Four-Unit Residential Income
For Sale
$269,000
723 N Main St, Findlay, OH 45840
Quadplex with owner-paid water, sewer, trash, and select gas service; tenants pay their own electric and cable/internet.
Property Size2,550 SF
Price / SF$105.49
Days on Market30
Property Features for 723 N Main St
General Information
Standard status
Active
Size
2,550 SF
Total Parking Spaces
4
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Unlimited Results Rlty
(419) 348-5015
Listed By:
Debra Cole · License #367167
(419) 348-5015
Source:
Exprealty
Added: Jul 3
Changed: Jul 31
Last Checked: Jul 31 at 5:40PM
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 Unlimited Results Rlty
Investment Insights
Based on property information with market context.
This 2,550-square-foot quadplex includes four residential units with varied configurations and utility responsibilities. The front Apt A includes a stove, refrigerator, built-in microwave, electric baseboard heat, recently replaced carpet, and a partial bath update. Apt C is an upstairs 2-bedroom unit with a kitchen and living room, newer flooring in portions of the unit, and owner-supplied refrigerator and range. The rear unit is separate, with its own gas and electric service. Modern electric panels are located in the basement.
The property is located at 723 N Main St in Findlay, OH. The owner pays water, sewer, and trash for all units, as well as gas for the main building supplying hot water to Apt A, Apt C, and Apt U. Tenants pay their own electric and cable/internet. The property also includes four garage stalls, with stalls 2 and 3 equipped with openers. Residential leases are structured on one-year terms with renewal notice requirements.
The property is located at 723 N Main St in Findlay, OH. The owner pays water, sewer, and trash for all units, as well as gas for the main building supplying hot water to Apt A, Apt C, and Apt U. Tenants pay their own electric and cable/internet. The property also includes four garage stalls, with stalls 2 and 3 equipped with openers. Residential leases are structured on one-year terms with renewal notice requirements.
Key Highlights
- 2,550‑square‑foot quadplex at 723 N Main St, Findlay, OH
- Four residential units with separate rear‑unit gas and electric service
- Apt C is a 2‑bedroom upstairs unit with kitchen and living room
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $17.40 |
| − Vacancy | −$1.9k | −$0.73 |
| EGI | $42.5k | $16.67 |
| − OpEx | −$19.1k | −$7.50 |
| NOI | $23.4k | $9.17 |
2,550 SF · lease $17.40/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.1K
$327.3K – $436.4K
NOI $26,184 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$334.0K
$292.2K – $389.7K
NOI $23,379 @ 7.0% cap · market cap 8.69%
Theoretical Best
Specialty Retail
$711.3K
$622.4K – $829.8K
NOI $49,789 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
194
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with owner-paid water, sewer, trash, and select gas service; tenants pay their own electric and cable/internet.
Where is this quadplex located?
The property is located at 723 N Main St Findlay, OH.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 2,550‑square‑foot quadplex at 723 N Main St, Findlay, OH; Four residential units with separate rear‑unit gas and electric service; Apt C is a 2‑bedroom upstairs unit with kitchen and living room
