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$950,000
2 Days On Site

540 W College Street
Oberlin, OH 44074

For Sale|Apartment|Active
0
Beds
0
Total Baths
1966
Built
Subdivision:
Russia
County:
Lorain
Call Now: 440-305-1223
Is this the listing for you? We can help make it yours.
440-305-1223
540 W College Street540 W College Street540 W College Street540 W College Street
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Monthly Payment (Est.)

$4,334
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Rare investment opportunity in the heart of Oberlin — a town known for its historic charm, vibrant arts culture, and the nationally acclaimed Oberlin College Conservatory, ranked among the top programs in the country. Ideally located minutes from campus, Finney Chapel performances, Tappan Square gatherings, local shops, restaurants, and major highways, this beautifully maintained 11-unit multifamily property combines strong financial performance with long-term tenant appeal. This turnkey asset features a desirable unit mix of one studio, two one-bedroom, and eight two-bedroom apartments, with 10 of 11 units offering recently updated interiors designed to attract quality tenants. Recent capital improvements include a new boiler, two new water heaters, all new windows, keypad entry systems, updated kitchens and bathrooms, upgraded laundry machines, parking lot resurfaced, and new concrete patios were installed. Amenities include secure building entry, well-appointed common areas, revenue-producing onsite laundry, and numbered parking for each unit. The property has maintained an average 97% occupancy over the past 2.5 years, reaching 98% over the last calendar year, supported by stable, long-term tenancy. A 5.25% assumable loan is available. Full financials available upon request. An exceptional opportunity for investors seeking a well-positioned, income-producing asset in one of Northeast Ohio’s most distinctive and consistently desirable communities.

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Listing Snapshot
Price 
$950,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.37 Acres
Year Built 
1966
MLS® Number 
5189597
Status 
Active
Property Tax 
$7,769
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing first seen on site
3 days agoListing updated with changes from the MLS®
General Features
Acres 
0.37
Foundation 
Slab
Parking 
Parking Lot
Property Sub Type 
Apartment
Zoning 
Multi-Family
Interior Features
Heating 
Natural GasRadiant
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Exterior Features
Roof 
Membrane
Community Features
Financing Terms Available 
CashConventional
School District 
Oberlin CSD - 4712
Township 
Oberlin
Schools
School District
Oberlin CSD - 4712
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Joe Vaccaro of EXP Realty, LLC.



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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