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.
For sale
$199,000
305 N Broadway St, Spencerville, OH 45887
4beds
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Four bedroomsMultiple wood decksTwo enclosed porchesVaried outdoor living spaces
- 225 days
- 157
- 4
Zillow last checked:
Listing updated:
Listed by:
Tim Stanford 419-230-2421,
Superior Plus Realtors
Source: WCAR OH,MLS#: 309292
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
$1,209/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Price change | $199,000-7.4% |
Source: | ||
| 1/27/2026 | Listed for sale | $215,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,540 -0.3% | $45,720 |
| 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







