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Updated Multifamily Investment Opportunity
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732 N State Route 61, Sunbury, OH 43074

Three updated rental properties on one parcel near amenities.

Property SizeContact for details
Days on Market819

Property Features for 732 N State Route 61

General Information

Standard status Active
Property subtype Mixed Use, Land

Building Details

Year Built 1880
Listing Agency: Red 1 Realty
Listed By: Kara Barnhart · License #2002001232
Source: Crexi
Added: Jun 6, 2024 Changed: Aug 25 Last Checked: Aug 28 at 6:38PM

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 Red 1 Realty

Investment Insights

Based on property information with market context.

This property presents an investment opportunity with three fully updated, rented properties situated on a single parcel. A pond enhances the property's appeal. The location provides convenient access to parks, schools, shopping, and freeways. The property includes a two-story home with 4 bedrooms and 2.5 bathrooms, a studio, and a ranch-style home with 3 bedrooms and 2 bathrooms. There is a possibility of a lot split and commercial zoning through Berkshire Township. Additionally, the seller is open to selling the adjacent property at 770 State Route 61.

Key Highlights

  • Three fully updated, rented properties on one parcel providing a steady income stream.
  • Excellent location: close to parks, schools, shopping, and freeways.
  • Includes a 2‑story home (4 bed, 2.5 bath), a studio, and a ranch (3 bed, 2 bath).

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

146
Businesses Nearby

Demographics for 43074, OH

15,288
Population
6,204
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
96%
High-School Grad
85.2 sq mi
ZIP Area
179
Density / Sq Mi
$109,541
Median Household Income
$54,041
Median Earnings
$1,563
Median Rent
$396,600
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?
Multifamily property - Three updated rental properties on one parcel near amenities.
Where is this multifamily property located?
The property is located at 732 N State Route 61 Sunbury, OH.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Three fully updated, rented properties on one parcel providing a steady income stream.; Excellent location: close to parks, schools, shopping, and freeways.; Includes a 2‑story home (4 bed, 2.5 bath), a studio, and a ranch (3 bed, 2 bath).
More about this property
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