- 8 beds
- 4 baths
- 3,300 sqft
- $90 per sqft
- 1967 build
- – on site
Great Investment Opportunity! Fully Rented, Turnkey Brick Apartment Building – 7.66% % CAP Rate Don’t miss this rare chance to own a well-maintained, income-producing property in the heart of McConnelsville! This solid brick apartment building, located at 545 E. McConnell Ave., is in excellent condition and offers three spacious, fully rented units with a strong rental history and zero downtime during recent turnovers. **Property Features:** * **Unit 1:** 2 bed / 1 bath * **Unit 2:** 2 bed / 1 bath * **Unit 3:** 4 bed / 2 bath – *potential to convert into two separate units for increased income* * On-site laundry in every unit * Generous storage throughout * Outdoor porches and upper-level balcony for added charm and tenant appeal This property has been expertly maintained and boasts steady occupancy with high demand. With a 7.66% CAP rate, immediate cash flow, and future upside by converting Unit 3 into two apartments, this is an ideal addition to any investor’s portfolio. Schedule a showing today and seize this incredible opportunity! This is the kind of rental investors look for: clean numbers, reliable tenants, and a great area. Don’t miss out.
Last checked:
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Last updated May 31, 2025
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MLS# 5123896 —
The Building
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Year Built:1967
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Year Built Source:PublicRecords
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Construction Materials:Brick
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Direction Faces:West
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Window Features:DoublePaneWindows,InsulatedWindows
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Patio And Porch Features:Balcony
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Levels:Two
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Stories:2
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Roof:Metal
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Basement:CrawlSpace,None
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Basement:false
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# of Buildings:1
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Stories Total:2
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Above Grade Finished Area:3300.0
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Above Grade Finished Area Source:Assessor
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Below Grade Finished Area Source:Assessor
Interior
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Rooms Total:16
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Accessibility Features:None
Room Dimensions
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Living Area:3300.0
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Living Area Units:SquareFeet
Financial & Terms
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Possession:DeliveryOfDeed
Location
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Directions:State Route 60 to Main Street, McConnelsville, turn onto 10th Street, proceed to Left onto E McConnel Avenue, located at the corner of McConnel Ave and 11th St.
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Latitude:39.645873
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Longitude:-81.847281
The Property
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Parcel Number:140-007-750-0
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Lot Features:CityLot,Flat,Level
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Lot Size Acres:0.28
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Lot Size Area:0.28
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Lot Size Units:Acres
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Lot Size Source:Assessor
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View:true
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View:City
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Exterior Features:Balcony
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (740) 336-8453
- Office phone:
- (740) 573-3196
Taxes
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Tax Year:2024
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Tax Legal Description:IN LOT 11 GODDARDS ADDITION
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Tax Annual Amount:$3,205
Beds
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Bedrooms Total:8
Baths
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Total Baths:4
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Full Baths:4
The Listing
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Listing Terms:Cash,Conventional
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Home Warranty:false
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/545-E-Mcconnel-Avenue-Mcconnelsville-OH-43756/unbranded
Heating & Cooling
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Heating:ForcedAir,Gas
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Heating:true
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Cooling:CentralAir
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Cooling:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:Dryer,Range,Refrigerator,Washer
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Laundry Features:InUnit
Schools
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Elementary School District:Morgan LSD - 5801
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Middle School District:Morgan LSD - 5801
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High School District:Morgan LSD - 5801
The Community
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Subdivision Name:Goddards Add
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Pool Private:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Gravel,OffStreet,OnStreet,Unpaved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/30/25
May 30, 2025
|
Relisted | MLS_NOW | $299,000 | |
8/21/23
Aug 21, 2023
|
Pending | MLS_NOW | ||
8/18/23
Aug 18, 2023
|
Sold | MLS_NOW |