Property Description

Turnkey duplex investment with immediate cash flow in Sandusky! This fully occupied 2-unit property features a 2BR/1BA lower unit and 1BR/1BA upper unit, both with recently renewed leases, providing stable, day-one income.Current net operating income of $25,392 annually delivers strong returns, and at the current list price of $149,900, the property projects an approximate 16+ cap rate - a rare opportunity for both new and seasoned investors.Owner currently pays upper electric along with entire building water, gas, and trash, offering clear upside through expense optimization and increased long-term yield.Proven rental history, strong tenant demand, and a convenient location near downtown amenities make this an ideal addition to any portfolio or a great entry point for investors seeking immediate cash flow with future upside. Owner is licensed agent in Ohio.

903 Franklin Street | MLS# 20261659

This multi-family property located at 903 Franklin Street, Sandusky, OH 44870 is currently listed for sale with an asking price of $149,900. Franklin Street is located within the Sandusky school district. Search Sandusky real estate on 5103brocaderoadse.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Fuel Type: Electric

Heating: Baseboard

Home Style: 2 Story

Lot Size: 0.08 Acres

Stories: 2.0

Taxes: $592

Year Built: 1930

Feature Descriptions

Exterior: Stucco

Lot Dimensions: 0.0773 Acre(s)

Parking Notes: Off Street

Sewer: Public Sewer

Water: Public

Local Schools

School District: Sandusky

Demographics

Erie County Demographic Information for 903 Franklin Street, Sandusky, OH 44870

Fips

Fips Code 39043

Population

2020 to 2025 Change down 3.1%

2010 Count 77,079

2020 Count 75,622

2025 Estimate (V2025) 73,296

2020 Estimate (V2025) 75,619

Age Distribution (Years Old)

0 to 4 4.4%

5 to 17 19.2%

18 to 64 51.6%

65 and Older 24.8%

Gender

Male 49.3%

Female 50.7%

Place of Birth

Foreign 2.1%

US 97.9%

Education

High School Graduate, Age 25+ 93.2%

Bachelor's Degree or Higher, Age 25+ 29.0%

Computer and Internet use

Households with a computer 93.9%

Households with a broadband Internet subscription 88.3%

Language

English is Second Language, Age 5+ 3.7%

English is First Language, Age 5+ 96.3%

Veterans

Veterans 4,548

Income

Per Capita Income $40,578

Median Household Income $71,993

People in Poverty 13.1%

Commute

Average Work Commute Time 22 minutes

Housing

Total Housing Units 38,514

Households 32,482

Average Household Size 2.22

Owner-Occupied 71.9%

Multi-Family 18.9%

Owner-Occupied Median Value $199,700

Median selected monthly owner costs -with a mortgage $1,374

Median selected monthly owner costs -without a mortgage $567

Median gross rent $933

Building Permits

New Private Housing Issued 2024 113

Years at Residence

1 Year or More 89.7%

Less Than 1 Year 10.3%

Business and Employment

Private non-farm Establishments 1,802

Private non-farm Employment 32,249

Private non-farm Employment Growth up 0.5%

Nonemployer Establishments 5,359

Number of Firms 1,265

Business Production

Value of Shipments $2,100,909,000

Wholesale Trade $866,902,000

Retail Trade $1,243,980,000

Retail Sales Per Capita $14,037

Accommodation and Food Services $344,313,000

Land

Land Area 251.56 sq. miles

Population Per Square Mile 307

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 862.90 per month $769.84 Principal & Interest $49.33 Property Tax $43.72 Homeowner's Insurance

Change Payment Information

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903 Franklin StreetSandusky, OH 44870