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257 Washington St NW - Income Producing Fully Rented 4 Plex 4 Unit Apartment Building Offered at $165,000 Warren, OH 44483

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INVESTMENT HIGHLIGHTS

Wrap Around Driveway
Covered Parking for 1 car each unit

Each Unit has own Furnace and Hot Water Tank

EXECUTIVE SUMMARY

NEW PRICE! Income Producing, FULLY RENTED 4 Plex! This income producing property has 4 units, bringing in $2750/month. Each unit has 1 bedroom, 1 bathroom, a comfortable living room and a kitchen. 3 stoves and 3 refrigerators will stay with the property. Each unit has its own furnace and hot water tank allowing for independent utility management. One furnace was just replaced Nov 2025. Tenants pay their own gas and electric. Owner pays water/sewer, common area gas and electric, and trash. The driveway wraps around the building and there are 3 carports and a 2 car detached garage. Full basement. Seller is a licensed real estate agent.

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$33,000	$10.68
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$33,000	$10.68
Taxes	$2,289	$0.74
Operating Expenses	-	-
Total Expenses	$2,289	$0.74
Net Operating Income	$30,711	$9.94

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$33,000
Annual Per SF	$10.68

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$33,000
Annual Per SF	$10.68

Taxes
Annual	$2,289
Annual Per SF	$0.74

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$2,289
Annual Per SF	$0.74

Net Operating Income
Annual	$30,711
Annual Per SF	$9.94

PROPERTY FACTS

Price	$165,000	Lot Size	0.34 AC
Price Per Unit	$41,250	Building Size	3,090 SF
Sale Type	Investment	Average Occupancy	100%
Gross Rent Multiplier	5	No. Stories	2
No. Units	4	Year Built	1895
Property Type	Multifamily Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Mid-Rise

Price	$165,000
Price Per Unit	$41,250
Sale Type	Investment
Gross Rent Multiplier	5
No. Units	4
Property Type	Multifamily Multifamily Apartments
Apartment Style	Mid-Rise
Lot Size	0.34 AC
Building Size	3,090 SF
Average Occupancy	100%
No. Stories	2
Year Built	1895
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.