850 Mathews RD Youngstown, OH 44512
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5231061
Bedrooms 8
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1969
Annual Tax Amount $3,651
Tax Year 2025
Lot Size 0.590 Acres
Acres 0.59
Property Sub-Type Quadruplex
Stories Two
Story Two
Property Description
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.
Location
State OH
County Mahoning
Interior
Heating Gas, Radiant
Cooling Window Unit(s)
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Laundry Common Area, Lower Level, Laundry Room
Exterior
Exterior Feature Storage
Parking Features Asphalt, Covered, Detached Carport, Parking Lot
Carport Spaces 4
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Lot Description See Remarks
Sewer Public Sewer
Water Public
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Boardman Lsd - 5002
Others
Tax ID 29-015-0-174.00-0
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Emily Shortall
Broker Associate, Agent | OH & WV | License ID: 2015000549,WV0029886