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For Sale Apartment

1525 Plum Street, Steubenville, OH

1525 Plum Street, Steubenville, OH, 43952
$1,199,000

Property Details

Apartment

Description

This 17-unit residential investment portfolio presents a compelling opportunity for investors seeking stable, income-producing assets with a proven performance track record. Concentrated in the established Lawson Avenue corridor of Steubenville, Ohio, the portfolio spans a cohesive cluster of residential streets including Maxwell Avenue, Union Avenue, Summit Avenue, Cedar Avenue, Lawson Avenue, Plum Street, and Oakmont AvenueGenerating approximately $147,000 in annual gross income and $90,000 or more in net operating income based on actual 2025 trailing twelve-month performance, the portfolio delivers an in-place cap rate of approximately 7.5% to 7.8% — a strong return profile in today's market.Tenant demand is underpinned by a powerful mix of regional economic anchors that drive consistent occupancy and long-term income stability. The portfolio benefits from proximity to Franciscan University and The College of Saint Joseph the Worker, generating a reliable base of student and faculty housing demand. A newly established regional STEM school further strengthens the local residential market, while Trinity Hospital System provides a steady stream of healthcare professionals and support staff seeking quality housing in the area. The portfolio is also bolstered by access to major employment opportunities, including a Walmart Distribution Center and surrounding regional employment hubs that attract a diverse and stable workforce.Together, these demand drivers create a resilient tenant base that supports consistent occupancy across market cycles. Whether you are an experienced investor looking to expand your portfolio or a buyer seeking a market-ready income asset with genuine upside, this 17-unit offering deserves your immediate attention. Opportunities with this level of documented performance, geographic cohesion, and demand diversification are rarely available at this price point.

Property Information

Address 1525 Plum Street
City Steubenville
State OH
Zip Code 43952
Price $1,199,000
Property Type Commercial Sale
Listing Type Apartment

Location

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