Huge multifamily featuring five three bedroom units and additional acreage. Former nursing home converted into cash-flowing apartment with gross income of $59,400, four leases that expire in the spring and one month-to-month tenant. 8% cap rate with actuals. Great up side with market rental comps of $1250-$1400. LOW OWNER EXPENSES. Tenants pay water and heat, owner pays trash and common space electric. Short distance to The Village of Morrow!
Sold for $451,000 on 04/21/23
$451,000
465 E Pike St, Morrow, OH 45152
15beds
5,838sqft
5+ Units, Multi Family
Built in 1953
-- sqft lot
$480,400 Zestimate®
$77/sqft
$1,584 Estimated rent
Owner options
What's special
Zillow last checked: November 26, 2025 at 10:53pm
Listing updated: April 26, 2023 at 05:25am
Listed by:
Michelle Parsley,
Keller Williams Advisors Rlty
Bought with:
Jamie Rudy
Coldwell Banker Heritage
Source: DABR MLS,MLS#: 880206Originating MLS: Dayton Area Board of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
- Full bathrooms: 7
- 1/2 bathrooms: 1
Heating
- Other
Cooling
- None
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,838
- Total interior livable area: 5,838 sqft
Property
Parking
- Parking features: None
Lot
- Size: 1.45 Acres
Details
- Parcel number: 17122260051
- Zoning description: Residential
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units, Multi Family
Materials
- Aluminum
Condition
- Year built: 1953
Community & neighborhood
Location
- Region: Morrow
- Subdivision: Pinecrest
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
$480,400