540 W College ST, Oberlin, OH 44074
540 W College ST, Oberlin, OH 44074
540 W College ST, Oberlin, OH 44074
540 W College ST, Oberlin, OH 44074
540 W College ST, Oberlin, OH 44074
540 W College ST, Oberlin, OH 44074
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 950,000
Est. payment | /mo

0.37 Acres Lot

Save
$ 950,000
Est. payment | /mo
Save

0.37 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Russia

MLS Listing ID 5189597

HOA Y/N No

Year Built 1966

Annual Tax Amount $7,769

Tax Year 2025

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Apartment

Property Description

Rare investment opportunity in the heart of Oberlin — a town known for its historic charm, vibrant arts culture, and the nationally acclaimed Oberlin College Conservatory, ranked among the top programs in the country. Ideally located minutes from campus, Finney Chapel performances, Tappan Square gatherings, local shops, restaurants, and major highways, this beautifully maintained 11-unit multifamily property combines strong financial performance with long-term tenant appeal. This turnkey asset features a desirable unit mix of one studio, two one-bedroom, and eight two-bedroom apartments, with 10 of 11 units offering recently updated interiors designed to attract quality tenants. Recent capital improvements include a new boiler, two new water heaters, all new windows, keypad entry systems, updated kitchens and bathrooms, upgraded laundry machines, parking lot resurfaced, and new concrete patios were installed. Amenities include secure building entry, well-appointed common areas, revenue-producing onsite laundry, and numbered parking for each unit. The property has maintained an average 97% occupancy over the past 2.5 years, reaching 98% over the last calendar year, supported by stable, long-term tenancy. A 5.25% assumable loan is available. Full financials available upon request. An exceptional opportunity for investors seeking a well-positioned, income-producing asset in one of Northeast Ohio's most distinctive and consistently desirable communities.

Location

State OH

County Lorain

Interior

Heating Gas, Radiant

Cooling None

Fireplace No

Exterior

Parking Features Parking Lot

Roof Type Membrane

Building

Foundation Slab

Schools

School District Oberlin Csd - 4712

Others

Tax ID 09-00-084-101-075

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Joe Vaccaro • EXP Realty, LLC. • joe@vaccaroteam.com, 216-503-7007

NEARBY SCHOOLS & PROPERTIES

Shawana Hanson

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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540 W College ST