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Property profile & analytics
OFF-MARKET
Apartment buildings

106 Franklin St Nelsonville, OH 45764

Built 1900
Property ID
Property summary
AI-generated overview

This exceptional three-unit apartment building in Nelsonville, Ohio, presents a compelling investment opportunity. Located at 106 E Franklin Street, this 1900-built property boasts a desirable location, just a short walk from the downtown area. The complex comprises three distinct units: Unit A, a first-floor, two-bedroom, one-bathroom apartment currently leased at $600 per month; Unit B, a second-floor, three-bedroom, one-bathroom unit with a rental potential of $1,100 per month; and Unit C, a spacious two-story, four-bedroom, one-bathroom apartment spanning over 1,300 square feet, currently generating $1,300 in monthly rent. Several units feature upgraded appliances. The property sits on a 6,534 square foot lot and offers off-street parking, enhancing both convenience and tenant appeal. The elevated position provides added privacy and attractive views. The asking price is $229,000, translating to $84.19 per square foot. This income-producing property offers a strong return on investment and is an ideal addition to any portfolio. The property's proximity to downtown Nelsonville, Ohio (zip code 45764) ensures easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, income-generating multifamily property in a thriving Ohio community.

Property profile
Verified
Property type Apartment buildings
Year built 1900
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Historic District Tour Operator
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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