Description
Well-located triplex at 40 Second St, Shelby, OH 44875 offering immediate cash flow with value-add upside. All new plumbing from the street to the faucets. The property generates $1,400/month in gross rent with two long-term tenants in place, providing stable income from day one. One unit has been renovated, while one unit remains in need of renovation, creating a clear opportunity to increase rents and overall returns. Ideal for investors seeking a mix of steady cash flow and forced appreciation through improvements. Property offers strong fundamentals in a rental-friendly market. Tenant-occupied. Please do not disturb tenants. Showings by appointment only. Sold as-is. Listing agent is part of LLC.
Details
| MLS # | 9070268 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 237 |
| Listing Provided By | Dream Huge Realty | Adam Thornton |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Acreage | 0.22 |
Taxes
| Property | 376 |
|---|
Area Information
| State | OH |
|---|---|
| County | Richland |
| City | Shelby |
| Zip Code | 44875 |
| School District | Shelby City Schools |
| Elementary School | Shelby City Schools |
| High School | Shelby City Schools |
| Listing VS Median (in 44875) | |
Price: $70,000 low | high Med: $165,000 On site: 237 low | high Med: 5 | |
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Learn More About This Property
| State | OH |
|---|---|
| County | Richland |
| City | Shelby |
| Zip Code | 44875 |
| School District | Shelby City Schools |
| Elementary School | Shelby City Schools |
| High School | Shelby City Schools |
| Listing VS Median (in 44875) | |
Price: $70,000 low | high Med: $165,000 On site: 237 low | high Med: 5 | |
Nearby Listings (Within 1/4 mile)
Price: $52K - $87K
sqft: 0 - 0
Listing Updated: August 30, 2026 at 2:11:09 PM PDT