19
See all 19 photos
$749,900
Est. payment /mo
13,468 SqFt
Price Dropped by $50K
801 Hayes AVE Sandusky, OH 44870
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,468 sqft
Price per Sqft $55
MLS Listing ID 20262055
HOA Y/N No
Year Built 1930
Annual Tax Amount $9,693
Lot Size 6,098 Sqft
Property Sub-Type Multi Family
Property Description
Welcome to a rare opportunity to own a landmark property in the heart of Sandusky. Formerly known as the iconic Wagner Palace, this unique mixed-use investment features 4 commercial storefronts, 3 spacious residential apartments, and an additional lot zoned for local business.The commercial level includes four storefronts, two occupied by long-term tenants. Three commercial units have updated furnaces, with two also featuring central air and newer hot water tanks. Upstairs, all three apartments are occupied by long-term tenants and have been updated over the past decade with remodeled kitchens, appliances, newer furnaces, central air, hot water tanks, select replacement windows, and individual laundry. Each apartment has its own HVAC system, hot water tank, and laundry. A beautiful new roof was completed in 2025.The property generates approximately $96,600 in gross annual income with estimated operating expenses of $16,100, resulting in an impressive Net Operating Income of approximately $80,500 per year.Includes 801, 806, 823 & 904 Hayes Ave. and 901 & 903 Columbus Ave., Sandusky, OH. A rare opportunity to own one of Sandusky's most recognizable investment properties offering multiple income streams, long-term tenants, commercial frontage, residential units, and outstanding future potential.
Location
State OH
County Erie
Rooms
Basement Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Exterior
Utilities Available Electricity Connected
View Y/N No
Building
Foundation Basement
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sandusky
Middle Schools Sandusky
High Schools Sandusky
Listed by Jeffrey S Smith • Berkshire Hathaway HomeServices Pro. - Sandusky
GET MORE INFORMATION