1035 1st St Sandusky, OH 44870
Estimated payment $38,997/month
About This Home
A rare opportunity to acquire a large, assembled real estate portfolio spanning 50+ parcels comprised of 36 single-family homes and 11 multifamily properties (87 units) throughout downtown Sandusky, Ohio. This collection of properties creates a substantial footprint across the city's core residential neighborhoods, all within close proximity to the waterfront, downtown business district, and major travel corridors.Offered as a single package, the portfolio provides immediate scale, geographic density, and operational efficiency that would be extremely difficult to replicate through individual purchases.The properties currently generate $76,435 in monthly rental income, with documented market rents supporting approximately $88,100 per month. This reflects an estimated $140,000+ in annual income potential through rent normalization alone. Many leases are at-will or below market, offering a clear path to increased revenue without major renovations.This is a value-add opportunity driven by management and positioning.Beyond current cash flow, the concentration and location of these parcels offer long-term flexibility for future infill, redevelopment potential, or strategic hold as downtown Sandusky continues to benefit from ongoing waterfront and community improvements. This offering combines immediate income with control of a significant residential presence in a highly desirable lakefront market.See Attached Brochure for details.
Co-Listing Agent
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Property Details
Home Type
- Multi-Family
Home Design
Basement
- Crawl Space
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- 87 Units
Listing and Financial Details
- Assessor Parcel Number PARCEL ID NOT FOUND
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,229 | $31,496 | $2,061 | $29,435 |
| 2023 | $1,292 | $26,855 | $2,425 | $24,430 |
| 2022 | $1,430 | $26,851 | $2,425 | $24,426 |
| 2021 | $1,374 | $26,860 | $2,430 | $24,430 |
| 2020 | $1,201 | $21,570 | $2,430 | $19,140 |
| 2019 | $1,234 | $21,570 | $2,430 | $19,140 |
| 2018 | $1,236 | $21,570 | $2,430 | $19,140 |
| 2017 | $855 | $23,990 | $3,150 | $20,840 |
| 2016 | $855 | $23,990 | $3,150 | $20,840 |
| 2015 | $772 | $23,990 | $3,150 | $20,840 |
| 2014 | $767 | $23,990 | $3,150 | $20,840 |
| 2013 | $361 | $23,990 | $3,150 | $20,840 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/30/2026 01/30/26 | For Sale | $7,550,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $56,250 | Fidelity National Title | |
| Warranty Deed | $70,400 | Hartung Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $51,200 | Unknown |
Source: Firelands Association of REALTORS®
MLS Number: 20260276
APN: 57-04013-000
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Ask me questions while you tour the home.