For Sale
$219,000

803 Washington AveLancaster, OH 43130

Prime Lancaster investment opportunity: 4-unit building.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 2-story, 3,360 square foot apartment building located at 803 Washington Ave, Lancaster, OH 43130, presents a compelling investment opportunity. Built in 1900, this multifamily property features four units: two 2-bedroom units and two 1-bedroom units. The asking price is $219,000, translating to $65.18 per square foot and $54,750 per unit. Current monthly rents range from $430 to $695, with one unit currently vacant, offering immediate potential for increased revenue. The property boasts off-street parking, a significant advantage in this location. The building is zoned for residential multi-family use, ensuring its suitability for continued operation as a rental property. The property is ready for occupancy on June 18, 2024. This is an ideal opportunity for an owner-user or investor seeking to establish or expand their real estate portfolio within a thriving Ohio market. The property's strong rental history and convenient location make it a highly attractive investment prospect. This is a rare chance to acquire a well-maintained, income-generating property in a desirable area. Don't miss this chance to secure a profitable addition to your investment holdings.

Highlights

  • Exceptional 2-story, 3,360 sq ft multifamily building in Lancaster, OH.
  • Four units: two 2-bedroom, two 1-bedroom.
  • Asking price: $219,000 ($65.18/sq ft, $54,750/unit).
  • Monthly rents $430-$695; one vacant unit.
  • Off-street parking.
  • Residential multi-family zoning.

Property Details for 803 Washington Ave

Property type
Apartment buildings
Square Feet
3,360 SF
Year Built
1900
Buildings
1
Stories
2
Units
4

Location Insight

City
Lancaster
County
Fairfield
State
Ohio
Latitude
39.716980245039
Longitude
-82.616582578297
803 Washington Ave, Lancaster, Ohio

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803 Washington Ave
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