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516 Franklin Street, Sandusky, OH 44870

Local realty services provided by:CENTURY 21 Bolte Real Estate
516 Franklin Street,Sandusky, OH 44870
$165,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jeffrey s smith
Office: berkshire hathaway homeservices pro. - sandusky
MLS#:20252256
Source:OH_FMLS

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Price summary

  • Price:$165,000

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.

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Home facts

  • Year built:1896
  • Listing ID #:20252256
  • Added:239 day(s) ago
  • Updated:February 15, 2026 at 07:26 AM

Structure and exterior

  • Year built:1896

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$165,000
  • Tax amount:$1,591

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