Property profile

1494 Park W Ave Ontario, OH 44906

OFF-MARKET
Investment properties
Property ID
US66-2195913
3,296 SF 0.51 ac lot Built 1970
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property in Ontario, OH, presents a compelling investment opportunity. Located at 1494 Park Avenue W, this 3,296 square foot building sits on a 0.51-acre lot in a high-visibility area, ensuring excellent exposure. The property is currently fully leased, providing immediate and consistent cash flow. Two commercial units are secured with three-year leases, guaranteeing stable income for the foreseeable future. The upper level features a fully updated residential apartment, currently owner-occupied, boasting a modern kitchen, new appliances, fresh paint, and new flooring. This versatile space offers a blend of residential and commercial zoning, maximizing potential uses and rental income. Ample parking is available on-site. The combination of strong rental income from long-term leases, a desirable location, and minimal maintenance requirements makes this property an ideal investment for those seeking a low-risk, high-return opportunity. The property's size and layout offer flexibility for future expansion or adaptation to changing market demands. This is a rare chance to acquire a turnkey investment property with proven profitability and significant long-term potential. The asking price is $284,900.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1970
Total area 3,296 SF
Lot 0.51 ac (22,259 SF)
APN 027-03-132-06-000
UPID US66-2195913

Cap rate & NOI

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

Location

1494 Park W Ave Ontario, OH 44906-2719
Ontario metro Census 1400 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2025
Last sale
$284,900
7 recorded transactions
2025
Price N/A
2025
$284,900
2024
Price N/A
2023
$40,000
2022
Price N/A
2022
$120,000
2018
Price N/A

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
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