Great Investment Opportunity - Updated Stone Duplex With Strong Rental Income. Don't Miss Out On This Downtown Sandusky Duplex Offering Excellent Cash Flow And Long-term Stability. The Lower Unit Features 3 Spacious Bedrooms And Is Rented For $1,200/month. Upper Unit Includes 2 Bedrooms,2 Baths And Rents For $995/month. Both Units Were Tastefully Updated About 5 Years Ago And Have Been Well Maintained. These Desirable Units Are Easy To Rent And Currently Occupied With Section 8 Tenants. Tenants Pay Their Own Electric. Owner Is Responsible For Water, Gas, And Garbage. With A Net Annual Income Of Just Under $18,000, This Property Delivers An Attractive 10% Cap Rate At Current Rents. Whether You're Expanding Your Portfolio Or Looking For Your First Multifamily Investment, This Property Is A Solid Choice. Seller Is Selling Portfolio Of 3 Sfr's And 2 Duplexes. If Interested In The Entire Portfolio, More Properties Could Be Added.
Sold for $165,000
$165,000
516 Franklin St, Sandusky, OH 44870
5beds
2baths
2,492sqft
Duplex
Built in 1896
-- sqft lot
$185,200 Zestimate®
$66/sqft
$1,405 Estimated rent
Home value
$185,200
$154,000 - $217,000
$1,405/mo
Zestimate® history
Owner options
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$1,405/mo
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$1,109/mo
Est. payment
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$1,109/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jeffrey S. Smith 419-239-3472 jeffshomes55@gmail.com,
BHHS Professional Realty
Bought with:
Jeffrey S. Smith, 2016001649
BHHS Professional Realty
Source: Firelands MLS,MLS#: 20252256Originating MLS: Firelands MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Gas, Hot Water
Features
- Basement: Full
Interior area
- Total structure area: 2,492
- Total interior livable area: 2,492 sqft
Property
Parking
- Parking features: Paved Drive, Off Street, Shared Driveway
- Has uncovered spaces: Yes
Lot
- Size: 5,148 Square Feet
- Dimensions: 39 x 132
Details
- Parcel number: 5601113000
- Zoning description: R2F Two-Family Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Stone
- Foundation: Basement
Condition
- Year built: 1896
Utilities & green energy
- Electric: 100 Amp Service, ON
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Sandusky
Financial & listing details
- Price per square foot: $66/sqft
- Tax assessed value: $115,400
- Annual tax amount: $1,590
- Price range: $165K - $165K
- Date on market: 6/20/2025
- Date available: 01/01/1800
- Listing terms: Owner Will Carry
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/25/2026 | Listed for rent | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/15/2026 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/30/2026 | Listed for rent | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/9/2025 | Sold | $165,000-8.3%$66/sqft |
Source: Firelands MLS #20252256 Report a problem | ||
| 9/4/2025 | Contingent | $179,900$72/sqft |
Source: Firelands MLS #20252256 Report a problem | ||
| 6/20/2025 | Listed for sale | $179,900+49.9%$72/sqft |
Source: Firelands MLS #20252256 Report a problem | ||
| 9/12/2022 | Sold | $120,000+200%$48/sqft |
Source: Public Record Report a problem | ||
| 3/20/2020 | Sold | $40,000-52.4%$16/sqft |
Source: Agent Provided Report a problem | ||
| 3/27/2019 | Listed for sale | $84,000$34/sqft |
Source: Vacationland Rty. Inc. #20191362 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,575 -1% | $40,390 |
| 2024 | $1,591 -21% | $40,390 +2.4% |
| 2023 | $2,013 +0.6% | $39,440 0% |
| 2022 | $2,000 +200.5% | $39,450 +203.2% |
| 2021 | $666 -14.6% | $13,010 -7.1% |
| 2020 | $779 -54.9% | $14,000 -53.6% |
| 2019 | $1,727 -0.1% | $30,170 |
| 2018 | $1,728 -2.8% | $30,170 -2.5% |
| 2017 | $1,779 -8.8% | $30,950 |
| 2016 | $1,950 +9% | $30,950 |
| 2015 | $1,789 +0.2% | $30,950 |
| 2014 | $1,786 +0.5% | $30,950 |
| 2013 | $1,777 -0.2% | $30,950 |
| 2012 | $1,781 +30.2% | $30,950 +20.2% |
| 2011 | $1,368 -0.1% | $25,750 |
| 2010 | $1,369 +0.3% | $25,750 |
| 2009 | $1,365 +2.5% | $25,750 |
| 2008 | $1,332 -0.1% | $25,750 |
| 2007 | $1,333 +176.3% | $25,750 |
| 2006 | $483 +3.8% | $25,750 +7.6% |
| 2005 | $465 -0.1% | $23,940 |
| 2004 | $465 -54.3% | $23,940 |
| 2003 | $1,019 +35.6% | $23,940 +27.2% |
| 2002 | $751 | $18,820 |
| 2001 | $751 | $18,820 |
| 2000 | $751 | $18,820 |
Find assessor info on the county website
Neighborhood: 44870
Nearby homes
- $--3 bd1 ba1k sqft516 Franklin St #1, Sandusky, OH 44870Off Market
- $111,2003 bd2 ba1.2k sqft520 Franklin St, Sandusky, OH 44870Off Market
- $165,0005 bd3 ba2k sqft514 Franklin St, Sandusky, OH 44870Sold
- $--2 bd1 ba1k sqft512 Franklin St #1, Sandusky, OH 44870Off Market
- $--2 bd1 ba850 sqft512 Franklin St UNIT 2, Sandusky, OH 44870Off Market
- $--2 bd1 ba1k sqft512 Franklin St, Sandusky, OH 44870Off Market
- $179,600-- bd-- ba2.7k sqft524 Franklin St, Sandusky, OH 44870Off Market
- $152,100-- bd-- ba-- sqft524 Franklin St #3, Sandusky, OH 44870Off Market
Nearby schools
GreatSchools rating
- NAThe Sandusky Primary SchoolGrades: K-2Distance: 0.7 mi
- 5/10Sandusky Middle SchoolGrades: 7-8Distance: 1.4 mi
- 3/10Sandusky High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- District: Sandusky
Source: Firelands MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$185,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$185,200
- Ohio
- Erie County
- Sandusky
- 44870
- 516 Franklin St
