7749 County Road 40 Galion, OH 44833
This exceptional investment opportunity presents a five-unit multifamily property situated on a spacious 1.79-acre lot in Galion, Ohio. The property comprises three buildings, offering a mix of rental units with varying levels of renovation. One unit within a three-unit building has undergone a complete remodel, boasting modern amenities including a high-efficiency mini-split heat pump for climate control. Another unit is ready for a buyer's personal touch, having been fully gutted and awaiting renovation. The remaining three units are also available. Built in 2000, this property is served by a well and septic system, with a water softener maintained by a third-party service. All units are equipped with air conditioning. The property's location at 7749 County Road 40, Galion, OH 44833, offers convenient access to local amenities and services. With a total lot size of 77,972.4 square feet, this property presents a significant opportunity for an investor seeking a multi-unit rental portfolio with potential for value appreciation through further renovations and property management. The asking price is $249,950, translating to $129.91 per square foot. This is a turnkey opportunity for an investor looking to add to their portfolio.
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
Similar Nearby for Lease
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.