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22 Fairlawn Avenue, 
Glouster, OH 45732

$175,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Allison Lee

Athens Real Estate Co

740-589-4600

Last updated:

April 16, 2025, 02:42 PM

MLS#

225001509

Source:

OH CBR

About This Home

22 Fairlawn Avenue

Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-BR units renting for $700 each and one 1-BR unit renting for $480. The property has been carefully maintained, including a complete top-to-bottom remodel of two units in 2021—everything from subflooring to light fixtures was replaced—and the addition of a new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the option to expand by purchasing the neighboring triplex at 18 North, also for sale!

Home Facts

Multi-Family

Built in 1900

Price Summary

175,000

MLS #:

225001509

Last Updated:

April 16, 2025, 02:42 PM

Added:

4 month(s) ago


Structure

Structure

Year Built:

1900


Lot

Lot Size (Sq. Ft):

6,098


Finances & Disclosures

Finances

Price:

$175,000

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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