Property Description

Outstanding investment opportunity in the heart of Prospect, Ohio! Come and see these 4, well-maintained, separate ranch-style rental units. Each building features 960 sq ft of living space, 2 bedrooms, 1 bath, dinette area, laundry room, living room, kitchen and an attached 1-car garage. Built on approximately 0.7 acres and overlooks the Scioto River. A new roof was installed on unit 305 1/2 in 2024. All units are currently rented to long term tenants and current rent is below market value. This is an excellent income property for the savvy investor.

305 N Elm Street | MLS# 226011982

This multi-family property located at 305 N Elm Street, Prospect, OH 43342 is currently listed for sale with an asking price of $419,000. N Elm Street is located within the ELGIN LOCAL school district. Search Prospect real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Cooling: Central Air

Days on Market: 23

Heating: Forced Air

Lot Size: 0.71 Acres

Taxes: $7,026

Year Built: 1989

Feature Descriptions

Parcel #: 270020001600

Parking: Garage Door Opener

Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available

Local Schools

School District: ELGIN LOCAL

Demographics

Marion County Demographic Information for 305 N Elm Street, Prospect, OH 43342

Fips

Fips Code 39101

Population

2020 to 2025 Change down 0.4%

2010 Count 66,501

2020 Count 65,359

2025 Estimate (V2025) 65,115

2020 Estimate (V2025) 65,353

Age Distribution (Years Old)

0 to 4 5.1%

5 to 17 20.9%

18 to 64 54.8%

65 and Older 19.2%

Gender

Male 53.8%

Female 46.2%

Place of Birth

Foreign 1.5%

US 98.5%

Education

High School Graduate, Age 25+ 89.3%

Bachelor's Degree or Higher, Age 25+ 14.7%

Computer and Internet use

Households with a computer 93.2%

Households with a broadband Internet subscription 86.8%

Language

English is Second Language, Age 5+ 3.8%

English is First Language, Age 5+ 96.2%

Veterans

Veterans 4,019

Income

Per Capita Income $30,260

Median Household Income $59,371

People in Poverty 16.0%

Commute

Average Work Commute Time 25 minutes

Housing

Total Housing Units 27,362

Households 24,683

Average Household Size 2.41

Owner-Occupied 67.5%

Multi-Family 14.8%

Owner-Occupied Median Value $156,800

Median selected monthly owner costs -with a mortgage $1,259

Median selected monthly owner costs -without a mortgage $500

Median gross rent $864

Building Permits

New Private Housing Issued 2024 41

Years at Residence

1 Year or More 88.2%

Less Than 1 Year 11.8%

Business and Employment

Private non-farm Establishments 1,051

Private non-farm Employment 20,917

Private non-farm Employment Growth up 0.3%

Nonemployer Establishments 3,389

Number of Firms 960

Business Production

Value of Shipments $3,584,954,000

Wholesale Trade $375,060,000

Retail Trade $812,004,000

Retail Sales Per Capita $11,252

Accommodation and Food Services $103,682,000

Land

Land Area 403.76 sq. miles

Population Per Square Mile 165

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,837.43 per month $2,129.73 Principal & Interest $585.50 Property Tax $122.21 Homeowner's Insurance

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305 N Elm StreetProspect, OH 43342