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Two-Home Multifamily Property
New
For Sale
$229,900

149 & 151 S George Street, Lancaster, OH 43130

Multi-Family, Lancaster, OH

Property SizeContact for details
Lot Size0.11 Acres
Days on Market2

Property Features for 149 & 151 S George Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Rooms Bedroom 3, Bedroom 1, Bedroom 2
Elementary school district LANCASTER CSD 2305 FAI CO.
Middle school district LANCASTER CSD 2305 FAI CO.
High school district LANCASTER CSD 2305 FAI CO.
Standard status Active
APN 05-36045-200
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1597

Utilities

Sewer type Public Sewer
Water source Public

Amenities

covered front porch
porch swing

Building Details

Year built 1900
Number of units 2
Listing Agency: Rise Realty
Listed By: Rachel Marie Foltz · License #2023001140
Added: Oct 4 Last Checked: Oct 5 at 6:06PM
MLS# 226037768

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.

Investment Insights

Based on property information with market context.

The property includes two updated residences on a 0.11-acre parcel. The primary home has three bedrooms, one full bathroom, first-floor laundry, and a living room adjoining the dining area and kitchen. Updates include new flooring, fresh paint, a renovated kitchen and bathroom, and new exterior siding. A covered front porch adds outdoor space.

Set behind the main residence, the bungalow contains one bedroom, one bathroom, a living room, and a kitchen. Both homes have separate utilities. Public water and public sewer serve the property, which was built in 1900 and is located in Lancaster, Ohio.

Key Highlights

  • Two residences on a 0.11‑acre parcel
  • Main home has 3 bedrooms and 1 full bathroom
  • Rear bungalow has 1 bedroom and 1 bathroom

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Restaurant Daycare Center Hair Salon Electrical Service Bakery

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

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

975
Businesses Nearby

Demographics for 43130, OH

62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Separate utility service is provided to each residence.
Where is this multifamily property located?
The property is located at 149 & 151 S George Street Lancaster, OH.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two residences on a 0.11‑acre parcel; Main home has 3 bedrooms and 1 full bathroom; Rear bungalow has 1 bedroom and 1 bathroom
More about this property
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