8 beds3,840 sqft$109/sqft
305 North Elm Street, Prospect, OH 43342
Est: $2,715/moGet pre-approved

Description

Outstanding investment opportunity in the heart of Prospect, Ohio! Come and see these 4, well-maintained, separate ranch-style rental units. Each building features 960 sq ft of living space, 2 bedrooms, 1 bath, dinette area, laundry room, living room, kitchen and an attached 1-car garage. Built on approximately 0.7 acres and overlooks the Scioto River. A new roof was installed on unit 305 1/2 in 2024. All units are currently rented to long term tenants and current rent is below market value. This...Outstanding investment opportunity in the heart of Prospect, Ohio! Come and see these 4, well-maintained, separate ranch-style rental units. Each building features 960 sq ft of living space, 2 bedrooms, 1 bath, dinette area, laundry room, living room, kitchen and an attached 1-car garage. Built on approximately 0.7 acres and overlooks the Scioto River. A new roof was installed on unit 305 1/2 in 2024. All units are currently rented to long term tenants and current rent is below market value. This is an excellent income property for the savvy investor.
LISTING UPDATED: 07/29/2026 02:32 AM

  1. Listed by Matthew R Williams • Brokerage DRE #2003006866 • Keller Williams Consultants
    P: (937)-243-0682 C: (937)-243-0682 homebymatt@kw.com

Property Details for 305 North Elm Street

MLS #
226011982
Days on Market
43
Pet Policy
-
Taxes
$7,027 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi-Family / Apartment
Year Built
1989

Amenities

  • Central AC
  • Electricity Included
  • Forced Air
  • Garage
  • Laundry
  • Laundry in Building

Location

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Building Information for 305 North Elm Street

Building/Complex305 N Elm StFloor-Stories-Residences4Pet Policy-Pet Policy Details-Year Built1989Building Size-

Payment Calculator

$2,715 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,130

Property Taxes

$586

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 305 North Elm Street

Summary
Location and General Information
  • Township: Prospect
  • Longitude: -83.189475
  • Latitude: 40.453047
  • Cross Street: Market St.
  • Corp Limit Per Auditor: Prospect
  • Between Street: Mulberry St.
Taxes and HOA
  • Additional Parcels: Yes
  • Additional Parcels Description: 270020001800
  • Parcel Number: 270020001600
  • Tax Year: $2,025.00
  • Tax District: 27
  • Tax Assessment: $8.00
  • Tax Incentive: No
  • Tax Abatement: No
School Information
  • High School District: ELGIN LSD 5101 MAR CO.
Parking
  • Attached Garage: No
  • Off Street Parking Spaces: 8.0
  • Parking Features: 1 Car Garage, Attached Garage, Garage Door Opener, Shared Driveway, 2 Off Street
Property
Lot Information
  • Lot Size Square Feet: 30927.6
  • Lot Size Acres: 0.71
  • Lot Size Area: 0.71
Property and Assessments
  • Year Built: 1989
  • Possible Use: Residential
  • Built Prior to 1978: No
  • Miscellaneous: Garages, W/D Hookups
Building Features
  • Construction Materials: Block, Frame, Vinyl Siding
  • # of Buildings: 4.0
  • Building Sqft: 3840.0
Utilities
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Well, Private, See Remarks
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air
  • Heat Fuel: Gas
Multi Family
Multi Family Information
  • Total Number Of Units: 4.0
  • Occupancy Rate: 100.00%
Income & Expenses
  • Net Operating Income: $33,639
  • Operating Expense: $9,560.68
  • Insurance Expense: $1,326
  • Maintenance Expense: $1,200
  • Gross Income: $43,200
  • Real Estate Taxes: $7,035
Rental
Rent Information
  • 2 Bedroom: 2 Bedroom # of Units: 4.0
  • 2 Bedroom: 2 Bedroom Month Rent Per Unit: $900.00
Tenant Information
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection

Property History for 305 North Elm Street

DateEvent & SourcePriceAppreciation
May 26, 2026

Contract Out

Columbus and Central Ohio Regional MLS #226011982

May 6, 2026

Price Change

Columbus and Central Ohio Regional MLS #226011982

$419,000
Apr 14, 2026

Listed (Active)

Columbus and Central Ohio Regional MLS #226011982

$475,000
DateEvent & SourcePrice
05/26/2026

Contract Out

Columbus and Central Ohio Regional MLS #226011982

05/06/2026

Price Change

Columbus and Central Ohio Regional MLS #226011982

$419,000
04/14/2026

Listed (Active)

Columbus and Central Ohio Regional MLS #226011982

$475,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 305 North Elm Street

Taxable ValueLand$11,130Additions$76,530Total$87,660
Tax Record2025$3,596 ($300 / month)
Home Facts
Beds2Baths2Total Finished SqFt960 SqFtAbove Grade Finished SqFt960 SqFtStories1Lot Size20,832 SqFtStyleSingle Family ResidenceYear Built1989CountyMARIONAPN27-002000.1600

Schools near 305 North Elm Street

This home is within Elgin Local School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Elgin South Elementary School
PublicK to 5

Elgin Middle School
Public6 to 8

Elgin High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Consultants

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