USAOHSandusky2234 Putnam Street
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2234 Putnam Street, Sandusky, OH

House

For Sale

Listed price in listed location currency (USD).
$399,700

001

MLS® 20262032

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3700 sqft
Garage Yes
Taxes $2,054
Days Active 0
Lot Size 
Approx. Age 1940
Avg. Price Per Sqft $108
MLS® Number 20262032

Property Address: 2234 Putnam Street, Sandusky, OH, 44870

Average square foot calculated using Size range provided by listing agent.

Description

Beautiful 5-unit apartment property located on the corner of E. Perkins and and Putnam just on the edge of Sandusky near Perkins Township. This well maintained investment property offers a strong rental setup with tenants paying their own electric and heat, while the owner currently pays for gas for hot water and garbage.The property features a great unit mix, including a 2-bedroom second-floor unit, a 2-bedroom first-floor unit, a 1-bedroom first-floor unit, a 1-bedroom stand-alone home, and a first-floor efficiency. This setup gives an investor multiple income streams with a variety of unit types that appeal to different rental needs.The property has been very well cared for and includes an extremely clean basement, two boilers that are approximately 2 years old, water heater that is approximately 2 years old and roof is about 10 years old with much life left. There is also a one-car garage for storage and enough off-street parking for approximately 10 cars, which is a major benefit for a multi-unit property.As it currently sits, the property offers a solid cap rate, but with a few minor adjustments, there is potential to increase the cap rate up to approximately 15.5%, making this an excellent income-producing opportunity.This property could also be an excellent owner-occupied opportunity. Live in one unit and let the rental income from the other units help pay your mortgage. Whether you are an experienced investor, a first-time investor, or someone looking to reduce your monthly housing cost, this property offers strong income potential, a convenient Sandusky location, valuable parking, updated mechanicals, and upside for future returns.
MLS® Number20262032
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1940
BasementPartial
DrivewayPaved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jan 1, 1800End Date
Not Sold YetSold Price

For Sale

Jun 1, 2026List Date
$399,700List Price
  • Commute

Commute

Starting Address
Destination Address
2234 Putnam Street, Sandusky, OH

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