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CHESTNUT ROW HOUSE 603 Chestnut St 9 Unit Apartment Building $985,000 ($109,444/Unit) 5.46% Cap Rate Coshocton, OH 43812

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INVESTMENT HIGHLIGHTS

  • HARDWOOD FLOORS AND WOODWORK
  • GREAT CHARACTER AND CHARM
  • NEWLY REMODELED

EXECUTIVE SUMMARY

Fully Reimagined Historic Rowhouse Apartment Complex – Prime Investment Opportunity!!!
This stunning row house apartment complex has been completely rehabilitated from top to bottom, featuring all new mechanical systems and a total of nine beautifully updated apartment residences that blend modern efficiency with timeless character.
The front duplex facing Chestnut Street includes a spacious three-bedroom upper unit and a two-bedroom lower unit. Along North 6th Street, you’ll find six impressive brownstone-style townhomes, each offering three full stories, a walk-up attic, and a full basement with 7-foot ceilings, providing exceptional storage and usable space rarely found in comparable properties. Additionally, the property includes a two-bedroom basement apartment with a private walk-out entrance located at the alley end of the building.
Each residence showcases original hardwood floors and preserved woodwork, thoughtfully complemented by fully updated electrical, plumbing, and HVAC systems. All units are equipped with new central air conditioning, new furnaces, and new water heaters, ensuring low maintenance and long-term reliability. The result is a seamless blend of updated amenities with old-world charm and elegance that today’s tenants value highly.
Five of the nine units are currently occupied by long-term tenants, providing immediate cash flow. Leases and rent rolls are available for review.
Parking is conveniently located across the street, where an additional duplex may be included in the sale for an added price, or parking lots may be leased from the current owners with no issues.
This is a turn-key, income-producing asset offering scale, character, and modern infrastructure—ideal for investors seeking both stability and upside in a highly desirable urban setting.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $985,000
Price Per Unit $109,444
Sale Type Investment
Cap Rate 5.46%
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.25 AC
Building Size 13,298 SF
Average Occupancy 55%
No. Stories 2
Year Built/Renovated 1880/2024

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer Hookup
  • Heating
  • Crown Molding
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Sunroom
  • Walk-In Closets
  • Attic
  • Basement
  • Dining Room
  • Handrails
  • Porch
  • Large Bedrooms

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Furnished Units Available
  • Recycling
  • Trash Pickup - Curbside
  • Storage Space
  • Individual Locking Bedrooms
  • Private Bathroom
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 3 $995.00 1,000
3+1 4 $1,195 1,200

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04300-003-442-00
Land Assessment
$17,160
Improvements Assessment
$51,070
Total Assessment
$68,230
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 38928693

  • Date on Market: 12/30/2025

  • Last Updated:

  • Address: 603 Chestnut St, Coshocton, OH 43812

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