wendy J Johnson
(419) 732-0941
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 4:06AM
MLS# 20264649
Copyright © 2026 Firelands MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 411 E 4th Street, the property comprises two buildings on two parcels totaling 0.0976 acres. The main residence has a large kitchen, two full bathrooms, a bonus room, basement storage, and an enclosed porch. A fenced yard serves the home. Vinyl siding and forced-air heat are among the building features; the property was built in 1922.
The rear building includes a one-bedroom apartment, a studio apartment, a storage area with a half bath and attic storage, and two separate one-car garages. Public water and public sewer serve the property. Downtown, shopping, dining, schools, and other area amenities are identified nearby.
The rear building includes a one-bedroom apartment, a studio apartment, a storage area with a half bath and attic storage, and two separate one-car garages. Public water and public sewer serve the property. Downtown, shopping, dining, schools, and other area amenities are identified nearby.
Key Highlights
- Two buildings on 2 parcels totaling 0.0976 acres
- Main home with two full baths, a bonus room, basement storage, enclosed porch, and fenced yard
- Rear building includes a 1‑bedroom, 1‑bath apartment and a studio apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,151
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,020
$263.0K
Cap Rate 7%
$187,871
$187.9K
Cap Rate 9%
$146,122
$146.1K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$20.1K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$18.8K $12.90/SF
− OpEx
−$5.6K −$3.87/SF
NOI
$13.2K $9.03/SF
Area
Ottawa County, OH
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,020
Cap Rate 7%
$187,871
Cap Rate 9%
$146,122
Alternative Uses
Best Use
Multifamily LT 5
$187.9K
$164.4K – $219.2K
NOI $13,151 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,169 @ 7.0% cap · market cap 3.48%
Theoretical Best
Retail
$518.9K
$454.0K – $605.4K
NOI $36,322 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
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Business Placement
Demographics for 43452, OH
13,443
Population
10,859
Households
1.2
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
46.2 sq mi
ZIP Area
291
Density / Sq Mi
$63,815
Median Household Income
$43,782
Median Earnings
$937
Median Rent
$206,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate apartments and a detached main home create multiple residential spaces on two parcels.
Where is this multifamily property located?
The property is located at 411 E 4th Street Port Clinton, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two buildings on 2 parcels totaling 0.0976 acres; Main home with two full baths, a bonus room, basement storage, enclosed porch, and fenced yard; Rear building includes a 1‑bedroom, 1‑bath apartment and a studio apartment
