40 2nd St, Shelby, OH 44875
Property image
Property image
FOR SALE
3D VIEW
60160 ACRES

$70,000

Original price: $100,000
  • 4 Beds
  • 3 Baths
  • 1,757 sqft (on 60,160 acres)

40 2nd St, Shelby, OH 44875

Est. Mortgage $523/mo*
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Home Highlights

Multi-Family
Built in 1910
60,160 acre lot
$40/sqft
Open Parking

Local Information

  • Map ViewExplore the area around 40 2nd St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Well-located triplex at 40 Second St, Shelby, OH 44875 offering immediate cash flow with value-add upside. All new plumbing from the street to the faucets. The property generates $1,400/month in gross rent with two long-term tenants in place, providing stable income from day one. One unit has been renovated, while one unit remains in need of renovation, creating a clear opportunity to increase rents and overall returns. Ideal for investors seeking a mix of steady cash flow and forced appreciation through improvements. Property offers strong fundamentals in a rental-friendly market. Tenant-occupied. Please do not disturb tenants. Showings by appointment only. Sold as-is. Listing agent is part of LLC.
Last check for updates: about 5 hours ago
Listing courtesy of Adam Thornton, (419) 528-8260
Dream Huge Realty
Source: MAR, MLS#9070268

Home Details for 40 2nd St

Interior Features

Interior Details
Basement: Partial
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3
Dimensions and Layout
Living Area: 1757 Square Feet
Heating & Cooling
Heating: Forced Air,Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2

Exterior Features

Exterior Home Features
Roof: Metal
Parking & Garage
No CarportNo GarageHas Open ParkingParking Spaces: 3Parking: Other,Gravel
Frontage
Road Frontage: Township
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1757 Square Feet

Days on Market

Days on Market: 64

Property Information

Year Built
Year Built: 1910
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Onsite BuiltArchitecture: Onsite Built
Building
Construction Materials: Aluminum Siding
Property Information
Parcel Number: 0460809104000

Price & Status

Price
List Price: $70,000Price Per Sqft: $40

Active Status

MLS Status: Active

Media

Location

Direction & Address
City: Shelby
School Information
Elementary School District: Shelby City SchoolsJr High / Middle School District: Shelby City SchoolsHigh School District: Shelby City Schools

Agent Information

Listing Agent
Listing ID: 9070268

Building

Building Area
Building Area: 1757 Square Feet

Lot Information

Lot Area: 60160 Acres

Offer

Listing Terms: Cash, Conventional

Business

Expense
Tenant Pays: None

Rental Terms, Policies & Fees

Owner Pays: Electricity, Gas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water

Miscellaneous

BasementMls Number: 9070268Attribution Contact: 4195288260Above Grade Unfinished Area: 1757Below Grade Unfinished Area Units: Square Feet

Around this home

What Locals Say about Shelby

At least 28 Trulia users voted on each feature.

  • 94 % Say parking is easy

  • 89 % Say car is needed

  • 86 % Say yards are well-kept

  • 85 % Say it's dog friendly

  • 79 % Say kids play outside

  • 79 % Say there's holiday spirit

  • 76 % Say people would walk alone at night

  • 59 % Say they plan to stay for at least 5 years

  • 56 % Say it's walkable to grocery stores

  • 55 % Say streets are well-lit

  • 55 % Say it's quiet

  • 54 % Say neighbors are friendly

  • 54 % Say there are sidewalks

  • 53 % Say there's wildlife

  • 36 % Say it's walkable to restaurants

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • David Bishop
    "Yes there’s a number of dog parks. It’s a good place to live for people young kids, older kids, and adults."
    0
    Flag
  • Trulia User
    "Neighbors walk their dogs around the park. They cleanup after their dogs. Dogs are normally on a leash when out of their own yards. "
    1
    Flag
  • Ezekiel &. M. J.
    "Lots of parks! For a small town, there are a decent amount of fun things to do- like mini golf and getting icecream. "
    2
    Flag
  • Philemina L.
    "it's ok here. nothing special. just a small town with old people that know each other. lots of people who walk around and everything's close by and a lot of local shops"
    2
    Flag
  • Montgomerysydni
    "I have lived in shelby my whole life. school is in walking distance as well as parks and food places. "
    1
    Flag
  • d r. s.
    "Very good community, Decent industrial base and Excellent schools."
    0
    Flag

Market trends in Shelby

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
21

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
48 E Smiley Ave, Shelby, OH
0.13
Multi-Family Home
$155,000
01/13/26
3
3
-
63 E Smiley Ave, Shelby, OH
0.21
Multi-Family Home
$130,000
03/05/26
4
2
-
94 W Main St, Shelby, OH
0.49
Multi-Family Home
$130,000
12/05/25
4
3
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
38 2nd St, Shelby, OH 44875
0.02
-
3
1
1,514
Off Market
42 2nd St, Shelby, OH 44875
0.01
$169,900
4
1.5
2,180
Off Market
26 2nd St, Shelby, OH 44875
0.08
$120,500
3
1
1,244
Off Market
25 Oak St, Shelby, OH 44875
0.09
$154,100
3
2
1,396
Off Market
25 2nd St, Shelby, OH 44875
0.10
$79,000
4
1.5
1,728
Recently Sold
15 Oak St, Shelby, OH 44875
0.11
-
3
1
1,074
Off Market
8 Oak St, Shelby, OH 44875
0.12
$167,500
4
1.5
1,920
Recently Sold
42 3rd St, Shelby, OH 44875
0.12
$127,100
3
1
1,265
Off Market
54 3rd St, Shelby, OH 44875
0.11
$178,500
4
2
1,694
Off Market
54 2nd St, Shelby, OH 44875
0.09
$109,900
3
2
1,500
Recently Sold
50 E Whitney Ave, Shelby, OH 44875
0.13
$125,000
3
1.5
1,228
Recently Sold

Price and Tax history

DateEventPrice
Aug 30, 2026
Source: MAR #9070268
PriceChange
$70,000
Price decreased by 30%
Jul 16, 2026
Source: MAR #9070268
Listed For Sale
$100,000
Mar 29, 2026
Source: MAR #9070268
ListingRemoved
$100,000
Mar 12, 2026
Source: MAR #9070268
PriceChange
$100,000
Price decreased by 17%
Feb 13, 2026
Source: MAR #9070268
PriceChange
$120,000
Price decreased by 4%

LGBTQ Local Legal Protections

Adam Thornton, Dream Huge Realty
Agent Phone: (419) 528-8260
Copyright Mansfield Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 40 2nd St

  • What is the estimated monthly payment for 40 2nd St?
    Based on a $70,000 list price with 20% down at today's rates, the estimated monthly payment for 40 2nd St in Shelby, OH is approximately $528 (about $382 principal & interest, $71 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Shelby?
    Residents describe Shelby, OH as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Shelby, OH.
  • What are the closest schools to 40 2nd St?
    The closest schools to 40 2nd St in Shelby, OH are Dowds Elementary School (Pre-K, rated 7/10), Shelby High School (rated 4/10), Shelby Middle School (Elementary, rated 9/10).
  • Does 40 2nd St have parking?
    Yes, 40 2nd St in Shelby, OH has on-site parking.
  • Is there a virtual tour of 40 2nd St?
    Yes, a virtual tour of 40 2nd St in Shelby, OH is available.
40 2nd St, Shelby, OH 44875 is a 4 bedroom, 3 bathroom, 1,757 sqft multi-family built in 1910. This property is currently available for sale and was listed by MAR on Jul 16, 2026. The MLS # for this home is MLS# 9070268.