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$ 188,000
Est. payment | /mo
6,098 Sqft Lot
$ 188,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226001129
Year Built 1900
Annual Tax Amount $2,201
Lot Size 6,098 Sqft
Lot Dimensions 0.14
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
If you've been waiting on a real value-add opportunity in Lancaster, this is one worth your attention.
This duplex sits in a location tenants consistently want — close to shopping, schools, restaurants, and main travel routes — which is exactly what protects long-term occupancy and rent growth. The bones are there. The location is right. What it needs now is the work.
This property does require significant renovation, but that's where the margin lives. With proper rehab, the projected gross rental income is approximately $2,000+ per month, making this an excellent repositioning play for investors who understand how to create equity and lock in strong cash flow.
Two units under one roof means:
Diversified income
Lower vacancy risk
Simpler management
Better long-term appreciation
This is not a turnkey property — and it's not priced like one. It's a chance to step into Lancaster, improve the asset, and build real equity the way rental portfolios were built long before over-priced flips became the norm.
Buy it right. Renovate it smart. Let it perform.
This duplex sits in a location tenants consistently want — close to shopping, schools, restaurants, and main travel routes — which is exactly what protects long-term occupancy and rent growth. The bones are there. The location is right. What it needs now is the work.
This property does require significant renovation, but that's where the margin lives. With proper rehab, the projected gross rental income is approximately $2,000+ per month, making this an excellent repositioning play for investors who understand how to create equity and lock in strong cash flow.
Two units under one roof means:
Diversified income
Lower vacancy risk
Simpler management
Better long-term appreciation
This is not a turnkey property — and it's not priced like one. It's a chance to step into Lancaster, improve the asset, and build real equity the way rental portfolios were built long before over-priced flips became the norm.
Buy it right. Renovate it smart. Let it perform.
Location
State OH
Area 0.14
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Lancaster Csd 2305 Fai Co.
School District Lancaster Csd 2305 Fai Co.
Others
Tax ID 05-32080-100
Listed by Keith Dwyer BARTLETT BENNER REALTY