1451 E Market ST, Warren, OH 44483
1451 E Market ST, Warren, OH 44483
1451 E Market ST, Warren, OH 44483
35
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$219,900
Est. payment /mo
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4 Beds
5 Baths
6,468 SqFt
Pending

1451 E Market ST Warren, OH 44483

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 6,468 sqft

Price per Sqft $33

Subdivision Fairmount Drive

MLS Listing ID 5174936

Style Conventional

Bedrooms 4

Full Baths 3

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 6,468

Total Fin. Sqft 6468

Year Built 1898

Annual Tax Amount $3,038

Tax Year 2024

Lot Size 0.850 Acres

Acres 0.85

Property Sub-Type Single Family Residence

Property Description

**ATTENTION INVESTORS & OWNER-OCCUPANTS!** Exceptional mixed-use investment opportunity located at **1451 East Market Street, Warren, Ohio**. This versatile three-story property offers approximately **4,700 square feet** on a **0.66-acre corner lot** and boasts a strong **13.4% cap rate** with additional upside potential through future rent increases and property improvements.

Adding tremendous value, the seller is investing **$59,000 in a brand-new roof and gutter system**, providing peace of mind and reducing future capital expenses.

The first floor is currently configured as a professional medical office featuring a welcoming reception area, staff office, four exam rooms, treatment room, private office, kitchenette, and three restrooms. The second floor includes **two private-entry residential apartments**, each offering a living room, kitchen, bedroom, and full bath—creating multiple income streams and live-work possibilities.

The third floor includes a half bath and was previously utilized for records storage, offering potential for additional office, storage, or income-producing space subject to zoning and approvals.

Positioned directly across from the former Trumbull Memorial Hospital campus, this highly visible location is ideal for medical, professional, service-based businesses, or investors seeking a stable income-producing asset. The property includes approximately **25 on-site parking spaces**, **two parcels**, and benefits from **Residential B zoning**, allowing flexibility for a variety of future uses.

As an added bonus, a **vacant city lot adjacent to the north side of the parking lot may be available for future development**, creating even more long-term value potential.

Strong rent roll. Multiple income streams. Significant upside. Properties offering this combination of cash flow, flexibility, location, and future potential are hard to find. **Call today to schedule your private showing!**

Location

State OH

County Trumbull

Rooms

Basement Unfinished

Interior

Heating Baseboard, Forced Air, Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features No Garage, Unpaved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Garage false

Private Pool No

Building

Entry Level Three Or More,Two

Sewer Public Sewer

Water Public

Architectural Style Conventional

Level or Stories Three Or More, Two

Schools

School District Howland Lsd - 7808

Others

Tax ID 38-642820


VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by John N Eaton • Howard Hanna • johneaton@howardhanna.com, 330-219-5758
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Lindsey Rose

Lindsey Rose

Realtor® | CEO | Team Lead | License ID: 2017001928

+1(330) 591-0823

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1451 E Market ST