305 N Broadway Street, Spencerville, OH 45887
Local realty services provided by:CENTURY 21 The Gene Group
305 N Broadway Street,Spencerville, OH 45887
$199,000
- 4 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tim stanford
Office: superior plus realtors
MLS#:309292
Source:OH_WCAR
Price summary
- Price:$199,000
About this home
High-Yield Investment Opportunity! Secure an immediate high-return addition to your portfolio with this versatile three-unit rental property. This well maintained property is an absolute powerhouse for income seekers, generating nearly $30,000 in annual net income through its established rental history. Ideally suited for a long-term ''buy and hold'' strategy, and uniquely features permissive industrial zoning, providing a rare layer of flexibility and long-term land value that is difficult to find in standard residential investments.
The primary structure is substantial, offering a spacious 1,283 square feet on the first floor and 909 square feet on the upper level. Currently configured as a three-unit rental, the layout includes four bedrooms and three full bathrooms. Tenants will appreciate the varied outdoor living spaces, including a 281-square-foot open masonry porch, multiple wood decks, and two enclosed porches.
In addition to the main units, the property includes a 360-square-foot detached frame garage that offers secure in-demand storage for tenants. This is a prime opportunity to acquire a cash-flowing asset, with industrial zoning that paves the way for future growth and specialized use cases in the heart of Spencerville....
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Home facts
- Listing ID #:309292
- Added:184 day(s) ago
- Updated:July 30, 2026 at 03:27 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air, Natural Gas
Structure and exterior
- Architectural Style:2 Story
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$199,000
- Tax amount:$1,540
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