221 W Main Street, Somerset, OH 43783 (MLS# 226018128)

221 W Main Street, Somerset, OH 43783

$1,150,000

Property Type: Multi-Family Lot Size (sq. ft.): 21,780 Status: Active

Current Price: $1,150,000 List Date: 5/21/2026 Last Modified: 5/21/2026

Overview

Description

221 West Main Street in historic Somerset offers an outstanding multi-family investment opportunity featuring nine total apartment units all situated on a half-acre lot with minimal yard maintenance. The property includes four newly constructed 2-bedroom, 1-bath apartments built in 2024, offering modern layouts with washer and dryer hookups along with full kitchen appliance packages. In addition, the property features four well-maintained brick 2-bedroom, 1-bath apartments built in 1980, plus one 1-bedroom, 1-bath apartment. The older brick building includes an on-site laundry facility for tenant convenience. This income-producing property provides a strong blend of modern construction and established rental history in a desirable village location with ample parking and easy upkeep. Excellent opportunity for investors seeking a turnkey multi-family property with a diverse unit mix and long-term income potential. More photos soon

Listing Details MLS# 226018128

Location Property Info

Original List Price: 1150000
Property Sub Type: Twin Single
Street #: 221
Street PreDirection: W
Street Name: Main
Street Suffix: Street
County: Perry
State: OH
Zip Code: 43783
School District: NORTHERN LSD 6403 PER CO.
Township: Reading

OfficeContract Info

MLS Entry Date: 2026-05-21

General Property Info

Number of Units: 9
# of Buildings: 4
Building Sqft: 6555
Year Built: 2024
Built Prior to 1978: No
Lot Size (Side): 165
Acreage: 0.5

Tax Info

Parcel #: 320003230000
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 320005120000
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 7172
Tax Incentive: No

1 Bedroom

1 Bedroom # of Units: Yes
1 Bedroom Month Rent Per Unit: 750

2 Bedroom

2 Bedroom # of Units: 4
2 Bedroom Month Rent Per Unit: 1350

More Information

Other

Other # of Units: 4
Other Month Rent Per Unit: 950

Expenses

R.E. Taxes: 7172
Property Insurance: 732
Water Expense: 7200
Off-Site Management: 0
Property Management: 0

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

List Price/SqFt: 175.44
City (Mailing Addr): Somerset
Corp LimitPerAuditor: Somerset

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: 221 West Main Street in historic Somerset offers an outstanding multi-family investment opportunity featuring nine total apartment units all situated on a half-acre lot with minimal yard maintenance. The property includes four newly constructed 2-bedroom, 1-bath apartments built in 2024, offering modern layouts with washer and dryer hookups along with full kitchen appliance packages. In addition, the property features four well-maintained brick 2-bedroom, 1-bath apartments built in 1980, plus one 1-bedroom, 1-bath apartment. The older brick building includes an on-site laundry facility for tenant convenience. This income-producing property provides a strong blend of modern construction and established rental history in a desirable village location with ample parking and easy upkeep. Excellent opportunity for investors seeking a turnkey multi-family property with a diverse unit mix and long-term income potential. More photos soon

Income/Expenses

Gross Income: 119400
Net Operating Income: 100442
Total Expenses: 18958

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Heat Fuel

Electric: Yes

Parking Features

No Garage: Yes

Water Source

Private: Yes

Sewer

Public Sewer: Yes

Tenant Pays

Gas: Yes
Sewer: Yes
Water: Yes
Electricity: Yes

Heating

Forced Air: Yes
Other: Yes

Air Conditioning

Central Air: Yes
None: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Parking Features: No Garage Tenant Pays: Electricity; Gas; Sewer; Water Heat Fuel: Electric Heating: Forced Air; Other Air Conditioning: Central Air; None Construction: Brick; Vinyl Siding Water Source: Private Sewer: Public Sewer MLS Primary PhotoSrc: Realtor Provided

Listing Office: Hill Real Estate

Listing Agent: Eric Correll

Last Updated: May - 21 - 2026

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