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Building Details

Building Size 2,816 SF

Year Built 1900

Stories 2

Listing Agency: BHHS Koehler Realty

Listed By: Kim Leeper Show Phone

Source: Kw

Added: Feb 26 Changed: Oct 15 Last Checked: Oct 14 at 8:33PM

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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 BHHS Koehler Realty

Investment Insights

Based on property information with market context.

Built in 1900, this four-unit residential income property includes updated electrical and plumbing systems, replacement windows installed approximately 3 years ago, and a mix of baseboard, forced-air, and window-unit heating and cooling. The upper apartments share a furnace, while landlord-owned appliances include 3 refrigerators and 4 ranges. Current rent includes all utilities.

The property also features a 560 square foot barn-style garage with a loft, half-concrete and half-stone flooring, and connected water, natural gas, electricity, and sewer service. The garage is not available for tenant use. The property is occupied, and showings require 24-hour notice.

Key Highlights

• Four‑unit property built in 1900
• Updated electrical and plumbing systems
• Replacement windows approximately 3 years old

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,817

Cap Rate

9.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,340 $516.3K

Cap Rate 7%

$368,814 $368.8K

Cap Rate 9%

$286,856 $286.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,816 SF

Gross rent

$49.0K $17.40/SF

− Vacancy

−$2.1K −$0.73/SF

EGI

$46.9K $16.67/SF

− OpEx

−$21.1K −$7.50/SF

NOI

$25.8K $9.17/SF

Area

Hancock County, OH

Vacancy

4.20%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,340

Cap Rate 7%

$368,814

Cap Rate 9%

$286,856

Alternative Uses

Best Use

Multifamily LT 5

$413.1K

$361.4K – $481.9K (±1% cap)

NOI $28,915 @ 7.0% cap · market cap 10.15%

Second Best

Apartment 5plus

$368.8K

$322.7K – $430.3K (±1% cap)

NOI $25,817 @ 7.0% cap · market cap 9.06%

Theoretical Best

Specialty Retail

$785.5K

$687.3K – $916.4K (±1% cap)

NOI $54,983 @ 7.0% cap · market cap 19.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Locksmith Home Appliance Store Travel Agency Electrical Service

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

4

Residential units

Location Intelligence

Trade Area within ½ mile

1,121

Businesses Nearby

Explore this area Business Placement

Demographics for 45840, OH

54,901

Population

25,396

Households

2.2

Avg Household Size

40

Median Age

33%

College-Educated

95%

High-School Grad

166.5 sq mi

ZIP Area

330

Density / Sq Mi

$64,076

Median Household Income

$42,546

Median Earnings

$934

Median Rent

$203,800

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?

Quadplex - Tenant-occupied four-unit property with connected utilities and landlord-owned appliances.

Where is this quadplex located?

The property is located at 527 W Sandusky Street Findlay, OH.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: Four‑unit property built in 1900; Updated electrical and plumbing systems; Replacement windows approximately 3 years old