497 Old Boston Road

Sold 2/6/25
Sold 2/6/25
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Sold
Last Sold Price
$1,225,000
19,260 sqft
497 Old Boston Road, Batavia, OH 45103
Multi FamilyProperty Type
1.25 acresLot Size
1970Year Built
$64/sq ftPrice per sq ft
40 carsParking Spaces

Description

Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district...Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.
  • Listed by: Jon A DeCurtins 513.600.7231 jonadecurtins@gmail.com Brokerage DRE #2014002811 • ERA REAL Solutions Realty, LLC
  • Listed by: John B Trautmann • J.A. Trautmann Realty, Inc., W
Listing closed: 02/06/2025 12:00 AM • Source: MLS of Greater Cincinnati, MLS#: 1822853

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Location

Listing Courtesy of ERA REAL Solutions Realty, LLC; J.A. Trautmann Realty, Inc., W

Sold By NonMember Firm (NONMEM)

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$7,749 per month

30 year fixed, 7.03% Interest

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$6,540

Property Taxes

$1,209

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Property Information for 497 Old Boston Road

Property Details
  • Taxes: $14,508 / year
  • MLS Type: Residential Income / Apartment
  • County: Clermont County
  • Zoning: Multi Family, Commercial
  • Zoning Details: Multi Family, Commercial
Building Information
  • Building/Complex: 497 Old Boston Rd
  • Residences: 20
  • Year Built: 1970
Summary
Location and General Information
  • MLS Area Major: Clermont-C01
  • Area Short Name: C01
  • Directions: SR 32 to Riverside Dr, head south, left on Diana Ave, Right on East Charles and then right on Old Boston.
  • FIPS Code: 25
  • Township: Batavia Twp
Taxes and HOA
  • Has Association: No
  • Parcel Number: 060226.043.
  • Semi Annual Taxes: $7254
School Information
  • High School District: Batavia Local SD
Parking
  • Garage Spaces: 40.0
  • Open Parking Spaces: 40.0
  • Parking Features: Asphalt
Property
Lot Information
  • Lot Size Acres: 1.25
  • Lot Size Square Feet: 54450.0
  • Lot Size Units: Acres
  • Miscellaneous: Coin Laundry
Property and Assessments
  • Living Area: 19260.0
  • 3rd Party Approval Required: No
  • Annual Assessmnt Amount: of record
  • Has Board Loaded: No
  • New Construction: No
  • Total Buildings: 2
  • Validated: Yes
  • Year Built: 1970
Building Features
  • Foundation Details: Poured
  • Levels: Two
  • Structure Type: Apartment 5+
  • Has Additional Dwelling Unit: No
  • Construction Materials: Brick
Utilities
  • Gas and Electric: 3213.0
  • Sewer: Public Sewer
  • Waste Removal: $2,736.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony
  • Roof: Shingle, Membrane
Interior Features
  • Appliance Include: All appliances included in units.
  • Cooling: Central Air
  • Heating: Electric, Forced Air
  • Interior Features: Storage Area
  • Separate Air Conditioner: Yes
  • Separate Air Conditioner: Yes
  • Separate Furnace: Yes
  • Separate Gas Electric: Yes
  • Separate Gas Electric: Yes
  • Window Features: Aluminum, Vinyl
Multi Family
Multi Family Information
  • Number Of Units Total: 20
Income & Expenses
  • Gross Income: $164,180.00
  • Insurance Expense: $4,403.00
  • Maintenance Expense: $1,500.00
  • Net Operating Income: $120,202.00
  • New Taxes Expense: $14,509.00
  • Other Expense: $2,547.00
  • Water Sewer Expense: $8,796.00
Rental
Rent Information
  • 2 Bedroom Rent: $700.00
  • 2 Bedroom Units: 20
  • Heat Paid: Tenant
  • Occupancy: Negotiable
  • Water Paid: Owner
  • Has Lease Considered: No
  • Sub Lease: No

Property History for 497 Old Boston Road

DateEvent & SourcePriceAppreciation
Feb 6, 2025

Sold

MLS of Greater Cincinnati #1822853

$1,225,000—
Oct 28, 2024

Listed (Active)

MLS of Greater Cincinnati #1822853

$1,390,000—
DateEvent & SourcePrice
02/06/2025

Sold

MLS of Greater Cincinnati #1822853

$1,225,000
10/28/2024

Listed (Active)

MLS of Greater Cincinnati #1822853

$1,390,000

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

Public Records for 497 Old Boston Road

Taxable ValueLand$31,500Additions$156,490Total$187,990
Tax Record2025$12,612 ($1,051 / month)
Home Facts
Baths1Total Finished SqFt9,630 SqFtAbove Grade Finished SqFt9,630 SqFtStories2Lot Size54,014 SqFtStyleMulti-Family Res (5+ Units)Year Built1970CountyCLERMONTAPN06-02-26.-043

Schools near 497 Old Boston Road

This home is within Batavia Local School District.
Rating
School
Type
Grades
Distance
Batavia Elementary School
Public - PK to 5
Batavia Middle School
Public - 6 to 8
Batavia High School
Public - 9 to 12
Rating
School
Distance
Batavia Elementary School
PublicPK to 5

Batavia Middle School
Public6 to 8

Batavia 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 ERA REAL Solutions Realty, LLC; J.A. Trautmann Realty, Inc., W

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