71 W Washington
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Price:
$295,000 
MLS #:
2433553
Beds:
7
Baths:
5
Sq. Ft.:
2265
Lot Size:
0.16 Acres
Yr. Built:
1900
Type:
Multi-Family
Multi Family - Investment Property (Rental)
Taxes/Yr.:
$5,114
Community:
Athens CSD
Address:
71 W Washington
Athens, OH 45701
Attention Investors!
SOLID investment offering! No matter how you approach the valuation of this property, you arrive to the same conclusion: You can purchase this below-market property right now, invest a little capital, market immediately (and there are tons of anxious, prospective renters in the market right now) and profit! This five unit multi-family dwelling has four single units and one three occupant unit. Let me walk you through the valuation... estimate a conservative gross potential income of $42,000, subtract operating expenses, property tax and insurance premium and you end up with a net operating income of over $25,000. After applying locally appropriate cap rate, the valuation you end up with is 25% higher than this list price! This is an opportunity for a seasoned investor to add to their portfolio or for a newer investor to start. This property is currently vacant, but has an active rental permit with Athens Code Enforcement for a total occupancy of seven.
Listing offered by:
Bob Prebe - License# BRKP.2014002421 with Uptown Realty Group LLC (740) 590-4882.
Melissa Prebe - License# SAL.2019004039 with Uptown Realty Group LLC (740) 590-4882.
Map of Location:
Data Source: Listing data provided courtesy of: Athens County MLS (Data last refreshed: 07/16/25 3:05am) - 40

Notice & Disclaimer: Information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or purchasing. All information (including measurements) is provided as a courtesy estimate only and is not guaranteed to be accurate. Information should not be relied upon without independent verification.
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