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6 Farview Ave 20 Unit Apartment Building Offered at $2,499,999 Lebanon, OH 45036
Investment Highlights
- Two-bedroom, 1.5-bath two-level layouts
- Located just blocks from charming downtown Lebanon
- Ten units already renovated
- Fully leased with stable, long-term tenants
- In-unit laundry hookups in every unit
- Tenants pay their own utilities, keeping expenses low
Executive Summary
Rare opportunity to acquire a 20-unit townhome community in the desirable Lebanon, Ohio market. Located just blocks from charming downtown Lebanon, the property features spacious two-level townhome layouts with in-unit laundry hookups. Tenants pay their own utilities, resulting in very low operating expenses for the owner. Ten units have already been renovated, with long-term tenancy in place and a clear path to increasing rents to market in a highly supply-constrained area. A compelling value-add opportunity in a strong, stable location.
See attached financials.
See attached financials.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$225,000
|
$22.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,017
|
$1.30
|
| Effective Gross Income |
$211,983
|
$21.20
|
| Taxes |
$13,562
|
$1.36
|
| Operating Expenses |
$42,993
|
$4.30
|
| Total Expenses |
$56,555
|
$5.66
|
| Net Operating Income |
$155,428
|
$15.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $225,000 |
| Annual Per SF | $22.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $13,017 |
| Annual Per SF | $1.30 |
| Effective Gross Income | |
|---|---|
| Annual | $211,983 |
| Annual Per SF | $21.20 |
| Taxes | |
|---|---|
| Annual | $13,562 |
| Annual Per SF | $1.36 |
| Operating Expenses | |
|---|---|
| Annual | $42,993 |
| Annual Per SF | $4.30 |
| Total Expenses | |
|---|---|
| Annual | $56,555 |
| Annual Per SF | $5.66 |
| Net Operating Income | |
|---|---|
| Annual | $155,428 |
| Annual Per SF | $15.54 |
Property Facts
| Price | $2,499,999 | Lot Size | 2.53 AC |
| Price Per Unit | $125,000 | Building Size | 17,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Price | $2,499,999 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Lot Size | 2.53 AC |
| Building Size | 17,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 20 | - | - |
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Property Taxes
| Parcel Number | 12-06-380-026 | Total Assessment | $282,840 (2024) |
| Land Assessment | $37,140 (2024) | Annual Taxes | $13,562 ($0.80/SF) |
| Improvements Assessment | $245,700 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
12-06-380-026
Land Assessment
$37,140 (2024)
Improvements Assessment
$245,700 (2024)
Total Assessment
$282,840 (2024)
Annual Taxes
$13,562 ($0.80/SF)
Tax Year
2025
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Prestige Properties
6 Farview Ave
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