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2234 Putnam Street

Sandusky, OH 44870
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Bed --

Bed

Bath 0

Bath

SqFt3,700

Sqft

Acres0.06

Acre(Lot)

Beautiful 5-unit apartment property located on the corner of E. Perkins and and Putnam just on the edge of Sandusky near Perkins Township. This well maintained investment property offers a strong rental setup with tenants paying their own electric and heat, while the owner currently pays for gas for hot water and garbage.The property features a great unit mix, including a 2-bedroom second-floor unit, a 2-bedroom first-floor unit, a 1-bedroom first-floor unit, a 1-bedroom stand-alone home, and a first-floor efficiency. This setup gives an investor multiple income streams with a variety of unit types that appeal to different rental needs.The property has been very well cared for and includes an extremely clean basement, two boilers that are approximately 2 years old, water heater that is app roximately 2 years old and roof is about 10 years old with much life left. There is also a one-car garage for storage and enough off-street parking for approximately 10 cars, which is a major benefit for a multi-unit property.As it currently sits, the property offers a solid cap rate, but with a few minor adjustments, there is potential to increase the cap rate up to approximately 15.5%, making this an excellent income-producing opportunity.This property could also be an excellent owner-occupied opportunity. Live in one unit and let the rental income from the other units help pay your mortgage. Whether you are an experienced investor, a first-time investor, or someone looking to reduce your monthly housing cost, this property offers strong income potential, a convenient Sandusky location, valuable parking, updated mechanicals, and upside for future returns.

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Detail Ic Property Details

Property Type : Residential Income

Price : $399,700

AD Id : 79767246

MLS Id : 20262032

Lot Size : 0.06 Acre

Living Area Size : 3,700

Year Built : 1940

Garage : 1

County : Erie

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Partial
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Laundry Features: In Basement
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air, Hot Water

  • Building Information

    Year Built: 1940 Building Area Total: 3700 Construction Materials: Aluminum Siding, Wood Siding Private Pool: No

  • Lot Information

    Lot Dimensions: 122 x 96 (approximate) Lot Size Acres: 0.063 Lot Size Square Feet: 2744

  • Listing Price Information

    Listing Price: $399700

  • Tax Information

    Parcel Number: 5800431000 Tax Year: 2026 Tax Legal Desc: 544 PUTNAM ST WH 542WH EX N 11

  • Parking Information

    Paved

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
909 First Street, Sandusky, OH, 44870 $230,000 -- -- --
903 Franklin Street, Sandusky, OH, 44870 $125,000 -- -- --
519 Huron Ave Ave, Sandusky, OH, 44870 $428,500 -- -- 5,562 5,562 SqFt
715 Wayne Street, Sandusky, OH, 44870 $150,000 -- -- 1,640 1,640 SqFt
333 E Washington Street, Sandusky, OH, 44870 $2,750,000 -- -- 4,527 4,527 SqFt
801 Hayes Avenue, Sandusky, OH, 44870 $799,900 -- -- 13,468 13,468 SqFt
1501 Hayes Avenue, Sandusky, OH, 44870 $199,900 -- -- 3,426 3,426 SqFt
831 Decatur Street, Sandusky, OH, 44870 $259,900 -- -- 2,245 2,245 SqFt
811 W Osborne St Street, Sandusky, OH, 44870 $225,000 -- -- 2,416 2,416 SqFt
1618 Mcdonough St, Sandusky, OH, 44870 $400,000 -- -- 4,666 4,666 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Firelands Association of REALTORS®. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright ©2026 Firelands Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 07/18/2026 @ 20:31

MLS: 20262032 LISTED BY: Jeffrey Smith, Berkshire Hathaway HomeServices Pro. - Sandusky SOURCE: Firelands Association of REALTORS

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