About This Home

This 8-bedroom, 4-bathroom multi-family at 850 Mathews Road in Youngstown, OH is listed for $345,000. Built in 1969, on a 0.59 acres lot.

Key Features

  • Built in 1969
  • 0.59 acre lot
  • 2 stories

Property Details

2 stories
4 full
1969

Amenities

A/C
Listing Description

Premier Multi-Family Portfolio Acquisition | 8 Total Units | Value-Add & Future Development Potential Exceptional opportunity to acquire two adjacent four-unit apartment buildings located at 850 Mathews Rd. (MLS #5231061) and 860 Mathews Rd. (MLS #5231371) in Youngstown, Ohio.

Offered together as a single portfolio acquisition, investment consists of eight remodeled 2-bedroom, 1-bath units housed in low-maintenance brick buildings. The properties offer attractive curb appeal with decorative shutters and elegant etched-glass entry doors complemented by matching sidelights, creating a welcoming first impression and enhancing the overall appearance of the buildings.

Each property features covered carports and coin-operated laundry facilities. The combination of stable occupancy and additional revenue sources makes this an outstanding addition to both new and seasoned investment portfolios. A unique feature of the portfolio is Unit 860-4, which offers the flexibility to serve as an owner's residence or an on-site property manager's suite.

This upgraded unit features stainless steel appliances, a dishwasher, extended countertops, and a convenient breakfast bar, providing a more residential feel for owner-operators or management personnel. Beyond the current cash flow, these properties offer a compelling value-add opportunity.

Each building sits on an oversized parcel that may provide potential for future expansion or redevelopment. Investors seeking to increase density or maximize long-term returns are encouraged to perform their own due diligence regarding zoning, approvals, utility availability, and development feasibility.

Investment properties offering current income, value-add potential and attractive presentation are becoming increasingly difficult to find. Don't miss this chance to acquire a unique multi-family asset with both immediate cash flow and significant long-term upside.

Monthly Cost Estimate

$1,845/mo

20% down · 6.5% · 30 years

Principal$250
Interest$1,495
Insurance$101

Estimates only. Actual payments may vary.

Location

850 Mathews Road

Youngstown, OH 44512

Features & Amenities

Exterior Features

Storage

Property Details

Construction

Brick

Parking

CarportParking LotCovered

Heating

RadiantNatural Gas

Cooling

Window Unit(s)

Appliances

DryerRangeRefrigeratorWasher

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 850 Mathews Road is listed at $345,000. The estimated monthly payment is $1,846 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1969, 0.59 acre lot, 2 stories. Exterior Features: Storage.

This property is listed by Ray Hall and can be reached at 3307662664.

RH

Ray Hall

Agent at Keller Williams Chervenic Realty

(330) 766-2664

Listed by Keller Williams Chervenic Realty · View on Broker Site

MLS# 5231061· Source: listhub· 2 days on market

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850 Mathews Road, Youngstown, OH 44512

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