Duplex With Additional
For Sale
$165,000
946 Putnam Ave, Zanesville, OH 43701
Two occupied three-bedroom units offer an income-producing residential configuration with separate update levels.
Property Size2,300 SF
Price / SF$71.74
Days on Market67
Property Features for 946 Putnam Ave
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
does need some updating
Taxes and HOA fees
Annual Taxes
$1,248
Building Details
Buildings
1
Listing Agency:
Town & Country
(740) 454-0500
Listed By:
Tamera S Findeiss · License #2002001595
(740) 819-4103
Source:
Exprealty
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 23 at 10:24AM
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 Town & Country
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Investment Insights
Based on property information with market context.
This duplex in Zanesville includes two residential units, each arranged with three bedrooms and one bathroom. The building contains approximately 2,300 square feet. One apartment has received updates and is occupied under a lease, while the other has a long-term occupant and requires additional updating.
The property also includes the adjacent lot at 946 Putnam Ave. A house previously stood on that lot but was destroyed by fire, and the parcel transfers with the duplex. The combined offering provides an existing two-unit residential asset along with additional land under the same ownership.
The property also includes the adjacent lot at 946 Putnam Ave. A house previously stood on that lot but was destroyed by fire, and the parcel transfers with the duplex. The combined offering provides an existing two-unit residential asset along with additional land under the same ownership.
Key Highlights
- Duplex with two 3‑bedroom, 1‑bath units
- Approximately 2,300 square feet
- One unit has updates and is occupied under a lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,841
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,820
$276.8K
Cap Rate 7%
$197,729
$197.7K
Cap Rate 9%
$153,789
$153.8K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$26.8K $11.64/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$25.2K $10.94/SF
− OpEx
−$11.3K −$4.92/SF
NOI
$13.8K $6.02/SF
Area
Muskingum County, OH
Vacancy
6.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,820
Cap Rate 7%
$197,729
Cap Rate 9%
$153,789
Alternative Uses
Best Use
Multifamily LT 5
$219.4K
$191.9K – $255.9K
NOI $15,355 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$197.7K
$173.0K – $230.7K
NOI $13,841 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$499.2K
$436.8K – $582.4K
NOI $34,944 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
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Business Placement
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied three-bedroom units offer an income-producing residential configuration with separate update levels.
Where is this duplex located?
The property is located at 946 Putnam Ave Zanesville, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 1‑bath units; Approximately 2,300 square feet; One unit has updates and is occupied under a lease
