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Property view

516 Franklin Street, 
Sandusky, OH 44870

$179,900


Bed


Bath


2,492

Sq Ft


Multi-Family

Active

Listed by

Jeffrey S Smith

Berkshire Hathaway HomeServices Pro. - Sandusky

jeffshomes55@gmail.com

Last updated:

June 21, 2025, 03:31 PM

MLS#

20252256

Source:

OH FMLS

About This Home

516 Franklin Street

Great Investment Opportunity - Updated Stone Duplex with Strong Rental Income. Don't miss out on this downtown Sandusky duplex offering excellent cash flow and long-term stability. The lower unit features 3 spacious bedrooms and is rented for $1,200/month. Upper unit includes 2 bedrooms,2 Baths and rents for $995/month. Both units were tastefully updated about 5 years ago and have been well maintained. These desirable units are easy to rent and currently occupied with Section 8 tenants. Tenants pay their own electric. Owner is responsible for water, gas, and garbage. With a net annual income of just under $18,000, this property delivers an attractive 10% cap rate at current rents. Whether you're expanding your portfolio or looking for your first multifamily investment, this property is a solid choice. Seller is selling portfolio of 3 SFR's and 2 Duplexes. If interested in the entire portfolio, more properties could be added.

Home Facts

Multi-Family

Built in 1896

Price Summary

179,900

$72 per Sq. Ft.

MLS #:

20252256

Last Updated:

June 21, 2025, 03:31 PM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

2,492 Sq. Ft.


Structure

Structure

Building Area:

2,492 Sq. Ft.

Year Built:

1896


Lot

Lot Size (Sq. Ft):

5,148


Finances & Disclosures

Finances

Price:

$179,900

Price per Sq. Ft:

$72 per Sq. Ft.

Source:OH FMLS
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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.