Local realty services provided by:ERA Martin & Associates
Address Withheld By Seller,Lancaster, OH 43130
$188,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: keith dwyer
Office: bartlett benner realty
MLS#:226001129
Source:OH_CBR
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Price summary
- Price:$188,000
About this home
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.
Contact an agent
Home facts
- Year built:1900
- Listing ID #:226001129
- Added:27 day(s) ago
- Updated:February 10, 2026 at 04:06 PM
Structure and exterior
- Year built:1900
- Lot area:0.14 Acres
Finances and disclosures
- Price:$188,000
- Tax amount:$2,201
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