Prime investment opportunity in Glouster, Ohio! Prime investment opportunity in Glouster, Ohio! This fully occupied triplex generates $1,880 in monthly rental income, with two 1-bedroom units renting for $700 each and one 1-bedroom unit renting for $480. The property has been meticulously maintained, including a complete top to bottom remodel of two units in 2021-everything from subflooring to light fixtures was replaced-and the addition of a brand-new deck. A storage building on the property offers additional potential and could be converted into another rental unit to boost income. With paying tenants in place and $17,869 in net income in 2023 at a 25% profit margin, this property needs nothing and is truly turnkey. An excellent chance to own a profitable asset with the added option to expand your portfolio by purchasing the neighboring triplex at 18 North, also for sale!
For sale
Price cut: $5.1K (2/27)
$169,900
22 Fairlawn Ave, Glouster, OH 45732
3beds
3baths
--sqft
Est.:
Multi Family, Multi-Family Units, Investment Property (Rental), Triplex
Built in 1900
-- sqft lot
$168,000 Zestimate®
$--/sqft
$-- HOA
What's special
Brand-new deck
- 130 days
- on Zillow |
- 216 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: March 02, 2025 at 06:32pm
Listed by:
Ally Rapp Lee (740)590-8998,
The Athens Real Estate Co., Ltd.
Source: Athens County BOR,MLS#: 2432921

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air-Gas, Baseboard-Electric
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Oven/Range- Electric
Features
- Laminate Counters
- Flooring: Carpet, Laminate
Interior area
- Total structure area: 0
Video & virtual tour
Property
Lot
- Size: 6,098.4 Square Feet
Details
- Parcel number: M040030008300
- Zoning description: None/Unknown
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Multi-Family Units, Investment Property (Rental), Triplex
Materials
- Vinyl Siding
- Foundation: Concrete Block
- Roof: Asphalt Shingle,Metal
Condition
- Year built: 1900
Utilities & green energy
- Electric: Power: AEP
- Water: Public
- Utilities for property: Natural Gas Connected, Garbage Collection, Contact Utility Company
Community & HOA
Location
- Region: Glouster
Financial & listing details
- Tax assessed value: $44,730
- Annual tax amount: $772
- Date on market: 12/16/2024
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