Under $100K Sunday – c.1916 Ohio Multi-Family Home For Sale Under $80K

Looking for an investment opportunity with immediate cash flow? This charming multi-family home in Niles, Ohio, offers both character and potential! Upstairs, you’ll find three bedrooms with ample closet space, plus a walk-up attic just waiting to be transformed into extra living space. The basement, accessible from inside the home, provides additional storage options. With electric heat and only the water bill shared between the two units, this fixer-upper is a great opportunity for investors or homeowners looking to build equity. Renovate the main home while enjoying rental income or rent both units for double the cash flow! Don’t miss out on this fantastic property with tons of potential!

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

24 E Federal St, Niles, OH 44446  $79,900

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Niles, Ohio, is a small city located in Trumbull County, in northeastern Ohio. It is part of the Youngstown-Warren metropolitan area and has a rich industrial history. Like many small Midwestern towns, it has both advantages and disadvantages. Here are the pros and cons of living in Niles:

Pros of Niles, Ohio:

1. Affordable cost of living: Niles offers a low cost of living, with affordable housing and everyday expenses being lower than the national average. This makes it a good option for families, retirees, or those looking to save on living costs.
2. Proximity to larger cities: Niles is located near Youngstown and Warren, giving residents access to the amenities and job opportunities of these larger cities while maintaining the small-town feel of Niles.
3. Rich history: Niles is known for its industrial heritage and is the birthplace of President William McKinley. The McKinley Memorial Library and Museum are notable attractions that reflect the town’s historical significance.
4. Parks and recreation: Niles has a number of parks, including the Niles Greenway Bike Trail and Waddell Park, which provide opportunities for outdoor recreation and family activities.
5. Strong sense of community: The small size of Niles fosters a close-knit community where people know their neighbors, and local events and festivals help bring residents together.
6. Access to shopping: Niles is home to the Eastwood Mall, one of the largest shopping centers in the area, providing a wide range of retail, dining, and entertainment options.
7. Moderate climate: The area experiences four distinct seasons with warm summers and cold winters, but without the extremes of other parts of the country.

Cons of Niles, Ohio:

1. Limited job opportunities: Like many Rust Belt towns, Niles has struggled with the decline of its manufacturing base. Job opportunities can be limited, and many residents commute to nearby Youngstown or Warren for work. The unemployment rate is often higher than the national average.
2. Economic stagnation: Niles, along with other towns in the region, has faced economic challenges, including a declining population and fewer opportunities for young professionals. The lack of economic growth has impacted the local economy.
3. Aging infrastructure: Some parts of Niles have older infrastructure, including roads, schools, and public buildings, which may require maintenance and updating. This can be a drawback for those seeking newer developments.
4. Crime concerns: While Niles is generally considered safe, there are areas where property crime and petty theft can be an issue, particularly in economically challenged neighborhoods.
5. Limited cultural and entertainment options: While Niles has local attractions like the Eastwood Mall and some parks, it lacks the variety of cultural, dining, and entertainment options found in larger cities. Residents often travel to Youngstown or Cleveland for more diverse entertainment.
6. Weather extremes: Niles experiences cold winters with significant snowfall, which may be challenging for some residents. Summers are warm but can also be humid.

In summary, Niles offers affordable living and a strong community, with access to larger cities and shopping. However, the economic challenges, limited job opportunities, and aging infrastructure may pose drawbacks for some residents.

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