202 Gay St Plain City, OH 43064
This exceptional investment opportunity presents a charming, two-story brick building located at 202 Gay Street in Plain City, Ohio, 43064. The property encompasses a total of approximately 4,188 square feet on a 6,534 square foot lot and consists of four apartment units, currently vacant. The main building, a two-story structure, offers approximately 3,168 square feet, currently configured as three apartments. A separate two-story coach house, totaling approximately 1,020 square feet, comprises the fourth unit. Both buildings are situated on a single parcel and are being sold together in "as-is" condition. The property, zoned B3 Commercial, is ideally located within Plain City's business district and falls within the Jonathan Alder School District. While requiring some renovations, this property offers significant upside potential for a savvy investor. The asking price is $475,000, translating to $113.42 per square foot. Built in 1900, the property includes an attractive backyard. This is a rare chance to acquire a multifamily property with commercial zoning in a desirable Ohio location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.