Attention cash investors and experienced buyers—this is a rare opportunity to acquire a spacious multifamily property in need of rehabilitation, ideally positioned in a highly desirable community known for beautiful, high value well-cared-for homes. Located near highways, shopping, and Oberlin College, this former architecturally elegant duplex offers exceptional upside and flexibility. Currently configured with 4 bedrooms, a kitchen, and a bath on each level (8 beds/2 baths total), the layout was designed to maximize rental income and is also well suited for multigenerational living or an owner-occupant looking to live in one unit while generating income from the other. With its generous footprint and classic design, the property could be reimagined as a true multi-unit investment or converted into a large single-family residence. This is an excellent fix-and-flip or long-term hold opportunity for investors seeking reliable future rental income in a strong location. 2 new furnaces. Separate gas and electric. Easy to show—call for details. No wholesalers, no owner financing. Serious, qualified cash buyers only. Easy to show.
CASH - Investment opportunity in Oberlin! This side-by-side duplex at 18 Edison St offers two separate units: one 3-bedroom (4 potential), 1-bath unit and one 1-bedroom, 1-bath unit. Property includes a detached 2-car garage, providing added value and convenience. The home is in need of TLC and is being sold as-is, making it ideal for investors or buyers looking to renovate and add value. Property is a 1900's home and condition reflects this. Convenient location near town amenities, Oberlin College, and local shops. Bring your vision and unlock the potential of this income-producing property.
Fantastic investment opportunity in the heart of Oberlin! This well-maintained duplex features two spacious 3-bedroom units, each with its own private entrance and in-unit laundry. Over the past five years, the property has received numerous updates, including a new roof, encapsulated basement, furnace, central air, and more, offering peace of mind for the next owner. Both units have been consistently rented for the past five years at $1,500 per month each, generating $36,000 in annual income. Whether you’re an investor seeking strong rental returns or a homeowner looking to live in one unit while the other helps pay your mortgage, this property is ideal. Located within walking distance to downtown Oberlin, campus, local eateries, and shops, it combines convenience, income potential, and charm.
Oberlin is located in Ohio. Oberlin, Ohio has a population of 8,253. Oberlin is less family-centric than the surrounding county with 18.51% of the households containing married families with children. The county average for households married with children is 27.46%.
The median household income in Oberlin, Ohio is $62,696. The median household income for the surrounding county is $62,390 compared to the national median of $69,021. The median age of people living in Oberlin is 24.6 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 19.1 degrees. The average rainfall is approximately 38.4 inches per year, with 50.6 inches of snow per year.
