620-672 Hagenbuch Street, Urbana, OH 43078
- 1.19 acres
- Built 1955
About this home
This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors.
Key facts
- Status
- Active
- Type
- Apartment
- Days on market
- 54
- Property taxes
- about $5,693/yr
- County
- Champaign
- MLS #
- 226027456
- Listing brokerage
- REMAX Alliance Realty
- Listing agent
- V. Patrick Hamilton
- Listing brokerage contact
- 937-652-1100
Lot and parking
- Lot size
- 1.19 acres
- Lot square feet
- 51,836
Systems and utilities
- Sewer
- Public Sewer
- Water
- Public
Taxes and HOA
- Property taxes
- about $5,693 a year
- Tax year
- 2025
- Parcel number
- K48-25-00-04-05-012-02
- Township
- Urbana
Schools
- District
- Urbana CSD
Sale terms
- Financing accepted
- Conventional
Around it
ZIP 43078: 24 homes for sale. Champaign County: 45 homes for sale · county sold data. Town: everything for sale in Urbana · Urbana sold prices and days on market.
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Shown here through the MLS IDX program by Blacktree Realty. Listing information is provided by the Columbus and Central Ohio Regional MLS through the Internet Data Exchange program and is deemed reliable but not guaranteed. Listings held by brokerages other than Blacktree Realty are identified with the listing brokerage's name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated Oct 19, 2026, 6:13 PM.