1035 First Street Sandusky, OH $ 7,550,000
1035 First Street
$ 7,550,000
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1035 First Street

Sandusky, OH, 44870
$ 7,550,000
Baths0.0

Monthly Estimate*

$ 46,487

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Studio

Multi-Family Home for sale in Sandusky, OH

for $7,550,000.

A rare opportunity to acquire a large, assembled real estate portfolio spanning 50+ parcels comprised of 36 single-family homes and 11 multifamily properties throughout downtown Sandusky, Ohio. This collection of properties creates a substantial footprint across the city's core residential neighborhoods, all within close proximity to the waterfront, downtown business district, and major travel corridors.Offered as a single package, the portfolio provides immediate scale, geographic density, and operational efficiency that would be extremely difficult to replicate through individual purchases.The properties currently generate $76,435 in monthly rental income, with documented market rents supporting approximately $88,100 per month. This reflects an estimated $140,000+ in annual income potential through rent normalization alone. Many leases are at-will or below market, offering a clear path to increased revenue without major renovations.This is a value-add opportunity driven by management and positioning.Beyond current cash flow, the concentration and location of these parcels offer long-term flexibility for future infill, redevelopment potential, or strategic hold as downtown Sandusky continues to benefit from ongoing waterfront and community improvements. This offering combines immediate income with control of a significant residential presence in a highly desirable lakefront market.See Attached Brochure for details.

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Multi-Family Active

Price

$ 7,550,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Multiple Units

Town/City

Sandusky

County/Region

Erie

MLS | Web ID

20260276

Features
General
Sewer Public Sewer
Heating See Heat Src Comment
Possession TBD
Garage Spaces 0.00
Year Built 0
Age 0
Property Subtype Multiple Units
Tax Year 0
Auction No
Gross Income 0.00
County Erie
Net Operating Income 0.00
Operating Expense 0.00
Property Type Multiple Units
Close Price 0.00
Status Active
City Sandusky
MLS Area N/A
Lot Size Units Acres
Lot Size Square Feet 0.00
Home Warranty Y/N 0
Availability Date 1800-01-01
Year Built Exception Unknown
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Interior
Heating System Forced Air
Electricity ON
3/4 Baths 0
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Exterior
Water Source Public
Flood Plan Unknown
Exterior Construction Other
Substructure Crawl Space
Waterfront Y/N No
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Internal Only
Street Number 1 1035
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* Excluded Features
List By
Tarina M. Sidoti

Listing Agent

Bhhs Professional Realty

Broker

(419) 706-2365

Phone

Affordability Calculator

$46,487
Per Month
100%
0%
0%
Monthly Principal & Interest
$46,487
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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Nearby
1272019 Elementary School
1271802 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/30/2026$7,550,000 Listed Price

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1035 First Street, Sandusky, OH, 44870 is a Multi-Family Home for sale at $7,550,000. 1035 First Street is a studio with 0.0 baths. The property's zip code is 44870 which is in Sandusky, OH