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    1524 State St Steubenville, OH 43952

    For Sale
    Contact for pricing

    Two-unit apartment building, great potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This charming 1920s two-unit apartment building located at 1524 State Street in Steubenville, Ohio, presents a unique investment opportunity for savvy buyers. Situated on a 1,742.4 square foot lot, this property is priced at $15,000, translating to $9.83 per square foot. The building requires completion of an existing remodel. This presents multiple exit strategies for the investor, including finishing the renovations and then either selling the property, renting out both units for rental income, or occupying one unit while renting the other. The property is being sold "as is," allowing for flexibility in the renovation process and ultimate use. The address is 1524 State Street, Steubenville, OH 43952. This property is a multifamily building, specifically classified as a duplex/triplex/quadruplex. The building's age and location offer a blend of character and potential for significant return on investment. The property is ready for an investor to add their personal touch and realize the full potential of this promising investment. This is a fantastic opportunity for those seeking a hands-on project with multiple potential outcomes.

    Property Features for 1524 State St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1920
    Units
    2

    HighLights

    • Asking price: $15,000.
    • Multifamily property with two units.
    • Apartment building, classified as a duplex/triplex/quadruplex.
    • Price per square foot: $9.83.
    • Built in 1920.
    • Lot size: 1,742.4 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Steubenville
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.6292879
    Latitude
    40.3614238

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    FAQs

    What type of property is this?
    Multifamily property - Two-unit apartment building, great potential.
    Where is this multifamily property located?
    The property is located at 1524 State St Steubenville, OH.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: Asking price: $15,000.; Multifamily property with two units.; Apartment building, classified as a duplex/triplex/quadruplex.
    Request Owner's contact information
    1524 State St Steubenville, OH 43952
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    Steubenville, OH 43952
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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
    1524 State St Steubenville, OH 43952
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