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5753 Main St 3 Unit Apartment Building $279,900 ($93,300/Unit) Sylvania, OH 43560
Investment Highlights
- Triplex investment property with three residential units.
- Located within walking distance to retail, restaurants, and entertainment venues.
- Zoned B-3, allowing for future commercial redevelopment opportunities.
- Includes a three-car garage and large surface parking area.
- Situated in the Sylvania Red Bird District and DORA area, enhancing tenant appeal.
- Convenient access to US 23/I-475 and close to the Michigan border.
Executive Summary
This triplex property is located in the heart of Downtown Sylvania, Ohio, along Main Street just north of Monroe Street. Positioned within the Sylvania Red Bird entertainment district and DORA area, the property offers proximity to retail, dining, and healthcare services, making it an attractive investment opportunity. The site is less than one mile from US 23/I-475 and just south of the Michigan border, providing convenient regional access.
The building consists of three residential units: two one-bedroom/one-bath units and one two-bedroom/one-bath unit. Additional features include a three-car garage and ample surface parking on a large 0.43-acre lot. Zoned B-3, the property allows for future commercial redevelopment potential, adding long-term value for investors. This asset can be purchased individually or as part of a larger portfolio of properties in Downtown Sylvania.
The building consists of three residential units: two one-bedroom/one-bath units and one two-bedroom/one-bath unit. Additional features include a three-car garage and ample surface parking on a large 0.43-acre lot. Zoned B-3, the property allows for future commercial redevelopment potential, adding long-term value for investors. This asset can be purchased individually or as part of a larger portfolio of properties in Downtown Sylvania.
Property Facts
| Price | $279,900 | Building Class | C |
| Price Per Unit | $93,300 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 2,092 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1870 |
| Property Subtype | Apartment | Parking Ratio | 6.21/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $279,900 |
| Price Per Unit | $93,300 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 2,092 SF |
| No. Stories | 2 |
| Year Built | 1870 |
| Parking Ratio | 6.21/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 82-03531 | Improvements Assessment | $45,220 |
| Land Assessment | $8,575 | Total Assessment | $53,795 |
Property Taxes
Parcel Number
82-03531
Land Assessment
$8,575
Improvements Assessment
$45,220
Total Assessment
$53,795
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