Multi-Family: MLS #226001129 Lancaster, OH $ 188,000
Multi-Family: MLS #226001129
$ 188,000
Recently Listed
Share Save

Multi-Family: MLS #226001129

Lancaster, OH, 43130
$ 188,000
Baths0.0

Monthly Estimate*

$ 1,158

MLS #/Web ID: 226001129 - Image 1
MLS #/Web ID: 226001129 - Image 2
Studio

Multi-Family Home for sale in Lancaster, OH

for $188,000. This home was built in 1900 on a lot size of 0.14.

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.

See more

Multi-Family Active

Price

$ 188,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,201

Style

Lot Size

0.14

Year Built

1900

Town/City

Lancaster

County/Region

Fairfield

MLS | Web ID

226001129

Features
General
Year Built 1900
Township None
Property Subtype Duplex
Tax Year 2024
Gross Income 0.0
Net Operating Income 0.0
Operating Expense 0.0
Property Type Multi-Family
Status Active
City Lancaster
High School District LANCASTER CSD 2305 FAI CO.
Number Of Units Total 2
Lot Size Square Feet 6098.4
Land Lease Y/N N
Tax Annual Amount 2201.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
See more
Exterior
Lot Size Area 0.14
Spa N
Lot Size Acres 0.14
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Interior
Total Baths 0
See more
* Excluded Features
List By
Keith Dwyer

Listing Agent

Bartlett Benner Realty

Broker

keithdwyerbbr@gmail.com

Email

Affordability Calculator

$1,341
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,158
Monthly Property Taxes
$183
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1421203 Elementary School
1421005 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/13/2026$188,000 Listed Price

Map


See all