NOT LISTED FOR SALE

516 Franklin St Sandusky, OH 44870

Estimated Value: $168,000 - $188,451

6 Beds
3 Baths
2,492 Sq Ft
$71/Sq Ft Est. Value

Sale Details

Date Sold: December 9, 2025

Last sale price $165,000 $66 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,088 / mo

172 Days on Market

About This Home

As of December 2025

Great Investment Opportunity - Updated Stone Duplex with Strong Rental Income. Don't miss out on this downtown Sandusky duplex offering excellent cash flow and long-term stability. The lower unit features 3 spacious bedrooms and is rented for $1,200/month. Upper unit includes 2 bedrooms,2 Baths and rents for $995/month. Both units were tastefully updated about 5 years ago and have been well maintained. These desirable units are easy to rent and currently occupied with Section 8 tenants. Tenants pay their own electric. Owner is responsible for water, gas, and garbage. With a net annual income of just under $18,000, this property delivers an attractive 10% cap rate at current rents. Whether you're expanding your portfolio or looking for your first multifamily investment, this property is a solid choice. Seller is selling portfolio of 3 SFR's and 2 Duplexes. If interested in the entire portfolio, more properties could be added.

Last Agent to Sell the Property

Jeff Smith

BHHS Professional Realty License #2016001649 Listed on: 06/19/2025

BHHS Professional Realty

Co-Listed By

Default zSystem

zSystem Default

Last Buyer's Agent

Jeff Smith

BHHS Professional Realty License #2016001649 Listed on: 06/19/2025

BHHS Professional Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 1896

Lot Details

  • 5,149 Sq Ft Lot
  • Lot Dimensions are 39 x 132

Home Design

  • Duplex
  • Stone

Interior Spaces

  • 2,492 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number 5601113000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,440
  • Gross Income $26,340
  • Net Operating Income $17,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,591

Year Built

Built in 1896

Lot Details

5,149 Sq Ft Lot

Listing Details

  • PropertySubType: Duplex
  • PropertyType: Residential Income
  • Lot Size Acres: 0.1182
  • Total Gross Income: 26340
  • MLS Status: Sold
  • ResoBuildingAreaSource: Public Records
  • Carport Y N: No
  • Living Area: 2492
  • Year Built: 1896
  • Master Plan Zoning: R2F Two-Family Residential
  • Financial Info Electric: 100 Amp Service
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement YN: Yes

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stone
  • Foundation Details: Basement

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Paved, Off Street, Shared Driveway

Utilities

  • Cooling Y N: No
  • Heating: Natural Gas, Hot Water
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Schools

  • Junior High Dist: Sandusky

Lot Info

  • Lot Dimensions: 39 x 132
  • Lot Size Sq Ft: 5148.792
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 5601113000

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 17900
  • Annual Operating Expense: 8440

Tax Info

  • Tax Annual Amount: 1590.84

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2025
Closed on
Dec 8, 2025
Sold by
Bought by
Seller's Agent
Jeff Smith
BHHS Professional Realty
Buyer's Agent
Jeff Smith
BHHS Professional Realty
List Price
$179,900
Sold Price
$165,000
Premium/Discount to List
-$14,900
-8.28%
Views
65
Current Estimated Value
$177,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,613
Avg. Annual Appreciation
14.91%
Original Mortgage
$135,300
Outstanding Balance
$135,300
Interest Rate
6.19%
Mortgage Type
New Conventional
Estimated Equity
$42,313

Purchase Details

Closed on
Sep 12, 2022
Sold by
Bought by

Purchase Details

Listed on
Mar 27, 2019
Closed on
Mar 12, 2020
Sold by
Bought by
Seller's Agent
Scott Biechele
Vacationland Rty. Inc.
Buyer's Agent
Tarina Sidoti
BHHS Professional Realty
List Price
$84,000
Sold Price
$40,000
Premium/Discount to List
-$44,000
-52.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.79%

Purchase Details

Closed on
Aug 23, 2018
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1987
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Southern Title Of Ohio Ltd
-- Southern Title Of Ohio Ltd
-- Southern Title Of Ohio Ltd
$90,000 --
$80,000 Southern Title Of Ohio Ltd
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $135,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2025 12/09/25 Sold $165,000 -8.3% $66 / Sq Ft
06/19/2025 06/19/25 For Sale $179,900 +349.8% $72 / Sq Ft
03/13/2020 03/13/20 Sold $40,000 -52.4% $16 / Sq Ft View Prior Sale
03/09/2020 03/09/20 Pending -- -- --
03/27/2019 03/27/19 For Sale $84,000 -- $34 / Sq Ft
Source: Firelands Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,575 $40,389 $3,272 $37,117
2024 $1,575 $40,389 $3,272 $37,117
2023 $1,591 $39,430 $2,565 $36,865
2022 $2,000 $39,441 $2,565 $36,876
2021 $666 $13,010 $2,570 $10,440
2020 $779 $14,000 $2,570 $11,430
2019 $1,727 $30,170 $2,570 $27,600
2018 $1,728 $30,170 $2,570 $27,600
2017 $1,779 $30,950 $3,340 $27,610
2016 $1,950 $30,950 $3,340 $27,610
2015 $1,789 $30,950 $3,340 $27,610
2014 $1,786 $30,950 $3,340 $27,610
2013 $1,777 $30,950 $3,340 $27,610
Source: Public Records

Agents Affiliated with this Home

  • Jeff Smith

    Seller's Agent in 2025

    Jeff Smith

    BHHS Professional Realty

    (419) 239-3472

    243 Total Sales

    Jeff Smith
    Section Image

  • D

    Seller Co-Listing Agent in 2025

    Default zSystem

    zSystem Default

  • Scott Biechele

    Seller's Agent in 2020

    Scott Biechele

    Vacationland Rty. Inc.

    (419) 627-1111

    34 Total Sales

    Scott Biechele
    Section Image

  • D

    Seller Co-Listing Agent in 2020

    David Biechele

    Vacationland Rty. Inc.

    Section Image
  • Tarina Sidoti

    Buyer's Agent in 2020

    Tarina Sidoti

    BHHS Professional Realty

    (419) 706-2365

    457 Total Sales

    Tarina Sidoti
    Section Image
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Map

Source: Firelands Association of REALTORS®

MLS Number: 20252256

APN: 56-01113-000

Ohio Erie County Sandusky 44870

516 Franklin St, Sandusky, OH

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