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389-391 E 2nd St 4 Unit Apartment Building $199,000 ($49,750/Unit) Chillicothe, OH 45601
Investment Highlights
- Four one-bedroom, one-bathroom residential units provide diversified income potential.
- Located near the Bridge Street retail and restaurant corridor.
- Established neighborhood setting with access to downtown Chillicothe amenities.
- Long-term ownership reflects approximately 20 years of consistent property stewardship.
- Shared front porch enhances the property's residential appeal.
- Turnkey multifamily investment opportunity with existing residential configuration.
Executive Summary
Opportunity knocks with this well-maintained multi-family duplex located in the desirable 45601 area of Chillicothe, Ohio. Close to lots of restaurants on bridge street. Offering a total of four 1-bedroom, 1-bathroom units, this property spans 3,020 square feet. Each unit is thoughtfully laid out making it ideal for long-term tenants. The property features a shared front porch, perfect for relaxing and enjoying the neighborhood vibe. Owned and cared for by the same landlord for the past 20 years, this building has been consistently maintained and is a true turnkey investment. Whether you're a seasoned investor or just entering the rental market, this property presents an outstanding opportunity for consistent rental income and low maintenance ownership.
Property Facts
| Price | $199,000 | Apartment Style | Low-Rise |
| Price Per Unit | $49,750 | Building Class | C |
| Sale Type | Investment | Building Size | 3,020 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment |
| Price | $199,000 |
| Price Per Unit | $49,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 3,020 SF |
| No. Stories | 2 |
| Year Built | 1910 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 30-54-19-049.000 | Improvements Assessment | $59,050 |
| Land Assessment | $4,800 | Total Assessment | $63,850 |
Property Taxes
Parcel Number
30-54-19-049.000
Land Assessment
$4,800
Improvements Assessment
$59,050
Total Assessment
$63,850
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389-391 E 2nd St