Fantastic Turnkey Investment Opportunity – 4-Unit Brick Building on Oversized Lot!
This is a prime opportunity for investors looking to expand their portfolio with a fully renovated, all-brick 4-unit property situated on an extra-large lot—originally three parcels combined, offering exciting potential for future expansion.
Each spacious unit offers approximately 972 sqft of living space, featuring 2 bedrooms, 1 full bath, a cozy fireplace in the living room, and a private patio with elegant Travertine tile. The large dining room with built-ins opens to a well-equipped kitchen with a gas range, refrigerator, and dishwasher.
Recent updates include a new roof (2021), windows, and four hot water tanks (2017). The basement offers shared laundry (2 washer/dryer sets) and private storage units for each tenant.
Tenants will appreciate the ample green space, generous parking, and convenient location near parks, the marina, restaurants, and more. Each unit has a private balcony on the street side and a semi-private patio on the west side. Also, each unit has a private entrance in the back in addition to the shared entrance on 44th street. Lot could possibly be split into two and a second development might be possible (buyer to do their own research).
Whether you're a seasoned investor or just starting out, this turnkey property offers strong rental appeal and future growth potential.
Sold for $315,000 on 07/03/25
$315,000
513 W 44th St, Ashtabula, OH 44004
8beds
5,832sqft
Quadruplex, Multi Family
Built in 1917
-- sqft lot
$330,800 Zestimate®
$54/sqft
$1,264 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 22, 2025 at 11:11am
Listing Provided by:
Lisa K Sisko 440-781-4557 shannon@lisasiskoteam.com,
Keller Williams Greater Metropolitan,
Shannon O'Hara 440-781-4557,
Keller Williams Greater Metropolitan
Bought with:
Shelley K Lipps, 2015004986
Assured Real Estate
Source: MLS Now,MLS#: 5113295
Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Laundry: Common Area, Lower Level
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 5,832
- Total interior livable area: 5,832 sqft
- Finished area above ground: 3,888
- Finished area below ground: 1,944
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached, Garage, Other, Paved
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.43 Acres
Details
- Parcel number: 052140008500
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1917
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Ashtabula
- Subdivision: Frederick Kinamans Town
Other
Other facts
- Listing terms: Cash,Conventional
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$330,800
2% more+$6,616
With Zillow Showcase(estimated)$337,416