116 Central Avenue, Athens, OH 45701

$197,000
Property Type: Multi-Family Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $197,000 List Date: 1/06/2026 Last Modified: 2/07/2026

Description

Excellent investment opportunity! This well-maintained duplex offers immediate and future income potential. Recent major upgrades include a new metal roof (2025), vinyl siding, and newer replacement windows installed in recent years. One unit features a new hot water tank (2025). Unit 118 is currently rented through June 2026, providing stable cash flow, while the second unit is vacant—ideal for value-add potential or owner occupancy. Minor cosmetic updates are needed, including flooring replacement and stair carpeting, offering an opportunity to increase rental value. Property is currently zoned as an owner-occupied rental; buyers may pursue a variance with the city for full rental use. All appliances convey with the sale. Each unit includes a spacious landing at the top of the stairs, which could potentially be utilized as an additional bedroom or flex space. The property also features a large backyard shed, perfect for conversion into a studio, workshop, or additional income-producing space. Strong upside potential—don't miss this opportunity to add a solid asset to your portfolio.

Supplements: ********

More Information MLS# 226000316

Location & Property Info

List Price/SqFt: 87.05 City (Mailing Addr): Athens Corp LimitPerAuditor: Athens

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

Built Prior to 1978: Yes Building Sqft: 2240 Lot Size (Side): 126 Number of Units: 2 Year Built: 1900 Acreage: 0.14

Tax Info

Zoning: owner occupied Tax Abatement: No Taxes (Yrly): 3354 Parcel #: A02-80400060-00 Tax Year: 2024

Remarks & Misc

Property Description: Excellent investment opportunity! This well-maintained duplex offers immediate and future income potential. Recent major upgrades include a new metal roof (2025), vinyl siding, and newer replacement windows installed in recent years. One unit features a new hot water tank (2025). Unit 118 is currently rented through June 2026, providing stable cash flow, while the second unit is vacant—ideal for value-add potential or owner occupancy. Minor cosmetic updates are needed, including flooring replacement and stair carpeting, offering an opportunity to increase rental value. Property is currently zoned as an owner-occupied rental; buyers may pursue a variance with the city for full rental use. All appliances convey with the sale. Each unit includes a spacious landing at the top of the stairs, which could potentially be utilized as an additional bedroom or flex space. The property also features a large backyard shed, perfect for conversion into a studio, workshop, or additional income-producing space. Strong upside potential—don't miss this opportunity to add a solid asset to your portfolio.

Status Change Info

Sold Price/SqFt: 87.95 Under Contract Date: 2026-01-11 Sold Date: 2026-02-06 Sold Price: $197,000

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

2 Bedroom

2 Bedroom # of Units: 2 2 Bedroom Month Rent Per Unit: 1000

Construction

Vinyl Siding: 1

Parking Features

Detached Garage: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Services Available

Electricity Available: 1 Natural Gas Available: 1 Sewer Available: 1 Water Available: 1

Miscellaneous

Basement: 1 Garages: 1 W/D Hookups: 1

Auction Info

Auction/Online Bidding Y/N: No

New Financing

Conventional: 1

Air Conditioning

Window Unit(s): 1

MLS Primary PhotoSrc

Realtor Provided: 1

Sale Info

Seller Assisted Fin: N Seller/Buyer Concessions: N

Location Property Info

Original List Price: 195000 Sold Price: $197,000 Property Sub Type: Duplex Street #: 116 Street Name: Central Street Suffix: Avenue County: Athens State: OH Zip Code: 45701 School District: ATHENS CSD 502 ATH CO. Township: Athens

OfficeContract Info

Status: Closed MLS Entry Date: 2026-01-05

Property Features

Addl Acceptance Cond: None Known Parking Features: Detached Garage Air Conditioning: Window Unit(s) Construction: Vinyl Siding Water Source: Public Sewer: Public Sewer Services Available: Electricity Available; Natural Gas Available; Sewer Available; Water Available Miscellaneous: Basement; Garages; W/D Hookups New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided
Listing Office: Howard Hanna Real Estate Servc
Listing Agent: Sherri McDonald
Last Updated: February - 07 - 2026
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