Curious about this home?
Ask anything — no agents, no pressure
Try asking
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.
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
Amenities
Monthly Cost Estimate
$1,588/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
500 Eastern Avenue
New Lexington, OH 43764
Fi Rst Add
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Appliances
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.


