Ken Spero
Howard Hanna
(216) 859-4246
122 Total Sales
13 in Sandusky
$136K - $1.8M Price Range
516 Franklin St Sandusky, OH 44870
Sandusky AreaEstimated Value: $198,919
6
Beds
3
Baths
2,492
Sq Ft
$80/Sq Ft
Est. Value
About This Home
As of December 2025Great 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
BHHS Professional Realty License #2016001649 Listed on: 06/19/2025
Co-Listed By
Default zSystem
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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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,919
Avg. Annual Appreciation
33.32%
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
28.53%
Purchase Details
Closed on
Jan 1, 1987
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sandusky, OH
-
Ken Spero
-
Majdey Taye
Majdey Taye
RE/MAX Transitions
(440) 517-5288
282 Total Sales
3 in Sandusky
$90K - $272K Price Range
-
Tony Crea
Tony Crea
Assad & Crea Realty Group
(216) 250-8821
80 Total Sales
1 in Sandusky
$327,500 Price
-
Richard Kropf
Richard Kropf
Responds QuicklyRussell Real Estate Services
(440) 595-4993
107 Total Sales
2 in Sandusky
$45K - $183K Price Range
-
Marcy Barkema
Marcy Barkema
The Holden Agency
(860) 926-3108
28 Total Sales
2 in Sandusky
$312,000 Price Range
-
Kemi Alege
Kemi Alege
Coldwell Banker Schmidt Realty
(234) 231-0988
136 Total Sales
1 in Sandusky
$159,000 Price
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
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 | $1,654 | $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
-
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
33 Total Sales
-
D
Seller Co-Listing Agent in 2020
David Biechele
Vacationland Rty. Inc.
-
Tarina Sidoti
Buyer's Agent in 2020
Tarina Sidoti
BHHS Professional Realty
(419) 706-2365
443 Total Sales
Map
Source: Firelands Association of REALTORS®
MLS Number: 20252256
APN: 56-01113-000
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