Urbana Ohio Multi-Family Homes for Sale

Urbana Ohio Multi-Family Homes for Sale

$150,000
226027862 MLS
Investor opportunity at 132 E. Reynolds Avenue in Urbana! Offering over 2,000 square feet, this spacious property features 4 bedrooms, 2.5 baths, two separate living areas, and a second kitchen--creating excellent potential for a single-family home, multi-generational living, or multi-family use. The home is in decent condition and ready for a little TLC to make it shine. Additional highlights include a covered front porch, a huge private backyard, and convenient access to historic downtown Urbana's shopping, dining, and local attractions. Bring your vision and unlock the possibilities this versatile property has to offer! Call today for your private tour.

132 E Reynolds Street, Urbana

Listing Courtesy of : Malia K Hughes ---- Key Realty
$809,900
226027456 MLS
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.

620-672 Hagenbuch Street, Urbana

Listing Courtesy of : V. Patrick Hamilton ---- REMAX Alliance Realty
$225,000
226009950 MLS
Income earning three unit in Urbana! This property features two one bedroom units and one two bedroom unit (possible to make a 3rd bedroom). All units are occupied at below market rents, so there is room for income improvement. New carpet in both one bed units, carpet replaced in 2 bed recently. New windows throughout majority of property. Ample street parking on a quiet street. Each unit has a separate gas meter, furnace, electric and hot water heater. Tenants pay all utilities except water. Landlord pays water and bills back to tenants monthly. Rent rolls and financials available upon request. Annual property taxes are $2,038, insurance runs around $185/ mo. Urbana is a growing and affordable community, add this to your portfolio before it's gone! All units are occupied, please do not disturb tenants. Note: Property is owned by listing agent.

235 Boyce Street, Urbana

Listing Courtesy of : Nathan H Slemmons ---- OwnerLand Realty, Inc.

Selling Office: Howard Hanna Real Estate Svcs.

$40,000
226008750 MLS
Multi Fam Investor Special in Urbana! Potential duplex with over 2,500sqft. Two 2BR 2BA units and separate meters. Easy conversion back to multi-unit. Needs renovation. Sold as is

414 Louden Street 416 Unit 416, Urbana

Listing Courtesy of : Scott Fader ---- Joseph Walter Realty, LLC

Selling Office: NON MEMBER OFFICE.

$232,500
226007465 MLS
This charming duplex presents a fantastic investment opportunity, having successfully operated as a short-term rental for several years. It's perfect for those looking to invest or to live in one unit while renting out the other Spacious two-car garage providing ample parking and storage.A generous outdoor space ideal for gatherings, gardening, or simply enjoying the fresh air. This property balances comfort and functionality, making it a versatile choice for homeowners and investors alike. Agent is related to seller.

310 Washington Avenue 310-310 1/2 Unit 310-310 1/2, Urbana

Listing Courtesy of : Lee Ann Steed ---- Red 1 Realty

Selling Office: REMAX Alliance Realty.

$200,000
226003001 MLS
This impeccably maintained duplex sits on a prime stretch of South Main Street, offering space, condition, and flexibility that's hard to find. The property features two oversized units: a 1-bedroom, 1-bath unit at approximately 1,100 square feet and a sprawling 2-bedroom, 1-bath unit measuring roughly 1,600 square feet. Both units are thoughtfully laid out, exceptionally well cared for, and live much larger than most properties in this category. The 1-bedroom unit offers a large kitchen, excellent storage, and is currently vacant, making it an ideal option for an owner-occupant or an investor looking to place a tenant immediately. The 2-bedroom unit includes a living room and dining area, an enclosed front porch, a sunroom off the back, and a deck, along with abundant storage throughout. Both units share access to a clean, dry, and structurally sound basement, providing additional storage and washer and dryer hookups for tenant convenience. It's a practical setup that adds everyday functionality without sacrificing privacy. A detached 2-car garage further enhances the property with off-street parking and extra storage. Major improvements have already been handled. The roof was replaced in 2024. The garage received significant upgrades in 2020, including structural repairs, a new roof and gutters, updated electrical wiring, and new garage door openers. Water heaters were replaced in 2022, and the furnaces are professionally maintained on an annual basis. Pride of ownership is evident throughout. There is minimal deferred maintenance, limited primarily to exterior painting of the soffits and select window trim on both the house and garage. With one unit vacant and the other producing income, this property presents a strong opportunity for an owner-occupant looking to offset their mortgage or an investor seeking a well-maintained, low-stress addition to their portfolio. Solid condition, smart updates, and real upside make this one worth a serious look.

418 S Main Street, Urbana

Listing Courtesy of : Shaun Hood ---- Coldwell Banker Realty

Selling Office: REMAX Alliance Realty.

$200,000
225043738 MLS

115 W Reynolds Street 115-117 Unit 115-117, Urbana

Listing Courtesy of : Brittany L Eddy ---- Coldwell Banker Realty

Selling Office: Red 1 Realty.

$180,000
225042141 MLS
Updated duplex just blocks from downtown Urbana! Each spacious unit offers over 1,300 sq. ft., separate meters allow tenants to pay their own utilities, and a roof that's only 4 years old. The downstairs unit is occupied and features 1 bed/1 bath with a new bathroom, new furnace, and new water heater. The upstairs unit is vacant and move in ready with 3 bedrooms and 2 full bathrooms. Upstairs updates include fresh paint, new carpet, new bathroom flooring, remodeled bathrooms, and a brand new kitchen with all new appliances. This unit also includes a new washer/dryer, some new windows, and a new water heater. Truly turn key and ideal for an owner-occupant looking to offset expenses with rental income or an investor seeking a low maintenance property. Conveniently located near shopping, dining, and downtown amenities, this duplex is a must see!

412 N Main Street, Urbana

Listing Courtesy of : Maurice M Carpenter ---- Gallery Homes Real Estate LLC

Selling Office: REMAX Alliance Realty.

$130,000
224007705 MLS
Location! Location! Location! Located on Scioto Street in the heart of Urbana's bustling downtown business corridor, this multi-unit property presents an excellent investment opportunity. Zoned B-3, it offers versatile usage potential, whether for residential purposes or as a possible commercial venture. The property spans an impressive 3226 square feet, comprising three distinct units spread across two levels. Currently, one of the main-level apartments is rented out at $700 per month and includes all utilities, while the remaining two units await refurbishment before leasing, a factor reflected in their competitive pricing. The rented unit, featuring one bedroom and one bathroom, offers comfortable living space, while the other main apartment, although smaller, mirrors this layout.

233 Scioto Street, Urbana

Listing Courtesy of : V. Patrick Hamilton ---- REMAX Alliance Realty

Selling Office: Howard Hanna Real Estate Svcs.

$145,000
223033371 MLS
Cash flowing duplex! Currently occupied with under market rents currently at $700 and $800 per mo. There is opportunity to increase rent and/or renovate and make this a true cash cow. Garage provides additional opportunities for rental income. Do not disturb tenants, curb offers only. Walkthroughs permitted for accepted primary and/or backup offers only.

121 & 123 Sara Street, Urbana

Listing Courtesy of : Sara Marie Brenner ---- Red 1 Realty

Selling Office: RE/MAX Affiliates, Inc..

$780,000
223037190 MLS
Take advantage of a once in a lifetime opportunity to own a piece of history. Listed on the National Register of Historic Places, the Murphy Mansion is an American relic of art believed to be designed by architect Frank Packard. Built in 1908 for Joseph Murphy (Murphy Lumber Co.,) the Richardsonian-Romanesque home maintains many of the original features including stained-glass windows, hand-painted wallpaper, beautiful pocket doors, hand-carved woodwork, and grand fireplace. The main home is 7,203 sq. ft. featuring 7 fireplaces, 8 bedrooms, 4 bathrooms, 3 kitchens, 6 car garage. Converted into a multi-family investment property, the sale also includes a detached carriage house ft/ 2 bedrooms & 1,280 sq. ft. as well as 2 empty lots (1.10 acres) with frontage on Water St. Endless potential.

539 Scioto Street, Urbana

Listing Courtesy of : Jarad D Barr ---- RE/MAX Partners

Selling Office: 4 Aces Realty.

$170,000
223025411 MLS
Welcome to this charming and historic 2-unit multi-family property nestled on a serene tree-lined street just minutes away from the vibrant heart of downtown Urbana. This rental property makes it a truly unique investment opportunity, or it is ideal for single family living situation if you converted the 2 units back to a home allowing those seeking both comfort and accessibility. Comprising of two spacious apartments, each featuring 2 bedrooms and 1 bathroom, this property exudes character and style. As you step inside, you'll immediately appreciate the generous proportions of the living spaces. With over 2500 square feet of living area, these apartments boast oversized rooms that provide ample space for both relaxation and entertainment. More Details!

618 S Main Street, Urbana

Listing Courtesy of : V. Patrick Hamilton ---- REMAX Alliance Realty

Selling Office: NON MEMBER OFFICE.

$225,000
223029577 MLS
Investors, be sure to check out this multi-family 4 unit apartments situated in a residential neighborhood, offering a convenient living environment for its tenants. It is located within easy access to Downtown Urbana's local amenities including restaurants, shopping, banking, theater and grocery store. The tenants are responsible for paying their own electric and gas bills, which gives them control over their energy consumption and the owner pays for water, sewer, and trash pickup. Each apartment comes equipped with a range and refrigerator, saving tenants the expense and hassle of purchasing these appliances upon move in. The property set up consists of a front building with Unit 1 on the main level and Unit 2 located on the second level. Many more details!

235 E Reynolds Street, Urbana

Listing Courtesy of : V. Patrick Hamilton ---- REMAX Alliance Realty

Selling Office: Fathom Realty Ohio.

$70,000
223038800 MLS
BIG PRICE REDUCTION! This double needs TLC and is selling 'as is'. AC does not work. Address is 482 and 482 1/2 Gwynne. First floor 2bedroom, 1 bath unit. Other unit has no first floor bedroom but 1st floor half bath.

482 Gwynne Street, Urbana

Listing Courtesy of : E Lee Henderson ---- HENDERSON LAND INVESTMENT CO

Selling Office: HENDERSON LAND INVESTMENT CO.

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Urbana Ohio Multi-Family Homes

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