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Three-Unit Property with Bungalow
For Sale
$275,000

143 Union Street, Lancaster, OH 43130

Multi-Family, Lancaster, OH

Property SizeContact for details
Lot Size0.22 Acres
Days on Market74

Property Features for 143 Union Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 7
Rooms Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 5
Elementary school district LANCASTER CSD 2305 FAI CO.
Middle school district LANCASTER CSD 2305 FAI CO.
High school district LANCASTER CSD 2305 FAI CO.
Standard status Active
APN 05-32044-900
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2946

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Number of units 3
Listing Agency: EXP Realty, LLC
Listed By: Ryan J Ruehle · License #2003013260
Added: Jun 12 Changed: Aug 23 Last Checked: Aug 24 at 7:06PM
MLS# 226021595

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.

Investment Insights

Based on property information with market context.

This triplex property provides more than 3,200 square feet across three residences. The 2,716-square-foot main home contains two units, including one with a fireplace, hardwood flooring, two bedrooms, dining space, and a full bathroom. The other main-home unit has two bedrooms, a flex room, living and dining areas, and a kitchen. A separate 540-square-foot bungalow adds a kitchen, living room, and bedroom.

The property sits on a 0.22-acre lot in Lancaster, Ohio. Built in 1900, it has forced-air heat, central air, public water, and public sewer. The configuration supports an owner-occupant or investor seeking a three-unit residential income property with separate living spaces.

Key Highlights

  • Three separate units across more than 3,200 square feet of total living space
  • 2,716‑square‑foot main home configured as two residential units
  • Separate 540‑square‑foot bungalow with kitchen, living room, and bedroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Bakery Carpet & Flooring Store (Bike/Boat/Book/etc) Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,459
Businesses Nearby

Demographics for 43130, OH

62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex configuration includes two units in the main residence and a separate bungalow with public utilities.
Where is this triplex located?
The property is located at 143 Union Street Lancaster, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three separate units across more than 3,200 square feet of total living space; 2,716‑square‑foot main home configured as two residential units; Separate 540‑square‑foot bungalow with kitchen, living room, and bedroom
More about this property
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