305 Broadway
Spencerville, OH 45887
MLS #309292
About this home
High-Yield Investment Opportunity! Secure an immediate high-return addition to your portfolio with this versatile three-unit rental property. This well maintained property is an absolute powerhouse for income seekers, generating nearly $30,000 in annual net income through its established rental history. Ideally suited for a long-term ''buy and hold'' strategy, and uniquely features permissive industrial zoning, providing a rare layer of flexibility and long-term land value that is difficult to find in standard residential investments. The primary structure is substantial, offering a spacious 1,283 square feet on the first floor and 909 square feet on the upper level. Currently configured as a three-unit rental, the layout includes four bedrooms and three full bathrooms. Tenants will appreciate the varied outdoor living spaces, including a 281-square-foot open masonry porch, multiple wood decks, and two enclosed porches. In addition to the main units, the property includes a 360-square-foot detached frame garage that offers secure in-demand storage for tenants. This is a prime opportunity to acquire a cash-flowing asset, with industrial zoning that paves the way for future growth and specialized use cases in the heart of Spencerville.
Property details
- Listed
- 5/21/2026
- Listing office
- Superior Plus Realtors
- Listing agent
- Tim Stanford
- ZIP
- 45887
- Status
- Active
Investment property loan estimator
Estimated monthly
$1,562
per month, all-in
- Principal & interest
- $1,100
- Property tax
- $287
- Insurance
- $175
2–4 unit investment properties typically require 20–25% down for non-owner-occupied financing. Owner-occupied house-hacking (live in one unit) may qualify for 3.5–5% down with FHA/conventional. Estimates only.
Location & walkability
Neighborhood walkability coming soon
We're enabling Walk Score® on every listing. In the meantime, the map shows the exact location. Call (419) 302-3940 for detailed neighborhood insight.
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