About This Home

This 6-bedroom, 4-bathroom multi-family at 309 S Third St in Racine, OH is listed for $189,000 ($134 per sqft). Built in 1930, the home offers 1,412 sqft of living space on a 0.25 acres lot.

Key Features

  • Built in 1930
  • 0.25 acre lot

Property Details

4 full
1930

Amenities

A/C
Listing Description

INCOME-PRODUCING INVESTMENT OPPORTUNITY IN RACINE, OHIO Looking to expand your real estate investment portfolio? Take a look at this four-unit apartment building located at 309 S. Third Street in Racine, Ohio! This established rental property offers four individual apartments, providing multiple streams of rental income under one roof.The property

features two 2-bedroom apartments, one 1-bedroom apartment, and one studio apartment, each with its own bathroom. Currently generating $2,425 in gross monthly rental income, or $29,100 annually, this property offers an opportunity for investors seeking an established rental investment.

The building offers functional living spaces, updated electrical boxes, and opportunities for cosmetic improvements. Tenants pay their own electricity and heating expenses, while the owner covers water, sewer, and trash services. Whether you're looking to begin your investment journey or add another income-producing property to your portfolio, this four-unit rental property is worth a look!

Monthly Cost Estimate

$1,011/mo

20% down · 6.5% · 30 years

Principal$137
Interest$819
Insurance$55

Estimates only. Actual payments may vary.

Location

309 S Third St

Racine, OH 45771

Features & Amenities

Interior Features

Flooring- Laminate, Flooring- Concrete

Property Details

Heating

Other (Heating)Wall Furnace

Cooling

Window Unit(s)

Questions & Answers

This 6-bedroom, 4-bathroom multi-family at 309 S Third St is listed at $189,000 ($134/sqft). The estimated monthly payment is $1,011 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.25 acre lot. Interior Features: Flooring- Laminate, Flooring- Concrete.

This property is listed by Holly Deem.

HD

Holly Deem

License SAL.2014003469

Agent at Cleland Realty inc.

Listed by Cleland Realty inc. · Broker phone: (740) 992-2259

MLS# 2435644· Source: Athens County Board of Realtors· 6 days on PropertySimple

Copyright © 2026 Athens County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

309 S Third St, Racine, OH 45771

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