$950,000
About this home
Rare investment opportunity in the heart of Oberlin — a town known for its historic charm, vibrant arts culture, and the nationally acclaimed Oberlin College Conservatory, ranked among the top programs in the country. Ideally located minutes from campus, Finney Chapel performances, Tappan Square gatherings, local shops, restaurants, and major highways, this beautifully maintained 11-unit multifamily property combines strong financial performance with long-term tenant appeal. This turnkey asset features a desirable unit mix of one studio, two one-bedroom, and eight two-bedroom apartments, with 10 of 11 units offering recently updated interiors designed to attract quality tenants. Recent capital improvements include a new boiler, two new water heaters, all new windows, keypad entry systems, updated kitchens and bathrooms, upgraded laundry machines, parking lot resurfaced, and new concrete patios were installed. Amenities include secure building entry, well-appointed common areas, revenue-producing onsite laundry, and numbered parking for each unit. The property has maintained an average 97% occupancy over the past 2.5 years, reaching 98% over the last calendar year, supported by stable, long-term tenancy. A 5.25% assumable loan is available. Full financials available upon request. An exceptional opportunity for investors seeking a well-positioned, income-producing asset in one of Northeast Ohio’s most distinctive and consistently desirable communities.
Property details
- MLS
- NOWDD
- MLS #
- 5189597
- Property type
- Apartment
- Subdivision
- Russia
- Status
- Active
- Days on market
- 91
- On market date
- March 4, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.37 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 1
- District
- Oberlin City Schools
- Enrollment
- 207
- Student:teacher ratio
- 9.4:1
- District
- Oberlin City Schools
- Enrollment
- 245
- Student:teacher ratio
- 11.7:1
- District
- Oberlin City Schools
Walkability
Blended score for Oberlin's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated June 3, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.