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    169 Mill St Athens, OH 45701

    Sponsored
    For Sale
    $1,400,000

    Prime Athens location, 2 units, high growth potential

    Property size:
    1,651 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.334-acre property at 169-175 Mill St, Athens, OH 45701, presents a unique investment opportunity. The 1,651 square foot, single-story, Class B apartment building, built in 1950, currently features two rental units, generating immediate income. The property boasts a highly desirable location near the Stimson Avenue roundabout and the South Green entrance to Ohio University, placing it within easy reach of Jackie O's Brewery, the bike path, various retail establishments, restaurants, and large student housing complexes. Zoned R-3 for multi-family housing and also for manufacturing with numerous permitted uses (verify with the City Code office), this property offers significant potential for redevelopment and expansion. The large lot size provides ample space for future development, capitalizing on the booming growth in this high-demand area. This is a rare opportunity to acquire a substantial in-town parcel with excellent access and high potential for future returns. The property's APN is A027070000700, A027070000800. Don't miss this chance to secure a piece of Athens' thriving real estate market.

    Property Features for 169 Mill St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,651 SF
    Class
    B
    Lot Size
    58,109 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    1

    HighLights

    • $1,400,000 asking price.
    • Multifamily apartment building, Class B.
    • 1,651 square feet, 1 building, 1 story.
    • 1.334‑acre lot, built in 1950.
    • Located at 169 Mill St, Athens, OH 45701 (APN: A027070000700, A027070000800).
    • Currently includes two rental units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Athens
    State
    Ohio
    Longitude
    -82.0934573
    Latitude
    39.3293225

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    FAQs

    What type of property is this?
    Multifamily property - Prime Athens location, 2 units, high growth potential
    Where is this multifamily property located?
    The property is located at 169 Mill St Athens, OH.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price.; Multifamily apartment building, Class B.; 1,651 square feet, 1 building, 1 story.
    Request Owner's contact information
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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
    169 Mill St Athens, OH 45701
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