Quick Urbana OH MLS Search

Browse All Urbana OH Multi-Family Properties for Sale

$150,000
⋅ Malia K Hughes
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
⋅ V. Patrick Hamilton
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
Start Your Search

Urbana Multi-Family Real Estate

Our website features the best real estate search for multi-family properties available in Urbana and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!