305 N Elm Street Prospect, OH $ 475,000
305 N Elm Street
$ 475,000
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305 N Elm Street

Prospect, OH, 43342
$ 475,000
Bedrooms8 Baths0.0

Monthly Estimate*

$ 2,925

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Multi-Family Home for sale in Prospect, OH

for $475,000 with 8 bedrooms. This home was built in 1989 on a lot size of 0.71.

Outstanding investment opportunity in the heart of Prospect, Ohio! Come and see these 4, well-maintained, separate ranch-style rental units. Each building features 960 sq ft of living space, 2 bedrooms, 1 bath, dinette area, laundry room, living room, kitchen and an attached 1-car garage. Built on approximately 0.7 acres and overlooks the Scioto River. A new roof was installed on unit 305 1/2 in 2024. All units are currently rented to long term tenants and current rent is below market value. This is an excellent income property for the savvy investor.

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Multi-Family Active

Price

$ 475,000

Bedrooms

8

Property Type

Multi-Family

Taxes

$ 7,026

Style

Lot Size

0.71

Year Built

1989

Town/City

Prospect

County/Region

Marion

MLS | Web ID

226011982

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Water Available Sewer Available Natural Gas Available Electricity Available
Year Built 1989
Township Prospect
Property Subtype Apartment
Tax Year 2025
Gross Income 43200.0
Additional Parcels Description 270020001800
County Marion
Net Operating Income 33639.32
Operating Expense 9560.68
Insurance Expense 1326.0
Property Type Multi-Family
MaintenanceExpense 1200.0
Status Active
City Prospect
High School District ELGIN LSD 5101 MAR CO.
Number Of Units Total 4
Lot Size Square Feet 30927.6
Land Lease Y/N N
Tax Annual Amount 7026.68
Lease Renewal Y/N N
Additional Parcels Y/N Y
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
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Exterior
Parking Features Garage Door Opener
Water Source See Remarks Well Private
Lot Size Area 0.71
Spa N
Lot Size Acres 0.71
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Total Baths 0
Heating-Forced Air True
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Internal Only
Street Number 1 305
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* Excluded Features
List By
Matthew R Williams

Listing Agent

Keller Williams Consultants

Broker

homebymatt@kw.com

Email

Affordability Calculator

$3,510
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$586
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
1421098 Elementary School
1421382 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/14/2026$475,000 Listed Price

Map


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305 N Elm Street, Prospect, OH, 43342 is a Multi-Family Home for sale at $475,000 with a lot size of 0.71. 305 N Elm Street has 8 bedrooms, 0.0 baths, and was built in 1989. The property's zip code is 43342 which is in Prospect, OH