1006 Stoney Springs Road
Vandalia, OH 45377
8
Bed
4
Bath
4,287Sqft
16,553Sqft(Lot)
Strong value-add opportunity with newer mechanical systems already in place, giving investors a solid foundation and a quick path to repositioning. This 4-unit building in Vandalia is fully occupied with flexible tenants, allowing a buyer to transition units to vacancy quickly and begin updates right away. With the major systems already functioning well, investors can focus their capital on cosmetic improvements and immediately move rents toward current market levels of approximately $1,050 per unit. The property has been consistently rented, offering dependable baseline performance while providing clear upside through renovation and lease-up. Whether you plan to modernize the units, stabilize at market rent, or reposition for a stronger cap rate, this asset delivers a fast turnaround and
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 4 Full Baths: 4 -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1972 Building Area Total: 4287 Construction Materials: Brick Private Pool: No
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Lot Information
Lot Dimensions: 123 x 112 Main Square Feet: 16553 Square Feet Lot Size Acres: 0.38 Lot Size Source: Assessor Lot Size Square Feet: 16553Property Information
Subdivision: Randler Park Source Property Type: Residential Income Zoning Description: Multiple Property SubType: Multi Family Property Age: 54
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Listing Price Information
Listing Price: $380000
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Tax Information
Parcel Number: B02-00705-0009 Tax Legal Desc: 39 RANDLER PARK SUBD SEC 4
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 332 Marview Avenue, Vandalia, OH, 45377 | $210,000 | -- | -- | -- | 0.17 Acre |
| 533 Karns Drive, Vandalia, OH, 45377 | $339,900 | 6 | 4 | 3,267 | 10,019 Sqft |
Similar Multifamily To 1006 Stoney Springs Road
Nearby For Sale
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ByOwner last updated this listing 09/04/2026 @ 19:25
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