For Sale
$248,900

1501 Mahoning AveYoungstown, OH 44509

Six-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a six-unit apartment building located at 1501 Mahoning Ave, Youngstown, OH 44509. The property, built in 1920, comprises a two-story building totaling 3,500 square feet on a 0.11-acre lot. Currently operating at 100% occupancy, the building offers a strong cash flow potential. The six units are a mix of one- and two-bedroom apartments, with rents ranging from $475 to $700 per month. Most units are on month-to-month leases, providing flexibility for future rent adjustments. One smaller unit has recently undergone updates. Unit 6 has a lease expiring in December 2024. The property is classified as a Class C multifamily building and is offered at $248,900, representing a price per square foot of $71.11 and a price per unit of $41,483.33. The property's address is officially listed as 1501-1503 Mahoning Ave and 6 South Whitney Ave. This is an owner-user investment opportunity with significant upside potential in a growing market. The property's APN is 53-065-0-120.00-0. This is a rare chance to acquire a well-located, income-producing asset in Youngstown, Ohio.

Highlights

  • Six-unit apartment building in Youngstown, OH, offering strong cash flow.
  • 1920-built, 3,500 sq ft building on a 0.11-acre lot, currently 100% occupied.
  • Mix of one- and two-bedroom units, rents $475-$700/month, mostly month-to-month leases.
  • Class C multifamily property listed at $248,900 ($71.11/sq ft, $41,483.33/unit).
  • Addresses: 1501-1503 Mahoning Ave & 6 South Whitney Ave; APN 53-065-0-120.00-0.

Property Details for 1501 Mahoning Ave

Property type
Apartment buildings
Square Feet
3,500 SF
Class
C
Year Built
1920
Buildings
1
Stories
2
Lot Size (sq. ft)
4,792 SF
Units
6

Location Insight

City
Youngstown
County
Mahoning
State
Ohio
Latitude
41.101445
Longitude
-80.678066
1501 Mahoning Ave, Youngstown, Ohio

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1501 Mahoning Ave
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