USAOHWaynesvilleVillage/waynesville670 High St
Listing image | Image 1

670 High St, Waynesville, OH

House

For Sale

Listed price in listed location currency (USD).
$550,000

840

MLS® 962643

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3000 sqft
Garage 
Taxes 
Days Active 1
Lot Size 0.1463 Acres
Approx. Age 1966
Avg. Price Per Sqft $183
MLS® Number 962643

Property Address: 670 High St, Waynesville, OH, 45068-9793

Average square foot calculated using Size range provided by listing agent.

Description

Rare Four-Unit Investment Opportunity in Highly Desirable Waynesville! 6.55% Current CAP • Approx. 8.80% Pro Forma CAP • Fully Occupied • New Roof (2026) • Tenants Pay All Utilities Rare opportunity to acquire a fully occupied four-unit apartment building in the highly desirable Waynesville rental market. Offering an approximate 6.55% current capitalization rate at the asking price, this property also presents exceptional upside through below-market rents. Current gross annual income is $47, 640, while estimated market rents of approximately $1, 250 per unit have the potential to increase annual gross income to approximately $60, 000, resulting in an estimated 8.80% pro forma capitalization rate. Buyers should perform their own due diligence regarding projected rental income. Constructed in 1966, this solid all-brick building features four spacious 2-bedroom, 1-bath apartments, each approximately 750-800 square feet. A unique floor plan offers two apartments on the first floor and two on the second floor, with separate stairways on each side providing convenient access and enhanced tenant privacy. Major capital improvements include a brand-new roof installed in June 2026, significantly reducing future capital expenditure. Tenants pay all utilities, including electric, water, sewer and trash, while lawn care and snow removal are currently handled by a tenant, creating a truly low-maintenance investment with minimal owner responsibilities. Multifamily opportunities in Waynesville are extremely limited. This property offers immediate cash flow, durable brick construction, low operating expenses, and outstanding long-term appreciation potential in one of Warren County's most desirable rental markets.
MLS® Number962643
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1966
Basement
DrivewayNo Garage, On Street
Garage Spaces
HeatElectric
A/CWindow Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 25, 2026List Date
$550,000List Price
  • Commute

Commute

Starting Address
Destination Address
670 High St, Waynesville, OH

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