432 Washington StSandusky, OH 44870

For Sale
$1,599,000

16-Unit Apartment Building, 100% Occupancy

Overview

Added:
Feb 13
Days on market:
29
This exceptional investment opportunity presents a 16-unit apartment building located in the heart of Sandusky, Ohio, at 432 E Washington St and 433 E Adams St, zip code 44870. The property boasts a prime location, just steps from Sandusky's vibrant waterfront, shops, restaurants, and entertainment venues. This multifamily complex offers a compelling blend of immediate income and significant long-term potential. Twelve of the sixteen units have been fully upgraded, featuring modern finishes and updated systems, ensuring immediate occupancy and strong rental income. The building, constructed in 1945 and 1975, features a mix of brick and vinyl siding and an asphalt parking lot. The property sits on a full city block, providing flexible development potential for creative reimagining or expansion. A buildable lot is included, adding further value to this already attractive investment. The surrounding neighborhood is experiencing high-value growth, with new homes valued over $1 million. Furthermore, the city has invested millions in infrastructure improvements, including a scenic bike trail, a lush grass median, and brand-new streets, significantly enhancing the area's appeal and desirability. The asking price for this exceptional 100% occupied property is $1,599,000. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a rapidly appreciating area.

Highlights

  • $1,599,000 asking price for a 16-unit apartment building in Sandusky, OH.
  • 100% occupancy.
  • 12 of 16 units recently upgraded with modern finishes.
  • Prime downtown Sandusky location near shops, restaurants, and the waterfront.
  • Full-block frontage with flexible development potential, including a buildable lot.
  • Surrounded by high-value homes and benefiting from recent city infrastructure improvements.

Property Details for 432 Washington St

Property type
Multifamily properties, Apartment buildings
Buildings
1
Units
16

Location Insight

City
Sandusky
County
Erie
State
Ohio
Latitude
41.4568172
Longitude
-82.7047133
432 Washington St, Sandusky, Ohio

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432 Washington St
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