Skip main navigation
For sale
  • $215,000

    305 N Broadway St, Spencerville, OH 45887

    4beds
    --sqft
    : 
    $1,474/mo
    Get pre-qualified
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Four bedroomsMultiple wood decksTwo enclosed porchesVaried outdoor living spaces
    High-Yield Investment Opportunity! Secure an immediate high-return addition to your portfolio with this versatile three-unit rental property. This well maintained property is an absolute powerhouse for income seekers, generating nearly $30,000 in annual net income through its established rental history. Ideally suited for a long-term ''buy and hold'' strategy, and uniquely features permissive industrial zoning, providing a rare layer of flexibility and long-term land value that is difficult to find in standard residential investments. The primary structure is substantial, offering a spacious 1,283 square feet on the first floor and 909 square feet on the upper level. Currently configured as a three-unit rental, the layout includes four bedrooms and three full bathrooms. Tenants will appreciate the varied outdoor living spaces, including a 281-square-foot open masonry porch, multiple wood decks, and two enclosed porches. In addition to the main units, the property includes a 360-square-foot detached frame garage that offers secure in-demand storage for tenants. This is a prime opportunity to acquire a cash-flowing asset, with industrial zoning that paves the way for future growth and specialized use cases in the heart of Spencerville.
    177 days
    |
    155
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Stanford 419-230-2421,

    Superior Plus Realtors

    Source: WCAR OH,MLS#: 309292MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Window Unit(s), None

      Property

      Parking
      • Parking features: See Remarks
      Features
      • Levels: Two
      Lot
      • Size: 9,765 Square Feet
      • Dimensions: 63 x 155
      Details
      • Parcel number: 44120601013.000
      • Zoning description: Industrial

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Foundation: See Remarks
      • Roof: Other

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Spencerville

      Financial & listing details

      • Tax assessed value: $130,600
      • Annual tax amount: $1,540
      • Date on market: 7/14/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,246/mo

        Price history

        DateEventPrice
        1/27/2026Listed for sale$215,000
        Source: WCAR OH #309292 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,545 +14.1%$45,720 +22%
        2023$1,354 -0.4%$37,490
        2022$1,359 +0.6%$37,490
        2021$1,352 +13.4%$37,490 +23%
        2020$1,192 +4.3%$30,490
        2019$1,143 -1%$30,490
        2018$1,154 +20.2%$30,490 +19.5%
        2017$960 +2.1%$25,520
        2016$940 -0.5%$25,520
        2015$945 -11.6%$25,520 -12.1%
        2014$1,069 -1.2%$29,020
        2013$1,083 +3.1%$29,020
        2012$1,050 -5.9%$29,020 -6%
        2011$1,116 -0.3%$30,870
        2010$1,119 +0.4%$30,870
        2009$1,115 +2.4%$30,870 +3.4%
        2008$1,089 -0.8%$29,860
        2007$1,098 -27.4%$29,860 +0%
        2006$1,511 +12.9%$29,855 +14.3%
        2003$1,338 +28.8%$26,110 +14.1%
        2002$1,039 +2.3%$22,890
        2001$1,016 $22,890
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 45887

        Getting around

        47 / 100
        Car-Dependent
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes