Property profile

616-618 Main St Wellsville, OH 43968

OFF-MARKET
Apartment buildings
0.07 ac lot Built 1930
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a five-unit multi-family property ideally situated in the heart of downtown Wellsville, Ohio. Comprising two buildings located at 616-618 Main Street, this property sits on a conveniently sized 0.07-acre lot. All five units are currently occupied, providing immediate and consistent rental income. The long-term tenancy of several residents speaks to the property's desirability and stability. This translates to a reliable and predictable cash flow for the investor. The walkable downtown location offers tenants easy access to local amenities, further enhancing the property's appeal and minimizing vacancy risk. The property's established history and consistent occupancy make it an attractive investment for those seeking a stable and profitable addition to their portfolio. This is a turnkey opportunity with existing tenants in place, requiring minimal management overhead. The asking price for this well-maintained, income-generating property is $115,000. This represents a compelling value proposition in the current market, offering a strong return on investment. Serious inquiries are encouraged to explore this promising opportunity further. The property is offered as-is.

Property profile

Verified
Property type Apartment buildings
Year built 1930
Lot 0.07 ac (3,049 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

616-618 Main St Wellsville, OH 43968
Wellsville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 616-618 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message