Multifamily Property
For Sale
Contact for pricing
926 W Wayne St, Lima, OH 45805
For sale multifamily portfolio at 926 W Wayne St, offered with options to remodel-and-flip or hold as rentals.
Property SizeContact for details
Days on Market119
Property Features for 926 W Wayne St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
eXp Realty
Listed By:
Eric Schomber · License #OH 2020007677
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 21 at 5:33AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio is presented as a package with options for either remodel-and-flip or long-term rental ownership. The seller notes that, based on recent activity, renovations have been completed with per-door investment in the $20,000 to $40,000 range, with reported results from renovated sales to retail buyers over the past 12 months.
The seller also provides rental performance context from the period following purchase in Lima, stating initial rents were below $500 (range $400 to $625) and that current rents are reported to be in the $650 to $1,100 range, with a most recent lease signed in December at $1,300.
Interested buyers should review the specific door-by-door details and current listings referenced in the marketing materials, as the offering is described as a broader portfolio rather than a single unit.
The seller also provides rental performance context from the period following purchase in Lima, stating initial rents were below $500 (range $400 to $625) and that current rents are reported to be in the $650 to $1,100 range, with a most recent lease signed in December at $1,300.
Interested buyers should review the specific door-by-door details and current listings referenced in the marketing materials, as the offering is described as a broader portfolio rather than a single unit.
Key Highlights
- For sale multifamily portfolio at 926 W Wayne St, offered with options to remodel‑and‑flip or hold as rentals
- Option 1 (remodel‑and‑flip): sold 12 renovated homes in Lima to retail buyers over the last 12 months
- Renovation investment averaged $35k per door; sold homes averaged $150,000 in this period
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
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Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily portfolio at 926 W Wayne St, offered with options to remodel-and-flip or hold as rentals.
Where is this multifamily property located?
The property is located at 926 W Wayne St Lima, OH.
What are key features of this property?
This property features: For sale multifamily portfolio at 926 W Wayne St, offered with options to remodel‑and‑flip or hold as rentals; Option 1 (remodel‑and‑flip): sold 12 renovated homes in Lima to retail buyers over the last 12 months; Renovation investment averaged $35k per door; sold homes averaged $150,000 in this period
