Two-Unit
For Sale
$189,900
710 E Main St, Bellevue, OH 44811
Separate utility service and active leases serve both residential units.
Property Size2,152 SF
Price / SF$88.24
Days on Market23
Property Features for 710 E Main St
General Information
Standard status
Active
Size
2,152 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,664
Building Details
Year Renovated
2000
Listing Agency:
RE/MAX Quality Realty - Sandusky
(419) 627-1996
Listed By:
Francis A. Corder · License #2001006968
(419) 656-1870
Source:
Exprealty
Added: Sep 14
Changed: Oct 6
Last Checked: Oct 5 at 9:40PM
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 RE/MAX Quality Realty - Sandusky
Investment Insights
Based on property information with market context.
This 2,152-square-foot duplex contains two occupied apartments. The first-floor unit has three bedrooms and one bathroom; the second-floor unit includes two bedrooms and one bathroom. Both apartments were remodeled in 2000 and are currently under lease.
Utility service is separate for the units, and tenants pay all utilities, including water and sewer. The property is located just east of the city center in Bellevue, Ohio.
Utility service is separate for the units, and tenants pay all utilities, including water and sewer. The property is located just east of the city center in Bellevue, Ohio.
Key Highlights
- 2,152‑square‑foot duplex with two occupied, leased units
- First‑floor apartment: 3 bedrooms and 1 bathroom
- Second‑floor apartment: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,379
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,580
$347.6K
Cap Rate 7%
$248,271
$248.3K
Cap Rate 9%
$193,100
$193.1K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$34.3K $15.96/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$31.6K $14.68/SF
− OpEx
−$14.2K −$6.61/SF
NOI
$17.4K $8.08/SF
Area
Huron County, OH
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,580
Cap Rate 7%
$248,271
Cap Rate 9%
$193,100
Alternative Uses
Best Use
Multifamily LT 5
$269.6K
$235.9K – $314.6K
NOI $18,874 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$248.3K
$217.2K – $289.7K
NOI $17,379 @ 7.0% cap · market cap 9.15%
Theoretical Best
Specialty Retail
$447.3K
$391.4K – $521.8K
NOI $31,310 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 44811, OH
12,698
Population
5,658
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
92%
High-School Grad
118.3 sq mi
ZIP Area
107
Density / Sq Mi
$64,453
Median Household Income
$41,317
Median Earnings
$743
Median Rent
$156,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility service and active leases serve both residential units.
Where is this duplex located?
The property is located at 710 E Main St Bellevue, OH.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,152‑square‑foot duplex with two occupied, leased units; First‑floor apartment: 3 bedrooms and 1 bathroom; Second‑floor apartment: 2 bedrooms and 1 bathroom
