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Three-Unit Triplex with Separate Systems

1063 W West Market Street, Lima, OH 45805

For Sale
$195,000

All three residences are occupied, and each has its own breaker box and water heater.

Property SizeContact for details
Days on Market166

Property Features for 1063 W West Market Street

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $524
Listing Agency: Cowan, Realtors
Listed By: April LaRue
Source: Exprealty
Added: May 26 Changed: Nov 7 Last Checked: Nov 7 at 1:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cowan, Realtors

Rey
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Investment Insights

Based on property information with market context.

This three-unit residential property has two 3-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each residence is equipped with a dedicated breaker box and water heater. Interior paint work was completed across the units within the past two years.

All three units are currently occupied. The owner covers water, sewer, trash service, and snow removal.

Key Highlights

  • Three units, all currently occupied
  • Two units have 3 bedrooms and 1 full bath each; the third has 1 bedroom and 1 full bath
  • Dedicated breaker box and water heater for each unit

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

992
Businesses Nearby

Demographics for 45805, OH

22,740
Population
10,560
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,558
Density / Sq Mi
$65,954
Median Household Income
$37,126
Median Earnings
$944
Median Rent
$153,700
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All three residences are occupied, and each has its own breaker box and water heater.
Where is this triplex located?
The property is located at 1063 W West Market Street Lima, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Three units, all currently occupied; Two units have 3 bedrooms and 1 full bath each; the third has 1 bedroom and 1 full bath; Dedicated breaker box and water heater for each unit
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