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Property profile

169 Mill St Athens, OH 45701

FOR SALE
Residential income homes
Property ID
US66-3548625
1,651 SF 0.59 ac lot Built 1950
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.334-acre property at 169-175 Mill St, Athens, OH 45701, presents a unique investment opportunity. The 1,651 square foot, single-story, Class B apartment building, built in 1950, currently features two rental units, generating immediate income. The property boasts a highly desirable location near the Stimson Avenue roundabout and the South Green entrance to Ohio University, placing it within easy reach of Jackie O's Brewery, the bike path, various retail establishments, restaurants, and large student housing complexes. Zoned R-3 for multi-family housing and also for manufacturing with numerous permitted uses (verify with the City Code office), this property offers significant potential for redevelopment and expansion. The large lot size provides ample space for future development, capitalizing on the booming growth in this high-demand area. This is a rare opportunity to acquire a substantial in-town parcel with excellent access and high potential for future returns. The property's APN is A027070000700, A027070000800. Don't miss this chance to secure a piece of Athens' thriving real estate market.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1950
Total area 1,651 SF
Lot 0.59 ac (25,613 SF)
APN A02-70700008-00
UPID US66-3548625

Cap rate & NOI

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

Location

169 Mill St Athens, OH 45701
Athens metro Census 973901 ATHENS, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2015
2 recorded transactions
2015
$1.2M
2012
$340,000

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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