269 New St Mount Sterling, OH 43143
This charming two-unit apartment building, located at 269 New Street in Mount Sterling, Ohio, presents a compelling investment opportunity. Built in 1930, this property sits on a sizable 7,405.2 square foot lot and offers a total of two units, each featuring two bedrooms and one bathroom. The asking price is $190,000, translating to a price per square foot of $111.37. Currently, the units are occupied by month-to-month tenants with no formal leases in place, providing flexibility for the new owner. This property is ideal for both seasoned investors looking to expand their portfolio and first-time investors seeking a house hack opportunity. The property's location in Mount Sterling, Madison County, Ohio (zip code 43143) offers convenient access to local amenities and services. The property's age and size present a unique opportunity for renovation and value enhancement, allowing for potential increased rental income. This is a rare chance to acquire a well-situated multifamily property in a desirable Ohio location. The property's current status offers immediate income potential and the possibility for long-term growth. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.