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$550,000

  • Sold
  • Closed
  • Commercial Lease
See This Home
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See This Home
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Excellent investment opportunity with this 8-unit apartment complex situated on 3.1 acres and consisting of two duplexes and a quadruplex. All units are 1 bedroom, 1 bathroom, and six have been remodeled with new stainless-steel refrigerators, ranges, and range hoods. The duplexes feature newer heat pump systems, and all buildings have a low-maintenance metal roof. The property includes two on-site laundry units that generate additional income, plus a storage building that could also be rented for extra revenue. One of the duplexes currently has below-market rent, offering immediate upside potential by updating the units to match the others and increasing rental rates. 1.44 acres of vacant land provides room for future development or additional income-producing structures. With strong occupancy history and a convenient location just 20 minutes from Athens, this property is well-positioned to attract Ohio University students and long-term tenants. Whether you're a seasoned investor or just getting into the rental market, this complex offers solid cash flow, value-add opportunities, and room to grow.

Full Property Details for 41059 Park Rd

General

  • Sold For: $550,000
  • Taxes: $2,744 (2024)
  • Status: Closed
  • Type: Commercial Lease
  • Source: 505
  • MLS ID: 5174474
  • Added to Site: 148 day(s) ago

Business

  • Business Type: Rental

Rooms

Other Rooms

  • Laundry: Coin-operated

Parking

  • Parking Features: Concrete, Parking Pad

Location

  • County: Meigs
  • Township: Bedford Twp
  • Driving Directions: From Athens, Ohio, take the US-33E/US-50W/OH-32W Ramp to Pomeroy/Chillicothe. Merge onto OH-32W/US-33E/US-50W. Take US-33/E exit towards Pomeroy/Ravenswood. Turn right onto US-33 ALT W (signs for OH-681). Turn left onto US-33 ALT W. Turn left onto Old US Route 33. Turn left onto Park Rd. Turn right to stay on Park Rd, and the apartment complexes will be on your right.

School Information

  • Elem School District: Meigs LSD - 5302
  • Midd School District: Meigs LSD - 5302
  • High School District: Meigs LSD - 5302

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump, Wall Unit(s)
  • Heating Type: Baseboard, Electric, Forced Air, Heat Pump

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Roof: Metal
  • Current Bldg. Use: Multi-Family
  • Year Built: 1980
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 3.102
  • Lot Size: 3.102
  • Lot Size Source: Assessor
  • Fencing (Description): None

Financial Considerations

  • Tax Amount: $2,744
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Disclosures/Rstr.: Principal is Real Estate Licensed
  • Property ID: 100135000

Listed by One Team Realty, Kimberly Smith
Sold by One Team Realty, Jo Ann Townsend

Listing agent

— 41059 Park Rd —

  • Kimberly Smith

    One Team Realty

kimberlysmithrealtor2020@gmail.com, 740-525-3329

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 41059 Park Rd

Date
Details
Price
Change
Source
2/09/2026
Sold
$550,000
—
MLS
11/26/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by One Team Realty, Kimberly Smith
Sold by One Team Realty, Jo Ann Townsend

41059 Park Road, , OH 45776 (MLS# 5174474) is a Commercial Lease property that was sold at $550,000 on February 09, 2026. Want to learn more about 41059 Park Road? Do you have questions about finding other Commercial Lease real estate for sale in ? You can browse all real estate or contact a Coldwell Banker agent to request more information.