About This Home
This 12-bedroom, 6-bathroom multi-family at 2824 Haines Road in Madison, OH is listed for $549,990 ($75 per sqft). Built in 1910, the home offers 7,297 sqft of living space on a N/A lot.
Key Features
- Built in 1910
Property Details
SIX-UNIT investment opportunity on 1.8 acres in Madison with immediate cash flow potential. Two buildings offer a total of six fully rented units, generating income today with the potential to exceed $7,000 per month. The property includes 12 bedrooms and 6 full baths across a versatile unit mix.
The main house features a 3-bedroom, 1-bath unit on the main level, a 2-bedroom, 1-bath unit on the second floor (rent is $1,400/mo, lease expires 6/30/2027), and a 1-bedroom, 1-bath unit at the rear of the main level. The second building includes a 2-bedroom, 1-bath unit on the main level (rent is $1,200/mo, month-to-month lease), a 3-bedroom, 1-b
ath unit on the second floor (rent is $1,200/mo, lease expires 10/31/2026), and a studio apartment with a full bath in the walkout basement. Some units offer in-suite laundry, adding convenience for tenants. All utilities are currently included in the rent.
Situated on a spacious 1.8-acre parcel with ample outdoor space, this is an excellent opportunity to expand or add to an investment portfolio with a fully occupied, income-producing property. Recent updates include full renovation of the back unit in the main building (2024) and replaced kitchen appliances in 1st-floor unit and loft unit of red building (2025).
Monthly Cost Estimate
$2,941/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2824 Haines Road
Madison, OH 44057
Questions & Answers
This 12-bedroom, 6-bathroom multi-family at 2824 Haines Road is listed at $549,990 ($75/sqft). The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910.
This property is listed by Adam T Zimmerman.
Adam T Zimmerman
Agent at Engel & Volkers Cleveland