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    627-631 Brice Ave Lima, OH 45801

    For Sale
    $140,000

    MULTI_FAMILY - Lima, OH

    Days on Market:
    19
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 627-631 Brice Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 10, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bathroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 7, Bedroom 9, Bedroom 8, Bedroom 3, Bedroom 1, Bedroom 11, Bedroom 5
    Bedrooms
    11
    Bathrooms
    5
    APN
    36-2512-17-005.000
    Parking features
    Off Street

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1932
    Number of units
    5

    Hartsock Realty LLC (419) 303-8182 [email protected]

    Listing agent David Mayer (567) 825-3009

    Listing date Nov 17, 2025

    MLS# 308329 Listing URL

    Copyright © 2025 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Investment Opportunity in Lima

    This multi-family property is located in an opportunity zone near the heart of Lima. Zoned B-2, the package includes a fully rented single family home, a four-unit building in need of renovation, and an extra lot for parking or development. The four-unit property requires a new roof and interior restoration due to storm damage. The property offers upside potential as a future cash-flowing asset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lima
    County
    Allen
    State
    Ohio
    Longitude
    -84.113568
    Latitude
    40.744687

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    FAQs

    What type of property is this?
    Apartment building - Multi-family property with renovation potential in an opportunity zone.
    Where is this apartment building located?
    The property is located at 627-631 Brice Ave Lima, OH.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: - Multi-family property in an opportunity zone near the heart of Lima.; - Includes a fully rented single-family home.; - Four-unit building with strong upside potential.
    (567) 825-3009
    Request Owner's contact information
    627-631 Brice Ave Lima, OH 45801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    627-631 Brice Ave Lima, OH 45801
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