Lima OH Multi Family for Sale

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Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
30
Baths:
16.00
MLS#:
305338

ADDITIONAL INFORMATION

Check out this fantastic 15-unit real estate investment opportunity, featuring a triplex, duplex, six-plex, and 4 single-family homes. Most units offer two bedrooms and one bath, with one house boasting three bedrooms, and one unit in the triplex offering one bedroom and one bath. The current monthly rent roll is $8,135, with two units currently vacant. Even with these vacancies, the property delivers a solid cap rate of 8%. By renting the vacant units and raising rents to market levels, the cap rate could climb to nearly 12%. Whether you're just starting out as a landlord or expanding your portfolio, this is a tremendous opportunity. Reach out today to explore this promising investment!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1916
Baths:
4.00
MLS#:
304404

ADDITIONAL INFORMATION

4 unit building with two upstairs units, two downstairs units. Upstairs units have all new flooring, updated kitchen and baths and the front upstairs unit has new furnace. Most windows have been replaced. 3 of the 4 units have a washer/dryer hook-ups. Off-street parking. City utilities.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Year built:
1903
Baths:
2.00
MLS#:
305208

ADDITIONAL INFORMATION

Welcome to this very nicely updated duplex. The downstairs unit has a great layout with 2 bedrooms, living room, kitchen and bath. Currently rented on a month to month lease. Upstairs unit is 4 bedrooms with 1 of the bedrooms on the 3rd floor. Nice open concept and very nicely updated. Utilities are separate per unit each has its own furnace and hot water heater paid by the tenants. Except water is paid by owner. Off street parking at the rear of the unit and plenty of parking.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Baths:
2.00
MLS#:
305033

ADDITIONAL INFORMATION

Fully rented duplex in a desirable location. Large rooms with potential 3rd bedroom in unit 2, brand new tub in unit 2. Long term tenants! Add this duplex to your portfolio today and get instant cash flow!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Baths:
3.00
MLS#:
305032

ADDITIONAL INFORMATION

This fully rented triplex is conveniently located near hospitals, schools, restaurants and much more! New roof, gutters, and addition added at the end of 2023. New stove and tub in unit 2 2024. Add this low maintenance triplex to your portfolio and have instant cash flow!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
7
Baths:
5.50
MLS#:
305031

ADDITIONAL INFORMATION

Fully rented quad in a desirable location conveniently located by hospitals, schools, restaurants and much more! New roof and additional concrete driveway added 2023/2024. This low maintenance quad is perfect to add to your rental portfolio!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Baths:
2.50
MLS#:
305030

ADDITIONAL INFORMATION

Fully rented duplex with convenient location by hospitals, schools, restaurants and much more! Completely remodeled in 2023/2024 to include new wiring, plumbing, HVAC systems, roof, and siding. All new appliances, windows and much more! Low maintenance rental with instant cash flow available!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Baths:
3.00
MLS#:
304915

ADDITIONAL INFORMATION

Fantastic opportunity to own this updated triplex, perfect for living in one unit while using the others as an investment. The main level features a 3-bedroom unit, beautifully updated and move-in ready. Additionally, there is a 2-bedroom unit currently rented on a month-to-month basis and a 1-bedroom unit that is also move-in ready. The property includes a 5-car detached garage, providing ample parking and storage. Enjoy the front screened-in porch, adding charm and extra living space. Whether you're looking for a place to call home or a solid investment, this triplex offers great potential! Call your favorite agent today for a private showing.

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
5
Year built:
1911
Baths:
3.00
MLS#:
304586
Subdivision:
Lakewood Subdivision

ADDITIONAL INFORMATION

This charming two-family home in a prime location offers the perfect opportunity to live comfortably and invest smartly. Leverage conventional financing to occupy one unit while renting the other, creating income or a financial safety net. Both units are flexible for short and long-term rentals. The meticulously maintained property features a low-maintenance concrete exterior, a spacious concrete front porch, and a secure concrete garage with an additional covered porch area. Mature trees and a backyard backing onto Faurot Park provide tranquility and privacy, with easy access to park amenities. Upper Unit (1535 Lakewood): An inviting landing area leads into an expansive living room. Relax or entertain on your private screened and covered deck. The modern kitchen with essential appliances flows into three spacious bedrooms. Two full baths offer convenience for everyone. Lower Unit (1537 Lakewood): This unit boasts an inviting living room, perfect for entertaining, and a formal dining room with an elegant bow window. The functional kitchen is equipped with all the necessities. Two well-sized bedrooms and a full bath complete this comfortable living space. Both units feature refinished hardwood floors and replacement windows, ensuring comfort and energy efficiency. Don't miss this chance to own prime real estate!

Type:
Other
Sq.Ft.:
n/a
Status:
Active
Beds:
3
Year built:
1920
Baths:
2.00
MLS#:
303829

ADDITIONAL INFORMATION

Duplex located steps from St. Rita's. 1038 currently vacant. 2 bedroom, 1 bathroom with basement 966 sq.ft. 1036 occupied 1 bedroom, 1 bathroom, second floor unit rents for $525.00, 630 sq.ft. Sold as-is. Access to Jameson Avenue also. Seller pays water, sewer and trash both units for $106.00 per month.

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Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 2939 Vernon Place, Suite 300, Cincinnati, OH 45219


Copyright 2024 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



Lima Real Estate

The median home value in Lima, OH is $180,000. This is higher than the county median home value of $149,700. The national median home value is $338,100. The average price of homes sold in Lima, OH is $180,000. Approximately 39.95% of Lima homes are owned, compared to 47.5% rented, while 12.55% are vacant. Lima real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lima real estate agent to arrange a tour today!

Lima, Ohio has a population of 36,352. Lima is less family-centric than the surrounding county with 20.41% of the households containing married families with children. The county average for households married with children is 26.72%.

The median household income in Lima, Ohio is $37,668. The median household income for the surrounding county is $55,114 compared to the national median of $69,021. The median age of people living in Lima is 34.3 years.

Lima Weather

The average high temperature in July is 83.8 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 37.5 inches per year, with 20.4 inches of snow per year.

Lima Real Estate Market Conditions

  • Median sales price

    $180,000
    11.9% change since last quarter
  • # Active listings

    247
    30-day change

Lima Schools and Demographics

Education near Lima, OH

Metric City County
High School Graduates 86.44 91.15
College Degree - 2 year 9.71 11.06
College Degree - 4 year 10.58 19.12
Graduate Degree 2.35 5.22
Expenditures per Student 13,333 13,333
Students per Teacher 16.6 16.6

Elementary Schools near Lima, OH

School Grades Students P/T Ratio ZIP
Allen East Elementary School KG - 06 612 20.3 45850
Bath Elementary School KG - 04 712 19.6 45801
Elida Elementary School KG - 04 959 18.2 45807
Elmwood Elementary School KG - 03 555 19.6 45806
Freedom Elementary School PK - 04 298 18 45804
Heir Force Community School KG - 08 277 15.8 45801
Heritage Elementary School PK - 04 502 17.7 45805
Independence Elementary School PK - 04 383 17.8 45801
Liberty Arts Magnet K-8 KG - 08 420 16.7 45804
Lima South Science-Technology Magnet K-8 KG - 08 196 11.7 45804
Maplewood Elementary School 03 - 04 372 22.9 45805
Perry Elementary School KG - 06 472 18.8 45806
Unity Elementary School PK - 04 237 16.5 45804

Middle Schools near Lima, OH

School Grades Students P/T Ratio ZIP
Bath Middle School 05 - 08 541 19.6 45801
Elida Middle School 05 - 09 791 19.2 45807
Lima North Middle School 05 - 07 405 15.8 45801
Lima West Middle School 07 - 08 402 16.3 45805
Shawnee Middle School 05 - 08 811 20.5 45806

High Schools near Lima, OH

School Grades Students P/T Ratio ZIP
Allen East High School 07 - 12 517 18.9 45850
Bath High School 09 - 12 501 19.1 45801
Elida High School 09 - 12 730 22.8 45807
Lima Senior High School 09 - 12 1,038 12.7 45801
Perry High School 07 - 12 347 18.4 45806
Shawnee High School 09 - 12 717 14.9 45806
West Central Learning Academy II 07 - 12 55 5.9 45801

Ungraded Schools near Lima, OH

School Grades Students P/T Ratio ZIP
Auglaize County Educational Academy 02 - 12 71 23.6 45804

Demographics near Lima, OH

Metric City County
Neighborhood Type Suburban
Population 36,352 102,462
Population Density 2,685 255
Median Age 34.3 39.5
People per Household 2.4 2.4
Median Household Income 37,668 55,114
Average Income per Capita 19,098 28,671