Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.
Sold for $1,225,000 on 02/06/25
$1,225,000
497 Old Boston Rd, Batavia, OH 45103
40beds
--baths
19,260sqft
Apartment
Built in 1970
-- sqft lot
$1,302,600 Zestimate®
$64/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 06, 2025 at 12:43pm
Listed by:
Jon A DeCurtins 513-600-7231,
ERA REAL Solutions Realty, LLC 513-873-6116,
John B Trautmann 513-315-8629,
J.A. Trautmann Realty, Inc., W
Bought with:
Non Member
NonMember Firm
Source: Cincy MLS,MLS#: 1822853
Originating MLS: Cincinnati Area Multiple Listing Service

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 40
Heating
- Electric, Forced Air
Cooling
- Central Air, Separate Air Conditioning
Appliances
- Laundry: Coin Laundry
Features
- Storage
- Windows: Aluminum Frames, Vinyl
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 19,260
- Total interior livable area: 19,260 sqft
Property
Parking
- Total spaces: 80
- Parking features: Asphalt
- Garage spaces: 40
- Uncovered spaces: 40
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
Lot
- Size: 1.25 Acres
Details
- Parcel number: 060226.043.
- Zoning description: Multi Family,Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Shingle,Membrane
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Gas: None
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Batavia
Other
Other facts
- Listing terms: No Special Financing,Conventional
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Estimated market value
$1,302,600