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Four-Unit Multifamily Property
For Sale
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507 W Morenci Street, Lyons, OH 43533

Two-story townhomes offer private garages, gated patios, and individually metered utilities.

Property SizeContact for details
Days on Market144

Property Features for 507 W Morenci Street

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 4 x 2BR/1.5BA
Multifamily Units 4

Amenities

private garage
gated private side patio
central air conditioning
gas-forced heating
private mailbox

Building Details

Year Built 2007
Buildings 2
Listing Agency: Reichle | Klein Group
Listed By: Tony Plath · License #OH 0000277590
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 3:37PM

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 Reichle | Klein Group

Investment Insights

Based on property information with market context.

Built in 2007, this multifamily property includes four matching townhouse units arranged within two separate buildings. Each residence measures 1,248 SF across two levels and includes two bedrooms, one full bath, a first-floor half bath, and a laundry room. The second-floor bedrooms complement an open kitchen and living area, with carpet and vinyl flooring throughout. Central air conditioning and gas-forced heating serve each unit.

Every townhome includes a private rear garage, gated side patio, dedicated mailbox, and access to asphalt surface parking and driveways. Utilities are separately metered by unit. The buildings occupy separate parcels, allowing them to be offered together or individually.

Key Highlights

  • Four townhouse units across two separate buildings
  • Each unit is 1,248 SF with two bedrooms and one‑and‑a‑half baths
  • Built in 2007 and described as well maintained

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Furniture & Home Goods Hair Salon Barber Shop Nail Salon

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

46
Businesses Nearby

Demographics for 43533, OH

1,509
Population
675
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
98%
High-School Grad
23.3 sq mi
ZIP Area
65
Density / Sq Mi
$63,333
Median Household Income
$41,602
Median Earnings
$900
Median Rent
$169,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Two-story townhomes offer private garages, gated patios, and individually metered utilities.
Where is this multifamily property located?
The property is located at 507 W Morenci Street Lyons, OH.
What are key features of this property?
This property features: Four townhouse units across two separate buildings; Each unit is 1,248 SF with two bedrooms and one‑and‑a‑half baths; Built in 2007 and described as well maintained
More about this property
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