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About This Home

This 6-bedroom, 3-bathroom residential multi family at 500 Eastern Avenue in New Lexington, OH is listed for $297,000 ($119 per sqft). Built in 1991, the home offers 2,500 sqft of living space on a 0.15 acres lot.

Agent Description

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!

Key Features

  • Built in 1991
  • 0.15 acre lot
  • 2 stories

Property Details

2 stories
3 full
1991

Amenities

A/C

Monthly Cost Estimate

$1,588/mo

20% down · 6.5% · 30 years

Principal$215
Interest$1,287
Insurance$87

Estimates only. Actual payments may vary.

Location

500 Eastern Avenue

New Lexington, OH 43764

Fi Rst Add

Features & Amenities

Interior Features

CeilingFans

Property Details

Construction

VinylSiding

Heating

Natural Gas

Cooling

Window Unit(s)Central Air

Appliances

DryerRefrigeratorWasher

Questions & Answers

This 6-bedroom, 3-bathroom residential multi family at 500 Eastern Avenue is listed at $297,000 ($119/sqft). The estimated monthly payment is $1,287 based on 20% down at 6.5% interest.

Key features include: Built in 1991, 0.15 acre lot, 2 stories. Interior Features: CeilingFans.

This property is listed by Joan Elflein and can be reached at 6149897215 or sold@ohiobrokerdirect.com.

JE

Joan Elflein

Agent at Ohio Broker Direct

(614) 989-7215

Listed by Ohio Broker Direct · View on Broker Site

MLS# 5149912· Source: listhub· Updated 283 days ago

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500 Eastern Avenue, New Lexington, OH 43764

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