5314 Adams Ave is a multifamily duplex offering approximately 2,424 square feet of living space across two residential units. Built in 1900, the property features 6 bedrooms and 3 bathrooms total, providing a strong unit mix that appeals to families and working professionals alike. The dual-income structure allows investors to mitigate vacancy risk — even with one unit vacant, the other continues generating cash flow.
Investment Highlights
The property last sold in May 2023 for $109,000, representing an accessible entry point for investors seeking multifamily exposure in Northeast Ohio. With Ashtabula's median sale prices rising approximately 4.5% year-over-year, the property offers both rental income potential and equity appreciation. The duplex format is particularly attractive for house-hacking strategies or as a turnkey rental investment.
Economic and Employment Insights
Ashtabula's economy is anchored by key employers across manufacturing, healthcare, and education — sectors that provide steady, recession-resistant demand for rental housing. This employment diversity supports consistent tenant demand and reduces the risk of market-wide vacancy spikes tied to any single industry.
Local Amenities
The property benefits from proximity to quality schools within the Ashtabula Area City Schools district, accessible public transportation, and a variety of shopping and dining options. Nearby parks and recreational areas enhance the neighborhood's livability, helping attract and retain long-term tenants — a key factor in maximizing rental returns.
Investment Opportunity
Estimated Monthly Rent
$870/month
Market Range: $720 - $1,020
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