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5411 Main Avenue 1-19 Ashtabula, OH $ 1,250,000
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5411 Main Avenue 1-19
$ 1,250,000
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5411 Main Avenue 1-19

Ashtabula, OH, 44004
$ 1,250,000
Bedrooms-- Baths--

Monthly Estimate*

$ 8,633

5411 Main Avenue 1-19, Ashtabula, OH 44004 - Image 1
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Commercial Property for sale in Ashtabula, OH

for $1,250,000. This building was built in 1912 on a lot size of 1.619.

Multi-property investment portfolio offered as a package deal in Ashtabula, OH. Sale to include 19 total rental units. The mix of properties is made up of one four-unit building, 1 duplex, and 13 single family homes. All are located within a close proximity to each other for easier management. Conservative Gross potential monthly rents of $16,125. Annual tax $12,170. Annual Insurance $5,800. Rent roll and improvements list available upon request. There have been substantial improvements made to these properties over the past 2 years & nearly all have been through the city inspection and occupancy certification process required for rentals in that timeframe. Currently, there are 4 intentional vacancies because each of those will also be listed individually. 3 out of 4 vacancies are rent-ready, so you have a chance to fill those immediately upon closing. The 4th needs some improvement before it can be rented. This portfolio can be split up if desired.

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Commercial Active

Price

$ 1,250,000

Property Type

Commercial

Taxes

$ 12,170

Style

Lot Size

1.619

Year Built

1912

Town/City

Ashtabula

County/Region

Ashtabula

MLS | Web ID

5257654
Features
General
Sewer Public Sewer
Heating Forced Air Gas
Possession Negotiable
Roof Asphalt Fiberglass
Year Built 1912
Township Ashtabula
Unit Number 1-19
Property Subtype Apartment
Tax Year 2025
Current Use Multi-Family Single Family
Additional Parcels Description 052050002700 051170007500 051170007600 052030013900
County Ashtabula
Property Type Commercial Sale
Attached Garage false
Subdivision Name Lorenzo Tyler
Status Active
Directions 2 properties are on main ave the remaining addresses are all in the offering memorandum and within about 5 minute driving distance to each other throughout Ashtabula city. Mostly west side with one on the east side.
City Ashtabula
Disclosures Principal is Real Estate Licensed
High School District Ashtabula Area CSD - 401
Zoning Description Multi-Family
Number Of Units Total 19
Lot Size Units Acres
Tax Annual Amount 12170
Property Condition Updated/Remodeled
Water Sewer Expense 5380
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Ashtabula Area CSD - 401
Elementary School District Ashtabula Area CSD - 401
Year Built Source Public Records
Property Sub Type Additional Apartment
Cap Rate 10
Legal Description PPN's: 052050001100 052050001200 051140004600 051140004300 052030013900 051170007600 051170007500 052050002800 052050002700 051140015500 051140015400 051120004400 051140007800 051110006300 053050004400
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Interior
Basement Unfinished
Basement (Y/N) true
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Assigned Direct Access Driveway
Lot Features Split Possible
Water Source Public
Lot Size Area 1.619
Building Area Total 23035
Lot Size Acres 1.619
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Shawni L Marich

Listing Agent

Platinum Real Estate

Broker

shawni@thenovellagroup.com

Email

Affordability Calculator

$9,648
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,633
Monthly Property Taxes
$1,014
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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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Nearby
4458255 Elementary School
4458416 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/31/2026$1,250,000 Listed Price

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5411 Main Avenue 1-19, Ashtabula, OH, 44004 is a Commercial Property for sale at $1,250,000 with a lot size of 1.619. 5411 Main Avenue 1-19 was built in 1912. The property's zip code is 44004 which is in Ashtabula, OH

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