644 Hagenbuch Street, Urbana, OH 43078
644 Hagenbuch Street, Urbana, OH 43078
644 Hagenbuch Street, Urbana, OH 43078
644 Hagenbuch Street, Urbana, OH 43078
644 Hagenbuch Street, Urbana, OH 43078
644 Hagenbuch Street, Urbana, OH 43078
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mark Peebles

Mark Peebles

+1(937) 572-7111
$ 809,900
Est. payment | /mo

14 Beds

14 Baths

7,232 SqFt

Save Virtual Tour
$ 809,900
Est. payment | /mo
Save Virtual Tour

14 Beds

14 Baths

7,232 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,232 sqft

Price per Sqft $111

MLS Listing ID 964781

Bedrooms 14

Full Baths 14

Year Built 1955

Annual Tax Amount $5,674

Lot Size 1.190 Acres

Lot Dimensions 1.19 Acres

Property Sub-Type 5+ Units

Property Description

This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors.

Location

State OH

County Champaign

Zoning Residential

Rooms

Basement Crawl Space

Interior

Heating Natural Gas

Cooling None

Exterior

Parking Features None

Utilities Available Natural Gas, Public Water, Sanitary Sewer

Building

Structure Type Asbestos,Vinyl

Schools

School District Urbana

Others

Virtual Tour https://www.propertypanorama.com/instaview/wrist/1047199#tour

Dayton MLS (DTON)
Listed by RE/MAX Alliance Realty
Mark Peebles

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(937) 572-7111

mark@peeblesgrp.com

15 Commercial Way, Springboro, OH, 45066-3078, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Mark Peebles, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

644 Hagenbuch Street