500 Eastern Avenue New Lexington, OH $ 297,000
500 Eastern Avenue
$ 297,000
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500 Eastern Avenue

New Lexington, OH, 43764
$ 297,000
Bedrooms6 Baths3.0 Sq 2,500

Monthly Estimate*

$ 1,829

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Multi-Family Home for sale in New Lexington, OH

for $297,000 with 6 bedrooms and 3 full baths. This 2,500 square foot home was built in 1991 on a lot size of 0.15.

For sale in New Lexington, Ohio: a fully renovated 3-unit property offering an exceptional income-generating opportunity. This turnkey investment includes a duplex and a charming rear cottage-style unit, each with its own distinctive character. Renovated just two years ago, all units feature brand-new HVAC systems, modern finishes, and updated utilities. With a strong rental history, all three units have been continuously leased since the renovation, and three active leases are currently in place. Side A of the duplex will become available at the end of August, presenting a perfect chance to re-rent for additional income or occupy as an owner-investor. Each unit is individually metered for gas, water, and electric, simplifying expense management. The property spans two parcels—one for the duplex and one for the cottage—offering flexibility for future development or resale. Located near schools, a public park, basketball court, and swimming pool, this property is highly attractive to families and long-term tenants. Move-in ready and poised for steady cash flow with potential for growth, this is a must-see for serious investors. Schedule a showing today!

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Multi-Family Active

Price

$ 297,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,238

Style

Lot Size

0.15

Year Built

1991

Town/City

New Lexington

County/Region

Perry

MLS | Web ID

5149912

Features
General
Sewer Public Sewer
Heating Gas
Cooling Central Air Wall/Window Unit(s)
Possession Negotiable
Roof Metal
Appliances Dryer Refrigerator Washer
Pool Features Community
Construction Materials Vinyl Siding
Year Built 1991
Tenant Pays Electricity Gas Water
Stories Count 2
Township Pike Twp
Levels Two
Property Subtype Triplex
Tax Year 2024
Community Features Playground Park Pool
County Perry
Property Type Residential Income
Attached Garage false
Subdivision Name Fi Rst Add
Garage Y/N false
Full Baths 3
Status Active
Directions Mill Street to Orchard Ave to Eastern Ave
City New Lexington
High School District New Lexington CSD - 6402
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 1238
Home Warranty Y/N false
Property Condition Updated/Remodeled
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District New Lexington CSD - 6402
Elementary School District New Lexington CSD - 6402
Year Built Source Public Records
Property Sub Type Additional Triplex
Legal Description WHOLE LOT 1847VANATTAS FI RST ADD SEC 09
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Interior
Interior Amenities Ceiling Fan(s)
Basement Crawl Space Dirt Floor Partially Finished
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Above Grade Finished Area 2500
Half Baths 0
Laundry Features Laundry Room In Unit
Total Bedrooms 6
Main Level Bathrooms 0
Above Grade Finished Area Source Owner
Total Baths 3
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Exterior
Fencing None
Parking Features Gravel Kitchen Level On Site
Lot Features Back Yard Corner Lot Front Yard
Water Source Public
Lot Size Area 0.15
Number of Buildings 2
Lot Size Acres 0.15
Lot Size Source Public Records
Waterfront Y/N false
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* Excluded Features
List By
Joan Elflein

Listing Agent

Ohio Broker Direct

Broker

sold@ohiobrokerdirect.com

Email

Affordability Calculator

$1,932
Per Month
95%
5%
0%
Monthly Principal & Interest
$1,829
Monthly Property Taxes
$103
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458898 Elementary School
4458950 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2025$297,000 Listed Price

Map


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500 Eastern Avenue, New Lexington, OH, 43764 is a Multi-Family Home for sale at $297,000 with 2,500 sqft and a lot size of 0.15. 500 Eastern Avenue has 6 bedrooms, 3.0 baths, and was built in 1991. The property's zip code is 43764 which is in New Lexington, OH