About This Home

This 2-bedroom, 1-bathroom single family at 507 Orena Avenue in Lima, OH is listed for $64,990 ($79 per sqft). Built in 1940, the home offers 824 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 1940
  • 0.12 acre lot

Property Details

1 story
1 full
1-car garage
1940
Listing Description

Great investment or value-add opportunity in Lima! This 2-bedroom, 1-bath bungalow features an efficient single-story layout, a covered front porch, a detached 1-car garage, and a spacious yard. Currently tenant-occupied on a month-to-month lease, providing immediate cash flow with significant potential to build equity or increase rental yield through cosmetic updates.

Conveniently located near local amenities, shopping, and major roadways. Property is being sold as-is, ideal portfolio addition for buy-and-hold investors or handy buyers looking to customize. By appointment only.

Monthly Cost Estimate

$348/mo

20% down · 6.5% · 30 years

Principal$47
Interest$282
Insurance$19

Estimates only. Actual payments may vary.

Location

507 Orena Avenue

Lima, OH 45804

Property Details

Parking

Garage - Detached

Heating

Forced Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 507 Orena Avenue is listed at $64,990 ($79/sqft). The estimated monthly payment is $348 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.12 acre lot.

This property is listed by Phillip Warren Stern.

PS

Phillip Warren Stern

Agent at Realistar

Listed by Realistar · Broker phone: (614) 738-4971 · View on Broker Site

MLS# 226041385· Source: Columbus and Central Ohio Multiple Listing Service· 1 day on PropertySimple

Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

507 Orena Avenue, Lima, OH 45804

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