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403 N 4th St
Steubenville, OH 43952
Multifamily Property For Sale
·
18 Units
Investment Highlights
- New boiler - high-efficiency heating system installed 2023
- New Puma XL roof system, FM approved, UL790 Class A fire rating
- 140 Brand-new Energy-efficient replacement windows with flashing
Executive Summary
This is an exceptional opportunity to acquire a substantial commercial asset featuring one classic, all-brick building with 18 one-bedroom apartment units with coin-operated laundry on site. The property occupies a corner lot in a prime rental market, offering stable, consistent income potential. 140 Brand-new Energy-efficient replacement windows with flashing (2024), New Puma XL roof system, FM approved, UL790 Class A fire rating, full manufacturer and contractor warranty (2023), New boiler - high-efficiency heating system installed 2023. Most units feature refinished, renovated kitchens and refreshed bathrooms. Each unit contributes to a portfolio designed for tenant appeal, boasting classic hardwood floors and fully equipped kitchens. The location is truly unbeatable, placing tenants within minutes of Franciscan University and providing immediate, walkable access to a school, dining options, bus stops, churches, and many other essential community amenities.
Property Facts Under Contract
| Price Per Unit | $45,833 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.47% | Lot Size | 0.14 AC |
| No. Units | 18 | Building Size | 15,105 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2023 |
| Zoning | C | ||
| Price Per Unit | $45,833 |
| Sale Type | Investment |
| Cap Rate | 9.47% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 15,105 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2023 |
| Zoning | C |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Storage Space
- Heating
- Refrigerator
- Oven
- Basement
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
Property Taxes
| Parcel Number | 07-05255-000 | Improvements Assessment | $124,432 |
| Land Assessment | $4,844 | Total Assessment | $129,276 |
Property Taxes
Parcel Number
07-05255-000
Land Assessment
$4,844
Improvements Assessment
$124,432
Total Assessment
$129,276
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