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71 W Washington Street, 
Athens, OH 45701

$295,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Melissa Prebe

Bob W Prebe

Uptown Realty Group

740-590-4882

Last updated:

July 24, 2025, 05:34 PM

MLS#

225026206

Source:

OH CBR

About This Home

71 W Washington Street

Attention Investors! No matter how you approach the valuation of this property, you arrive to the same conclusion: You can purchase this below-market property right now, invest a little capital, market immediately (and there are tons of anxious, prospective renters in the market right now) and profit! This five unit multi-family dwelling has four single units and one three occupant unit. Let me walk you through the valuation... estimate a conservative gross potential income of $42,000, subtract operating expenses, property tax and insurance premium and you end up with a net operating income of over $25,000. After applying locally appropriate cap rate, the valuation you end up with is 25% higher than this list price! This is an opportunity for a seasoned investor to add to their portfolio or for a newer investor to start. This property is currently vacant, but has an active rental permit with Athens Code Enforcement for a total occupancy of seven.

Home Facts

Multi-Family

Built in 1900

Price Summary

295,000

MLS #:

225026206

Last Updated:

July 24, 2025, 05:34 PM

Added:

16 day(s) ago


Structure

Structure

Year Built:

1900


Lot

Lot Size (Sq. Ft):

6,969


Finances & Disclosures

Finances

Price:

$295,000

Source:OH CBR
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Coldwell Banker Quest shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.