Property profile

2406 Michigan Ave Ashtabula, OH 44004

OFF-MARKET
Apartment buildings
Property ID
US66-0032565
22,400 SF 3.54 ac lot Built 1984
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1984
Construction WOOD
Total area 22,400 SF
Lot 3.54 ac (154,159 SF)
APN 68-319-00-010-01
UPID US66-0032565

Cap rate & NOI

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

Location

2406 Michigan Ave Ashtabula, OH 44004-3164
Ashtabula metro Census 601 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$925k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$925k

Owner & transaction history

since 2024
Last sale
$925,000
2 recorded transactions
2024
Price N/A
2006
$925,000

Zoning & alternative use

Top alternative use upside
Restaurant $1.5M +58.3%
Office building $1.4M +40.8%
Commercial (general) $1.3M +30.2%

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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