169 Mill St Athens, OH 45701
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.