1875 Perth Road, Madison, OH 44057

Madison
Local realty services provided by:Better Homes and Gardens Real Estate Central
1875 Perth Road,Madison, OH 44057
$342,400
Virtual Tour
  • 8 Beds
  • 3 Baths
  • 3,169 sq. ft.
  • Single family
  • Active
Listed by: kit custer
Office: re/max transitions
MLS#:5245872
Source:OH_NORMLS

Price summary

  • Price:$342,400
  • Price per sq. ft.:$108.05

About this home

$6,000 SELLER CREDIT with closing by December 15! Use it toward a rate buydown, closing costs or prepaids. OPPORTUNITY KNOCKS in Madison. This fully furnished 8-bedroom, 3-full-bath home has TWO full kitchens, TWO living rooms and a bonus first-floor office. The flexible layout suits a recovery home, group home, shared housing, foster care, nonprofit or mentorship program, or multigenerational living, with 4 bedrooms, a full bath, laundry and the office on the first floor. THE NUMBERS: At up to $700 per bed, 8 beds could gross about $5,600/month. With 20% down at 6.5%, estimated P&I is about $1,745/month. Add taxes of $4,225/yr (about $352/mo) and estimated insurance near $200/mo, for a total payment around $2,300/month. After an estimated 45% for vacancy, utilities, taxes, insurance and upkeep, that is roughly a 10% cap rate. Also a fit for furnished short, mid or long-term rentals. Located in Northeast Ohio's Lake Erie and Grand River Valley wine country, near wineries, Lake Erie...

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Home facts

  • Year built:1950
  • Subdivision & Development:Madison Golf Lakelands
  • Listing ID #:5245872
  • Added:48 day(s) ago
  • Updated:November 06, 2026 at 03:34 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Kitchen Description:Cooktop, Dishwasher, Microwave, Range, Refrigerator
  • Living area:3,169 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas, Hot Water, Steam
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1950
  • Building area:3,169 sq. ft.
  • Lot area:0.26 Acres
  • Architectural Style:Colonial
  • Construction Materials:Vinyl Siding
  • Exterior Features:Patio
  • Foundation Description:Slab
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$342,400
  • Price per sq. ft.:$108.05
  • Tax amount:$4,225 (2025)

Features and amenities

  • Appliances:Cooktop, Dishwasher, Microwave, Range, Refrigerator

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:2
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