Three-Unit Residential Income
640 Jefferson Street Greenfield, OH 45123
For Sale
$50,000
Three-unit triplex with one unit nearly rent-ready and two units needing light cosmetic updates for stabilization.
Property Size2,193 SF
Price / SF$22.80
Days on Market114
Property Features for 640 Jefferson Street
General Information
- Standard status
- Active
- Size
- 2,193 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1920
Listing Agency:
Keller Williams Greater Cols
(614) 312-0883
Listed By:
Ginson D Speich · License #2011000184
(614) 312-0883
Source:
Compass
Added: Apr 2
Changed: Jul 10
Last Checked: Jul 23 at 9:43AM
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 Keller Williams Greater Cols
Investment Insights
Based on property information with market context.
This is a three-unit residential income property (triplex) with a mix of readiness levels. According to the seller, one unit is nearly rent-ready, while the other two require light cosmetic improvements to bring them to a more lease-ready condition.
The property is located in Greenfield, Ohio at 640 Jefferson Street. It is being offered for sale as an opportunity to address the remaining interior updates and align the units with the rent targets described in the listing.
For investors and owner-operators seeking a straightforward value-add model, the current condition provides a clear, practical path to stabilization. The listing notes market rent support of approximately $600 per month per unit, which would translate to roughly $1,800 per month in combined gross potential once fully stabilized. It also cites conservative expense assumptions and a potential mid-to-high teens cap rate range, depending on final operating costs and lease-up outcomes. Overall, this is a three-unit portfolio addition focused on completing cosmetic work and moving the property toward full rent performance.
The property is located in Greenfield, Ohio at 640 Jefferson Street. It is being offered for sale as an opportunity to address the remaining interior updates and align the units with the rent targets described in the listing.
For investors and owner-operators seeking a straightforward value-add model, the current condition provides a clear, practical path to stabilization. The listing notes market rent support of approximately $600 per month per unit, which would translate to roughly $1,800 per month in combined gross potential once fully stabilized. It also cites conservative expense assumptions and a potential mid-to-high teens cap rate range, depending on final operating costs and lease-up outcomes. Overall, this is a three-unit portfolio addition focused on completing cosmetic work and moving the property toward full rent performance.
Key Highlights
- Three‑unit triplex (3 units total) with one unit nearly rent‑ready and two units needing light cosmetic updates
- Year built: 1920
- Market rents cited at approximately $600/month per unit
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit triplex with one unit nearly rent-ready and two units needing light cosmetic updates for stabilization.
Where is this triplex located?
The property is located at 640 Jefferson Street Greenfield, OH.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Three‑unit triplex (3 units total) with one unit nearly rent‑ready and two units needing light cosmetic updates; Year built: 1920; Market rents cited at approximately $600/month per unit
