Two-Unit Duplex with Extra
For Sale
$165,000
946 Putnam Avenue, Zanesville, OH 43701
ResidentialIncome, Zanesville, OH
Property Size2,300 SF
Lot Size0.29 Acres
Price / SF$71.74
Days on Market52
Property Features for 946 Putnam Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Off Street, Driveway, Alley
Elementary school district
Zanesville CSD - 6006
Middle school district
Zanesville CSD - 6006
High school district
Zanesville CSD - 6006
Directions
Just past Dollar General on Putnam Ave
Standard status
Active
APN
81-06-02-16-000
Size
2,300 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1248
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1901
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Town & Country
(740) 454-0500
Listed By:
Tamera S Findeiss · License #2002001595
(740) 819-4103
Added: Aug 17
Changed: Sep 12
Last Checked: Oct 7 at 2:06PM
MLS# 5236726
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,300-square-foot duplex contains two three-bedroom, one-bath residences. One apartment has received updates, while the other has had the same tenant for 9 years and needs some updating. Both units are currently rented, and the updated apartment is subject to a lease.
The property includes a 0.29-acre additional lot beside the duplex. A house formerly stood on that lot and was destroyed by fire; the lot transfers with the property. Built in 1901, the duplex features vinyl siding, fiberglass and asphalt roofing, forced-air natural gas heat, public water, and public sewer. Parking is available through off-street spaces, a driveway, and alley access.
The property includes a 0.29-acre additional lot beside the duplex. A house formerly stood on that lot and was destroyed by fire; the lot transfers with the property. Built in 1901, the duplex features vinyl siding, fiberglass and asphalt roofing, forced-air natural gas heat, public water, and public sewer. Parking is available through off-street spaces, a driveway, and alley access.
Key Highlights
- Two 3‑bedroom, 1‑bath apartments
- 2,300 square feet in the duplex
- Additional 0.29‑acre lot included with the property
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and one bathroom, with one unit updated and the other requiring some updating.
Where is this duplex located?
The property is located at 946 Putnam Avenue 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: Two 3‑bedroom, 1‑bath apartments; 2,300 square feet in the duplex; Additional 0.29‑acre lot included with the property
