305 N Broadway St, Spencerville, OH, 45887
About This Home
High-Yield Investment Opportunity! Secure an immediate high-return addition to your portfolio with this versatile three-unit rental property. This well maintained property is an absolute powerhouse for income seekers, generating nearly $30,000 in annual net income through its established rental history. Ideally suited for a long-term ''buy and hold'' strategy, and uniquely features permissive industrial zoning, providing a rare layer of flexibility and long-term land value that is difficult to find in standard residential investments. The primary structure is substantial, offering a spacious 1,283 square feet on the first floor and 909 square feet on the upper level. Currently configured as a three-unit rental, the layout includes four bedrooms and three full bathrooms. Tenants will appreciate the varied outdoor living spaces, including a 281-square-foot open masonry porch, multiple wood decks, and two enclosed porches. In addition to the main units, the property includes a 360-square-foot detached frame garage that offers secure in-demand storage for tenants. This is a prime opportunity to acquire a cash-flowing asset, with industrial zoning that paves the way for future growth and specialized use cases in the heart of Spencerville.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Full bathrooms: 3
Property
Lot
- Lot size: 9,765 sqft
Parking
- Parking features: See Remarks
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,006 | $12,072 |
| Home Insurance * | $307 | $3,684 |
| Property Taxes | $175 | $2,100 |
| Electricity | $193 | $2,320 |
| Total | $1,681 | $20,172 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
No price history available
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