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    106 Franklin St Nelsonville, OH 45764

    For Sale
    $229,000

    Three-unit complex, high rental income potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional three-unit apartment building in Nelsonville, Ohio, presents a compelling investment opportunity. Located at 106 E Franklin Street, this 1900-built property boasts a desirable location, just a short walk from the downtown area. The complex comprises three distinct units: Unit A, a first-floor, two-bedroom, one-bathroom apartment currently leased at $600 per month; Unit B, a second-floor, three-bedroom, one-bathroom unit with a rental potential of $1,100 per month; and Unit C, a spacious two-story, four-bedroom, one-bathroom apartment spanning over 1,300 square feet, currently generating $1,300 in monthly rent. Several units feature upgraded appliances. The property sits on a 6,534 square foot lot and offers off-street parking, enhancing both convenience and tenant appeal. The elevated position provides added privacy and attractive views. The asking price is $229,000, translating to $84.19 per square foot. This income-producing property offers a strong return on investment and is an ideal addition to any portfolio. The property's proximity to downtown Nelsonville, Ohio (zip code 45764) ensures easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, income-generating multifamily property in a thriving Ohio community.

    Property Features for 106 Franklin St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1900
    Units
    3

    HighLights

    • $229,000 asking price.
    • Three‑unit multifamily apartment building.
    • $84.19 price per square foot.
    • Located at 106 E Franklin Street, Nelsonville, OH 45764.
    • Built in 1900, situated on a 6,534 sq ft lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Historic District Historical Landmark

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nelsonville
    County
    Athens
    State
    Ohio
    Longitude
    -82.2299372
    Latitude
    39.4618334

    Nearby Comparable

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      67 Acres Rolling Hills Retreat

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    Nearby Similar for Sale

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      Nelsonville Duplex: Investment Opportunity

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit complex, high rental income potential
    Where is this multifamily property located?
    The property is located at 106 Franklin St Nelsonville, OH.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: $229,000 asking price.; Three-unit multifamily apartment building.; $84.19 price per square foot.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    106 Franklin St Nelsonville, OH 45764
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