5148 Milan Avenue Norwalk, OH $ 575,000
5148 Milan Avenue
$ 575,000
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5148 Milan Avenue

Norwalk, OH, 44857
$ 575,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,587

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Commercial Property for sale in Norwalk, OH

for $575,000. This building was built in 1970 on a lot size of 0.415.

Excellent Investment Opportunity! Discover the potential of this 12-unit apartment building, ideally located near shopping and everyday conveniences. The property features a mix of mostly one-bedroom units with a few efficient apartments, perfect for attracting a variety of tenants. Enjoy peace of mind with many long-term tenants already in place, offering consistent income from day one. Each unit includes its own range and refrigerator (12 of each), plus the building is equipped with two-zone boiler heating and dual 250-gallon hot water tanks for efficiency and comfort. Whether you're expanding your portfolio or diving into multi-family ownership, this property offers location, stability, and potential. Don't miss out!Physical address is: 5148 Us Highway 250 N., Norwalk, OH 44857

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Commercial Active

Price

$ 575,000

Property Type

Commercial

Taxes

$ 6,462

Style

Commercial

Lot Size

0.415

Year Built

1970

Town/City

Norwalk

County/Region

Huron

MLS | Web ID

20251339

Features
General
Sewer Public Sewer
Possession TBD
Roof Asphalt
Zoning Commercial
Year Built 1970
Stories Count 2
Age 0
Amps 2 400 AMP
Property Subtype Commercial
Tax Year 2024
Auction No
County Huron
Property Type Commercial Sale
Subdivision Name Norwalk Township Sec 3
Close Price 0.00
Status Active
City Norwalk
MLS Area Norwalk
Lot Size Units Acres
Lot Size Square Feet 18077.00
Availability Date 1800-01-01
Legal Description SEC 3 PT OF GL 65
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Exterior
Water Source Public
Total Parking 10.00
Flood Plan Unknown
Exterior Construction Block Vinyl Siding
Lot Size Acres 0.4150
Waterfront Y/N No
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Interior
Electricity ON
3/4 Baths 0
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Internal Only
Street Number 1 5148
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* Excluded Features
List By
Linda J. Armstrong

Listing Agent

Re/Max Quality Realty - Sandus

Broker

(419) 627-9914

Phone

Affordability Calculator

$4,126
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,587
Monthly Property Taxes
$539
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1272019 Elementary School
1271802 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$575,000 -4.17% Price Down
4/16/2025$600,000 Listed Price

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5148 Milan Avenue, Norwalk, OH, 44857 is a Commercial Property for sale at $575,000 with a lot size of 0.415. 5148 Milan Avenue was built in 1970. The property's zip code is 44857 which is in Norwalk, OH