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Updated Duplex with Oversized Garage
For Sale
Contact for pricing
Pending

506 Grand Ave, Ada, OH 45810

Two residential units feature refreshed interiors, maintained mechanical systems, and access to an oversized two-car garage.

Property SizeContact for details
Days on Market142

Property Features for 506 Grand Ave

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Gross Income $19,200

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Berkshire Hathaway HS Pro Rlty
Listed By: Jared Myers · License #2016002143
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 5:50PM

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 Berkshire Hathaway HS Pro Rlty

Investment Insights

Based on property information with market context.

This duplex contains two units, each with two bedrooms and one bathroom. Recent work includes new flooring, interior paint, a replacement roof, and updated or maintained mechanical systems. An oversized two-car garage provides additional on-site functionality.

The property is located near Ada High School and Ohio Northern University. The upstairs unit is subject to a 12-month lease ending in October 2023, while the downstairs unit is rented month to month. The configuration supports separate occupancy of each residence within one income-producing property.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
  • Updated flooring, paint, roof, and mechanical systems
  • Oversized 2‑car garage included

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Hair Salon Law Firm Building Supply Grocery & Convenience Store Food Market

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 45810, OH

7,840
Population
2,811
Households
2.8
Avg Household Size
28
Median Age
32%
College-Educated
99%
High-School Grad
65.6 sq mi
ZIP Area
120
Density / Sq Mi
$59,065
Median Household Income
$18,041
Median Earnings
$741
Median Rent
$157,500
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?
Duplex - Two residential units feature refreshed interiors, maintained mechanical systems, and access to an oversized two-car garage.
Where is this duplex located?
The property is located at 506 Grand Ave Ada, OH.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; Updated flooring, paint, roof, and mechanical systems; Oversized 2‑car garage included
More about this property
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