859 E Mulberry Street, Lancaster, OH 43130
MULTI_FAMILY - Lancaster, OH
- Added:
- Mar 9, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 9 at 1:06 am
Property Features for 859 E Mulberry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1
- Parking
- 2
- Parking features
- Open
- Standard status
- Active Under Contract
- APN
- 0535194500
- Size
- 2,448 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3440
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1912
- Number of units
- 2
Listing agent Eric Russell License #2010002514 (740) 953-1134
Listing office RE/MAX ONE 1131 Hill Rd. N, Canal Winchester, OH (614) 729-7555
Listing date Mar 9, 2026
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.
HighLights
- Two rental homes on one property: 859 Mulberry (2‑story, 1,448 SF) and 859 1/2 Mulberry (Ranch, ~1,000 SF).
- Front home built in 1912 features a first‑floor master bedroom and space for 3–4 bedrooms.
- Front home updates include new carpet, flooring, and paint throughout.
- Rear home built in 1968 offers 2 bedrooms, 1 bathroom, and a living room (approximately 1,000 SF).
- Both homes have public utilities: public water and public sewer; front home has a partial basement and rear home has a crawl space.
- Heating and cooling: forced air heat and central air; parking is available in open spaces.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $15.00 |
| − Vacancy | −$2.6k | −$1.07 |
| EGI | $34.1k | $13.93 |
| − OpEx | −$10.2k | −$4.18 |
| NOI | $23.9k | $9.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.583627
- Latitude
- 39.716324
