1415 Central Ave Sandusky, OH 44870
Estimated payment $1,802/month
Highlights
- 18,160 Acre Lot
- Brick or Stone Mason
- Forced Air Heating System
- 5 Car Detached Garage
About This Home
Stabilized 4-unit multifamily asset in a proven Sandusky rental corridor, offering a strong in-place tenant base with clear value-add upside. The property features a balanced unit mix and long-term tenancy, supporting consistent cash flow with reduced turnover risk.Unit 1 (Lease Exp 04/30/2027) is a large 2 bedroom (potential 3rd), 1.5 bath unit occupying the full first floor, with private basement access and in-unit laundry hookup. This unit is supported by a 10+ year tenant who actively monitors the property and includes two garage spaces, an uncommon amenity for the market.Units 2 and 3 (Lease Exp 03/31/27) are 1 bed, 1 bath units with established tenancy (2021 and recently renewed lease entering year 3). Unit 4 is a 2 bed, 1 bath that will be vacated late May, presenting an immediate opportunity to capture market rent or pursue an owner-occupant strategy.Owner pays all utilities except cable/internet. Agent related to Seller. 48 hour min. notice required for showings. Showings will be coordinated with multiple buyers to reduce tenant disruption.
Co-Listing Agent
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,492
Year Built
- Built in 1910
Lot Details
- 18,160 Acre Lot
Parking
- 5 Car Detached Garage
- Carport
- Garage Door Opener
- Shared Driveway
- Open Parking
Home Design
- Brick or Stone Mason
Interior Spaces
- 2-Story Property
- Range
Basement
- Partial Basement
- Sump Pump
- Laundry in Basement
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 5800592000
Community Details
Overview
- 4 Units
- Scranton‘S Survey West Subdivision
Building Details
- Operating Expense $13,766
- Gross Income $44,730
- Net Operating Income $30,964
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,492 | $89,519 | $6,356 | $83,163 |
| 2024 | $3,492 | $89,519 | $6,356 | $83,163 |
| 2023 | $3,526 | $57,893 | $5,141 | $52,752 |
| 2022 | $2,934 | $57,893 | $5,141 | $52,752 |
| 2021 | $2,962 | $57,890 | $5,140 | $52,750 |
| 2020 | $3,235 | $58,640 | $5,140 | $53,500 |
| 2019 | $3,327 | $58,640 | $5,140 | $53,500 |
| 2018 | $3,330 | $58,640 | $5,140 | $53,500 |
| 2017 | $3,568 | $62,650 | $6,220 | $56,430 |
| 2016 | $3,567 | $62,650 | $6,220 | $56,430 |
| 2015 | $3,226 | $62,650 | $6,220 | $56,430 |
| 2014 | $3,207 | $62,650 | $6,220 | $56,430 |
| 2013 | $3,175 | $62,650 | $6,220 | $56,430 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $285,000 | +100.7% | -- | |
| 10/13/2020 10/13/20 | Sold | $142,000 | -29.0% | $36 / Sq Ft | View Prior Sale |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- | |
| 07/21/2020 07/21/20 | For Sale | $199,999 | -- | $51 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Fiduciary Deed | -- | Hartung Title | |
| Quit Claim Deed | -- | None Available | |
| Survivorship Deed | $142,000 | Fidelity National Ttl Co Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $106,500 | New Conventional |
Source: Firelands Association of REALTORS®
MLS Number: 20261276
APN: 58-00592-000
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Ask me questions while you tour the home.