221 W Main Street, Somerset, OH 43783
$1,150,000
Property Type:
Multi-Family
Lot Size (sq. ft.):
21,780
Status:
Active
Current Price:
$1,150,000
List Date:
5/21/2026
Last Modified:
5/21/2026
Overview
Description
221 West Main Street in historic Somerset offers an outstanding multi-family investment opportunity featuring nine total apartment units all situated on a half-acre lot with minimal yard maintenance. The property includes four newly constructed 2-bedroom, 1-bath apartments built in 2024, offering modern layouts with washer and dryer hookups along with full kitchen appliance packages. In addition, the property features four well-maintained brick 2-bedroom, 1-bath apartments built in 1980, plus one 1-bedroom, 1-bath apartment. The older brick building includes an on-site laundry facility for tenant convenience. This income-producing property provides a strong blend of modern construction and established rental history in a desirable village location with ample parking and easy upkeep. Excellent opportunity for investors seeking a turnkey multi-family property with a diverse unit mix and long-term income potential. More photos soon
Listing Details MLS# 226018128
Location Property Info
- Original List Price
- 1150000
- Property Sub Type
- Twin Single
- Street #
- 221
- Street PreDirection
- W
- Street Name
- Main
- Street Suffix
- Street
- County
- Perry
- State
- OH
- Zip Code
- 43783
- School District
- NORTHERN LSD 6403 PER CO.
- Township
- Reading
OfficeContract Info
- MLS Entry Date
- 2026-05-21
General Property Info
- Number of Units
- 9
- # of Buildings
- 4
- Building Sqft
- 6555
- Year Built
- 2024
- Built Prior to 1978
- No
- Lot Size (Side)
- 165
- Acreage
- 0.5
Tax Info
- Parcel #
- 320003230000
- Mult Parcels/Sch Dis
- Yes
- Addl Parcel Numbers
- 320005120000
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 7172
- Tax Incentive
- No
1 Bedroom
- 1 Bedroom # of Units
- Yes
- 1 Bedroom Month Rent Per Unit
- 750
2 Bedroom
- 2 Bedroom # of Units
- 4
- 2 Bedroom Month Rent Per Unit
- 1350
More Information
Other
- Other # of Units
- 4
- Other Month Rent Per Unit
- 950
Expenses
- R.E. Taxes
- 7172
- Property Insurance
- 732
- Water Expense
- 7200
- Off-Site Management
- 0
- Property Management
- 0
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 175.44
- City (Mailing Addr)
- Somerset
- Corp LimitPerAuditor
- Somerset
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- 221 West Main Street in historic Somerset offers an outstanding multi-family investment opportunity featuring nine total apartment units all situated on a half-acre lot with minimal yard maintenance. The property includes four newly constructed 2-bedroom, 1-bath apartments built in 2024, offering modern layouts with washer and dryer hookups along with full kitchen appliance packages. In addition, the property features four well-maintained brick 2-bedroom, 1-bath apartments built in 1980, plus one 1-bedroom, 1-bath apartment. The older brick building includes an on-site laundry facility for tenant convenience. This income-producing property provides a strong blend of modern construction and established rental history in a desirable village location with ample parking and easy upkeep. Excellent opportunity for investors seeking a turnkey multi-family property with a diverse unit mix and long-term income potential. More photos soon
Income/Expenses
- Gross Income
- 119400
- Net Operating Income
- 100442
- Total Expenses
- 18958
Addl Acceptance Cond
- None Known
- Yes
Construction
- Brick
- Yes
- Vinyl Siding
- Yes
Heat Fuel
- Electric
- Yes
Parking Features
- No Garage
- Yes
Water Source
- Private
- Yes
Sewer
- Public Sewer
- Yes
Tenant Pays
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
- Electricity
- Yes
Heating
- Forced Air
- Yes
- Other
- Yes
Air Conditioning
- Central Air
- Yes
- None
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
No Garage
Tenant Pays:
Electricity; Gas; Sewer; Water
Heat Fuel:
Electric
Heating:
Forced Air; Other
Air Conditioning:
Central Air; None
Construction:
Brick; Vinyl Siding
Water Source:
Private
Sewer:
Public Sewer
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Hill Real Estate
Listing Agent:
Eric Correll
Last Updated: May - 21 - 2026
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