35
See all 35 photos
$950,000
Est. payment /mo
0.37 Acres Lot
Active Under Contract
540 W College ST Oberlin, OH 44074
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Russia
MLS Listing ID 5189597
HOA Y/N No
Year Built 1966
Annual Tax Amount $7,769
Tax Year 2025
Contingent Inspections
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Apartment
Property Description
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.
Location
State OH
County Lorain
Interior
Heating Gas, Radiant
Cooling None
Fireplace No
Exterior
Parking Features Parking Lot
Roof Type Membrane
Building
Foundation Slab
Schools
School District Oberlin Csd - 4712
Others
Tax ID 09-00-084-101-075
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Joe Vaccaro • EXP Realty, LLC. • joe@vaccaroteam.com, 216-503-7007
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Lyndsay Maynard
Broker Associate, Owner, Agent | OH & WV | License ID: SAL.2019000181, WVS200301118
QUICK SEARCH