#20252104, Jeffrey S Smith, Listing office: Berkshire Hathaway HomeServices Pro. - Sandusky
Property details
About 516 Franklin St
Great Investment Opportunity - Updated Stone Duplex with Strong Rental Income. Don't miss out on this downtown Sandusky duplex offering excellent cash flow and long-term stability. The lower unit features 3 spacious bedrooms and is rented for $1,200/month. Upper unit includes 2 bedrooms,2 Baths and rents for $995/month. Both units were tastefully updated about 5 years ago and have been well maintained. These desirable units are easy to rent and currently occupied with Section 8 tenants. Tenants pay their own electric. Owner is responsible for water, gas, and garbage. With a net annual income of just under $18,000, this property delivers an attractive 10% cap rate at current rents. Whether you're expanding your portfolio or looking for your first multifamily investment, this property is a solid choice. Seller is selling portfolio of 3 SFR's and 2 Duplexes. If interested in the entire portfolio, more properties could be added.
Highlights
Home typeDuplex
HeatingHot Water
StatusActive
Size2,492 sqft
BasementYes
Lot size0.1182 Acres
Year built1896
ParkingPaved Drive, Off Street, Shared Drive
MLS #20252256
Summary
- Basement: Yes
- Attached Garage: No
- Parking: Paved Drive, Off Street, Shared Drive
- Heating: Hot Water
- List Price: $179,900
- Price/SqFt: $72
- Annual Tax Amount: $2,012
- Tax Year: 2023
- Year Built: 1896
- Living Area: 2,492 SqFt
- Lot Size: 0.1182 Acres
- MLS Number: 20252256
- MLS Name: Firelands Multiple Listing Service
- Office Name: Berkshire Hathaway HomeServices Pro. - Sandusky
- Office Phone: (419) 239-3472
- Office Email: jeffshomes55@gmail.com
- Listing Agent: Jeffrey S Smith
Information Deemed Reliable, but Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Firelands MLS, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Firelands Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/29/2025, 8:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 13, 2020 | Home Sold | $60,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $39,430 | $2,012 |
| 2022 | $39,441 | $1,999 |
| 2021 | $13,010 | $665 |
| 2020 | $14,000 | $779 |
| 2019 | $30,170 | $1,726 |
| 2018 | $30,170 | $1,728 |
| 2017 | $30,950 | $1,778 |
History based on county public records data.
Nearby schools
3
Sandusky Intermediate School
Public District 3-6
1.3 mi
•2020 Hayes Ave
5
Meadowlawn Elementary School
Public District 3-6
2.6 mi
•1313 E Strub Rd
5
Margaretta Elementary School
Public District PK-5
5.8 mi
•5906 Bogart Rd W
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,815. Residents of Sandusky, OH typically earn less than $<35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
59%
<35k
36%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
19%
Single, with Kids
16%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
36%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Soccer
Horse Races
Where do the neighbors shop?
Burlington
Forever 21
Stein Mart
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
LongHorn Steakhouse
What do the neighbors drive?
Dodge
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 516 Franklin St
The listing price of 516 Franklin St property is $179,900.
The property 516 Franklin St is a multi located in Sandusky, Ohio, 44870.
Active Listing: 516 Franklin St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 516 Franklin St are: Sandusky Intermediate School (GreatSchools Rating 3/10), Meadowlawn Elementary School (GreatSchools Rating 5/10), Margaretta Elementary School (GreatSchools Rating 5/10), Monroe Preparatory Academy (GreatSchools Rating 4/10), Sandusky Middle School (GreatSchools Rating 4/10), Briar Middle School (GreatSchools Rating 5/10), Sandusky High School (GreatSchools Rating 4/10), Perkins High School (GreatSchools Rating 7/10), Margaretta High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $2,012 (source: MLS/based on county public records data).
The last sale was on March 13, 2020 for $60,000 (source: MLS/tax record).
The property 516 Franklin St is 2,492 SqFt (source: MLS/tax record).
The year of construction for 516 Franklin St is 1896.
This home is located at 516 Franklin St in Sandusky, OH and zip code 44870. This 2,492 square foot home, which was built in 1896, sits on a 0.12 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 20, 2025 and is currently priced at $179,900.
In June 2025, from all listings sold in Sandusky, OH there were more than 12 sold above asking price, over 11 sold below and more than 4 were sold right at the asked price. The number of listings in Sandusky, OH increased by 6.7% between May and June 2025. Listings spent 56 days on the market in June 2025, and had a median list price of $184,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.