$179,900

516 Franklin St Sandusky, OH 44870

Estimated payment $1,118/month

Total Views 2,147
-- Bed
-- Bath
2,492 Sq Ft
$72 Price per Sq Ft

Highlights

  • Brick or Stone Mason
  • Heating System Uses Natural Gas
  • 1-minute walk to Huron Park

About This Home

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.

Listing Agent

Jeff Smith

BHHS Professional Realty License #2016001649 Listed on: 06/19/2025

BHHS Professional Realty

Co-Listing Agent

Default zSystem

zSystem Default

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 1896

Lot Details

  • 5,149 Sq Ft Lot
  • Lot Dimensions are 39 x 132

Home Design

  • Duplex
  • Brick or Stone Mason

Interior Spaces

  • 2,492 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number 5601113000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,440
  • Gross Income $26,340
  • Net Operating Income $17,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,591

Year Built

Built in 1896

Lot Details

0

Listing Details

  • PropertySubType: Duplex
  • PropertyType: Residential Income
  • Lot Size Acres: 0.1182
  • Total Gross Income: 26340
  • MLS Status: Active
  • ResoBuildingAreaSource: Public Records
  • Carport Y N: No
  • Living Area: 2492
  • Year Built: 1896
  • Master Plan Zoning: R2F Two-Family Residential
  • Financial Info Electric: 100 Amp Service
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement YN: Yes

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stone
  • Foundation Details: Basement

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Paved, Off Street, Shared Driveway

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas, Hot Water
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Schools

  • Junior High Dist: Sandusky

Lot Info

  • Lot Dimensions: 39 x 132
  • Lot Size Sq Ft: 5148.792
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 5601113000

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 17900
  • Annual Operating Expense: 8440

Tax Info

  • Tax Annual Amount: 1590.84

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $1,591 $40,389 $3,272 $37,117
2023 $1,591 $39,430 $2,565 $36,865
2022 $2,000 $39,441 $2,565 $36,876
2021 $666 $13,010 $2,570 $10,440
2020 $779 $14,000 $2,570 $11,430
2019 $1,727 $30,170 $2,570 $27,600
2018 $1,728 $30,170 $2,570 $27,600
2017 $1,779 $30,950 $3,340 $27,610
2016 $1,950 $30,950 $3,340 $27,610
2015 $1,789 $30,950 $3,340 $27,610
2014 $1,786 $30,950 $3,340 $27,610
2013 $1,777 $30,950 $3,340 $27,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 For Sale $179,900 +349.8% $72 / Sq Ft
03/13/2020 03/13/20 Sold $40,000 -52.4% $16 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
03/27/2019 03/27/19 For Sale $84,000 -- $34 / Sq Ft
Source: Firelands Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $90,000 --
Warranty Deed $80,000 Southern Title Of Ohio Ltd
No Value Available -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner -- No Value Available
Source: Public Records

Source: Firelands Association of REALTORS®

MLS Number: 20252256

APN: 56-01113-000

Ohio Erie County Sandusky 44870

516 Franklin St, Sandusky, OH

This home is located at 516 Franklin St, Sandusky, OH 44870 and is currently priced at $179,900, approximately $72 per square foot. This property was built in 1896. 516 Franklin St is a home located in Erie County with nearby schools including Sandusky High School, Monroe Preparatory Academy, and Sandusky Central Catholic School.

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Jeff Smith
Listing Agent
Jeff Smith
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BHHS Professional Realty
(419) 963-4832