Property Description

Turnkey investment opportunity in the heart of Rittman! This well-maintained duplex offers immediate cash flow with both units currently rented. Recent updates include newer roof, flooring, furnaces, hot water tanks, and appliances, helping minimize future maintenance expenses for the next owner. Each unit offers comfortable living space and strong rental appeal in a convenient location close to local amenities, schools, and commuter routes. Investors will appreciate the opportunity to expand their portfolio, as the nearly identical duplex next door is also available for purchase. Whether you are looking to start or grow your investment holdings, this is a rare chance to acquire one or two income-producing properties with solid rental history and recent improvements.

160-162 N State Street | MLS# 5209759

This multi-family property located at 160-162 N State Street, Rittman, OH 44270 is currently listed for sale with an asking price of $165,000. 160-162 N State Street is located within the Rittman Exempted Village school district. Search Rittman real estate on 2984silvermapledrive.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Crawl Space

Cooling: Window Unit(s)

Heating: Forced Air, Gas

Lot Size: 0.24 Acres

Roof Type: Asphalt, Fiberglass

Stories: 1.0

Taxes: $1,361 / year

Year Built: 1948

Feature Descriptions

Exterior: Vinyl Siding

Parcel#: 63-01945.000

Parking: No Garage

Sewer: Public Sewer

Water: Public

Local Schools

School District: Rittman Exempted Village

Demographics

Wayne County Demographic Information for 160-162 N State Street, Rittman, OH 44270

Fips

Fips Code 39169

Population

2020 to 2025 Change down 0.1%

2010 Count 114,520

2020 Count 116,894

2025 Estimate (V2025) 116,758

2020 Estimate (V2025) 116,900

Age Distribution (Years Old)

0 to 4 6.4%

5 to 17 23.4%

18 to 64 50.1%

65 and Older 20.1%

Gender

Male 49.8%

Female 50.2%

Place of Birth

Foreign 2.7%

US 97.3%

Education

High School Graduate, Age 25+ 86.7%

Bachelor's Degree or Higher, Age 25+ 25.1%

Computer and Internet use

Households with a computer 89.5%

Households with a broadband Internet subscription 85.3%

Language

English is Second Language, Age 5+ 14.1%

English is First Language, Age 5+ 85.9%

Veterans

Veterans 5,379

Income

Per Capita Income $35,229

Median Household Income $73,574

People in Poverty 11.3%

Commute

Average Work Commute Time 21 minutes

Housing

Total Housing Units 46,969

Households 44,365

Average Household Size 2.53

Owner-Occupied 76.6%

Multi-Family 14.3%

Owner-Occupied Median Value $222,100

Median selected monthly owner costs -with a mortgage $1,440

Median selected monthly owner costs -without a mortgage $561

Median gross rent $881

Building Permits

New Private Housing Issued 2024 282

Years at Residence

1 Year or More 90.2%

Less Than 1 Year 9.8%

Business and Employment

Private non-farm Establishments 2,583

Private non-farm Employment 42,271

Private non-farm Employment Growth up 2.3%

Nonemployer Establishments 10,394

Number of Firms 2,374

Business Production

Value of Shipments $4,199,442,000

Wholesale Trade $0

Retail Trade $1,367,808,000

Retail Sales Per Capita $9,230

Accommodation and Food Services $157,908,000

Land

Land Area 554.93 sq. miles

Population Per Square Mile 207

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,000.22 per month $838.68 Principal & Interest $113.42 Property Tax $48.13 Homeowner's Insurance

Change Payment Information

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160-162 N State StreetRittman, OH 44270