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For sale
    • Price cut: $30K (8/30)
    $70,000

    40 2nd St, Shelby, OH 44875

    4beds
    3baths
    --sqft
    : 
    $512/mo
    Get pre-qualified
    Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Well-located triplex at 40 Second St, Shelby, OH 44875 offering immediate cash flow with value-add upside. All new plumbing from the street to the faucets. The property generates $1,400/month in gross rent with two long-term tenants in place, providing stable income from day one. One unit has been renovated, while one unit remains in need of renovation, creating a clear opportunity to increase rents and overall returns. Ideal for investors seeking a mix of steady cash flow and forced appreciation through improvements. Property offers strong fundamentals in a rental-friendly market. Tenant-occupied. Please do not disturb tenants. Showings by appointment only. Sold as-is. Listing agent is part of LLC.
    48 days
    331
    21

    Zillow last checked:

    Listing updated:

    Listed by:

    Adam Thornton 4195288260,

    Dream Huge Realty

    Source: MAR,MLS#: 9070268MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      Heating
      • Forced Air, Natural Gas
      Cooling
      • None
      Features
      • Basement: Partial
      Interior area
      • Finished area above ground: 1,757
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Other, Gravel
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      Lot
      • Size: 9,600 Square Feet
      • Dimensions: 0.2204
      • Features: City Lot
      Details
      • Parcel number: 0460809104000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding
      • Roof: Metal
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Shelby

      Financial & listing details

      • Tax assessed value: $54,980
      • Annual tax amount: $376
      • Date on market: 7/16/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: None

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,105/mo

        Price history

        DateEventPrice
        8/30/2026Price change$70,000-30%
        Source: MAR #9070268 Report a problem
        7/16/2026Listed for sale$100,000
        Source: MAR #9070268 Report a problem
        3/29/2026Listing removed$100,000
        Source: MAR #9070268 Report a problem
        3/12/2026Price change$100,000-16.7%
        Source: MAR #9070268 Report a problem
        2/13/2026Price change$120,000-4%
        Source: MAR #9070268 Report a problem
        2/2/2026Price change$125,000-3.8%
        Source: MAR #9070268 Report a problem
        1/28/2026Price change$130,000-13.3%
        Source: MAR #9070268 Report a problem
        1/13/2026Listed for sale$150,000+76.5%
        Source: MAR #9070268 Report a problem
        7/9/2024Sold$85,000-5.6%
        Source: Public Record Report a problem
        5/15/2024Contingent$90,000
        Source: MAR #9060654 Report a problem
        5/15/2024Listed for sale$90,000
        Source: MAR #9060654 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$754 0%$19,240
        2024$754 -0.2%$19,240
        2023$755 +22.8%$19,240 +37%
        2022$615 0%$14,040
        2021$615 -0.1%$14,040
        2020$616 +9.3%$14,040 +17.9%
        2019$563 -0.1%$11,910
        2018$564 +0.9%$11,910
        2017$559 +19.9%$11,910 +19.1%
        2016$466 +0.5%$10,000
        2015$464 +3.5%$10,000
        2014$448 -49.1%$10,000 -49.8%
        2012$881 +83%$19,940
        2011$481 -17.6%$19,940 +42.5%
        2010$584 +11.5%$13,990
        2009$524 +0.3%$13,990
        2008$522 -46.6%$13,990
        2006$977 $13,990
        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 44875

        Getting around

        66 / 100
        Somewhat Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Shelby City Schools

        Source: MAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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