Nelsonville Multifamily Investment
106 E Franklin Street Nelsonville, OH 45764
106 E Franklin Street, Nelsonville, OH, 45764
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For Sale
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Three-unit complex near downtown Nelsonville with income potential.
Property Size1,300 SF
Price / SF$174.08
Days on Market624
Property Features for 106 E Franklin Street
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1900
Listing Agency
e-Merge Real Estate
Listed by
Marquis Leatherbury · License #2023000126
Source
Crexi
Added: Nov 1, 2024 Checked: Jul 17 at 1:21 pm
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 e-Merge Real Estate
Investment Insights
Based on property information with market context.
This three-unit complex presents an investment opportunity, located within walking distance of downtown Nelsonville. Unit A, situated on the first floor, features two bedrooms and one bathroom and is currently rented for $600 per month. Unit B, located on the second floor, includes three bedrooms and one bathroom, with a potential rental income of $1,100 per month. Unit C is a two-story unit with four bedrooms, one bathroom, and over 1,300 square feet; it is currently rented for $1,300 per month. Several appliances have been upgraded across the units. The property provides off-street parking and elevated views, offering privacy and accessibility. This property is an income-generating opportunity.
Key Highlights
- Income‑generating 3‑unit complex.
- Unit C: Spacious 4‑bed, 1‑bath with 1,300+ sq. ft., currently rented at $1,300/month.
- Unit B: 3‑bed, 1‑bath with $1,100/month rental potential.
Local 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 | $22.6k | $17.40 |
| − Vacancy | −$3.5k | −$2.73 |
| EGI | $19.1k | $14.67 |
| − OpEx | −$8.6k | −$6.60 |
| NOI | $10.5k | $8.07 |
1,300 SF · lease $17.40/SF/yr · vacancy 15.67% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$149.9K
$131.1K – $174.9K
NOI $10,491 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.9K
$259.8K – $346.4K
NOI $20,783 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Historic District
Tour Operator
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Three-unit complex near downtown Nelsonville with income potential.
Where is this multifamily property located?
The property is located at 106 E Franklin Street Nelsonville, OH.
What is the asking price?
The asking price for this property is $226,300.
What are key features of this property?
This property features: Income‑generating 3‑unit complex.; Unit C: Spacious 4‑bed, 1‑bath with 1,300+ sq. ft., currently rented at $1,300/month.; Unit B: 3‑bed, 1‑bath with $1,100/month rental potential.
