8 Beds
4 Baths
0.58 Acres Lot
8 Beds
4 Baths
0.58 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision W W & A E Wester 01
MLS Listing ID 5231371
Bedrooms 8
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1969
Annual Tax Amount $3,651
Tax Year 2025
Lot Size 0.585 Acres
Acres 0.585
Property Sub-Type Quadruplex
Property Description
Exceptional opportunity to acquire two adjacent four-unit apartment buildings located at 850 Mathews Rd. (MLS #5231061) and 860 Mathews Rd. (MLS #5231371) in Youngstown, Ohio. Offered together as a single portfolio acquisition, investment consists of eight remodeled 2-bedroom, 1-bath units housed in low-maintenance brick buildings.
The properties offer attractive curb appeal with decorative shutters and elegant etched-glass entry doors complemented by matching sidelights, creating a welcoming first impression and enhancing the overall appearance of the buildings.
Each property features covered carports and coin-operated laundry facilities. The combination of stable occupancy and additional revenue sources makes this an outstanding addition to both new and seasoned investment portfolios.
A unique feature of the portfolio is Unit 860-4, which offers the flexibility to serve as an owner's residence or an on-site property manager's suite. This upgraded unit features stainless steel appliances, a dishwasher, extended countertops, and a convenient breakfast bar, providing a more residential feel for owner-operators or management personnel.
Beyond the current cash flow, these properties offer a compelling value-add opportunity. Each building sits on an oversized parcel that may provide potential for future expansion or redevelopment. Investors seeking to increase density or maximize long-term returns are encouraged to perform their own due diligence regarding zoning, approvals, utility availability, and development feasibility.
Investment properties offering current income, value-add potential and attractive presentation are becoming increasingly difficult to find. Don't miss this chance to acquire a unique multi-family asset with both immediate cash flow and significant long-term upside.
Location
State OH
County Mahoning
Interior
Heating Gas, Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Laundry Common Area, Lower Level
Exterior
Exterior Feature Storage
Parking Features Asphalt, Covered, Detached Carport, Parking Lot
Carport Spaces 4
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Lot Description See Remarks
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Boardman Lsd - 5002
Others
Tax ID 29-015-0-175.00-0
Special Listing Condition Standard
Nearby Locations
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