19-Unit Apartment
5319 S Dixie Highway, Cridersville, OH 45806
For Sale
$995,000
Residential Income, Cridersville, OH
Property Size9,032 SF
Price / SF$110.16
Days on Market48
Property Features for 5319 S Dixie Highway
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
window A/C
electric heat
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
CCR Realtors · Real Living
(419) 222-0555
Listed By:
Joseph Guagenti
(419) 230-5050
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 7 at 11:06PM
MLS# 311702
Copyright © 2026 West Central Association 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.
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Investment Insights
Based on property information with market context.
The 19-unit apartment property contains 9,032 square feet and was built in 1921, with remodeling completed in 1994. Its floorplans include studios, one-bedroom/one-bathroom units, and two-bedroom/one-bathroom units. Seven apartments are furnished, while 12 are used for long-term rentals. Select interiors have been renovated. The brick building has window air-conditioning units and electric heat, with off-street parking.
Located at 5319 S Dixie Highway in Cridersville, the property is served by public water and public sewer. The unit mix and rental configurations are complemented by a combination of furnished and long-term occupancy.
Located at 5319 S Dixie Highway in Cridersville, the property is served by public water and public sewer. The unit mix and rental configurations are complemented by a combination of furnished and long-term occupancy.
Key Highlights
- 19 apartments across studio, one‑bedroom/one‑bathroom, and two‑bedroom/one‑bathroom layouts
- 9,032 square feet; built in 1921 and remodeled in 1994
- 7 furnished units and 12 long‑term units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,900
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,000
$1.4M
Cap Rate 7%
$998,571
$998.6K
Cap Rate 9%
$776,667
$776.7K
Market Conditions
NOI Build-Up for 9,032 SF
Gross rent
$140.9K $15.60/SF
− Vacancy
−$13.8K −$1.53/SF
EGI
$127.1K $14.07/SF
− OpEx
−$57.2K −$6.33/SF
NOI
$69.9K $7.74/SF
Area
Allen County, OH
Vacancy
9.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,000
Cap Rate 7%
$998,571
Cap Rate 9%
$776,667
Alternative Uses
Best Use
Apartment 5plus
$998.6K
$873.8K – $1.17M
NOI $69,900 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,284 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
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Business Placement
Demographics for 45806, OH
11,238
Population
4,792
Households
2.3
Avg Household Size
45
Median Age
26%
College-Educated
95%
High-School Grad
62.5 sq mi
ZIP Area
180
Density / Sq Mi
$82,160
Median Household Income
$50,883
Median Earnings
$972
Median Rent
$189,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A mix of furnished and long-term units offers two rental configurations within the same property.
Where is this apartment building located?
The property is located at 5319 S Dixie Highway Cridersville, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 19 apartments across studio, one‑bedroom/one‑bathroom, and two‑bedroom/one‑bathroom layouts; 9,032 square feet; built in 1921 and remodeled in 1994; 7 furnished units and 12 long‑term units
