$149,900

903 Franklin St Sandusky, OH 44870

Estimated payment $910/month

Total Views 1,171
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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.

Listing Agent

Ross Boesch

Weichert, Realtors-Morgan Real License #2021008737 Listed on: 05/12/2026

Co-Listing Agent

Default zSystem

zSystem Default

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,185

Year Built

  • Built in 1930

Lot Details

  • 3,367 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Crawl Space

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 5703097000

Community Details

Overview

  • 2 Units
  • Southwark Addition Subdivision

Building Details

  • Gross Income $25,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,185

Year Built

Built in 1930

Lot Details

3,367 Sq Ft Lot

Listing Details

  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 0.0773
  • Total Gross Income: 25392
  • MLS Status: Active
  • Subdivision Name: Southwark Addition
  • Carport Y N: No
  • Unit Levels: Two
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Crawl Space

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling Y N: No
  • Heating: Electric, Baseboard
  • HeatingYN: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Schools

  • Junior High Dist: Sandusky

Lot Info

  • Lot Size Sq Ft: 3367.188
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 5703097000

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1185.24

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2025 $1,185 $30,390 $6,034 $24,356
2024 $1,185 $30,390 $6,034 $24,356
2023 $1,197 $25,217 $4,711 $20,506
2022 $1,278 $25,221 $4,711 $20,510
2021 $1,290 $25,220 $4,710 $20,510
2020 $1,326 $23,830 $4,710 $19,120
2019 $1,364 $23,830 $4,710 $19,120
2018 $1,365 $23,830 $4,710 $19,120
2017 $1,348 $23,450 $4,900 $18,550
2016 $1,347 $23,450 $4,900 $18,550
2015 $1,220 $23,450 $4,900 $18,550
2014 $1,213 $23,450 $4,900 $18,550
2013 $1,201 $23,450 $4,900 $18,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2026 05/12/26 For Sale $149,900 +199.8% --
07/10/2018 07/10/18 Sold $50,000 -16.5% $27 / Sq Ft View Prior Sale
05/10/2018 05/10/18 Pending -- -- --
11/27/2017 11/27/17 For Sale $59,900 -- $32 / Sq Ft
Source: Firelands Association of REALTORS®

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 Type Sale Price Title Company
Warranty Deed $210,000 Fidelity National Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Survivorship Deed $34,000 None Available
Deed $13,000 Attorney
Sheriffs Deed $96,881 None Available
Special Warranty Deed -- None Available
Deed $75,000 --
Deed $22,500 --
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 Loan Amount Loan Type
Previous Owner $40,000 New Conventional
Previous Owner $74,961 FHA
Previous Owner $39,200 New Conventional
Source: Public Records

Source: Firelands Association of REALTORS®

MLS Number: 20261659

APN: 57-03097-000

Ohio Erie County Sandusky 44870

903 Franklin St, Sandusky, OH

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Listing Agent
Ross Boesch
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Weichert, Realtors-Morgan Real
(419) 701-5436
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