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Renovated Quadplex With Studio
For Sale
$395,000

201 W Lawrence St, Montpelier, OH 43543

Four updated apartments include distinctive church-era details, basement space, and individual washer/dryer hookups.

Property Size4,500 SF
Price / SF$87.78
Days on Market15

Property Features for 201 W Lawrence St

General Information

Standard status Active
Size 4,500 SF
Property subtype Residential Income

Units

Unit Mix 1 x studio, 1 x 2BR/2BA, 2 x 2BR/1BA
Multifamily Units 4

Amenities

washer/dryer hookup

Building Details

Buildings 1
Listing Agency: Elias H. Frey & Sons, Inc.
Listed By: Stacy L. Lillard
Source: Exprealty
Added: Aug 3 Changed: Aug 15 Last Checked: Aug 16 at 1:26PM

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 Elias H. Frey & Sons, Inc.

Investment Insights

Based on property information with market context.

Located at 201 W Lawrence St in Montpelier, OH, this 4,500-square-foot quadplex contains four renovated apartments within a former church building. The unit mix includes a studio in the Bell Tower, one two-bedroom, two-bath apartment with cathedral ceilings and original stained glass, and two two-bedroom, one-bath apartments with open living, dining, and kitchen areas. Vinyl plank flooring runs throughout most of the property, while the Bell Tower retains original hardwood floors and trim.

The full basement has its own lockable entrance, two bathrooms, and space for storage or additional use. Each apartment includes a washer/dryer hookup, and kitchen appliances are included with the property. New high-efficiency boilers serve the building.

Key Highlights

  • 4,500‑square‑foot former church converted into a 4‑unit apartment building
  • Unit mix includes one studio, one 2‑bedroom/2‑bath apartment, and two 2‑bedroom/1‑bath apartments
  • The Sanctuary apartment retains original stained glass windows and cathedral ceilings

Property Analytics

Current Use

New Beginnings Church Church

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Spa & Massage Center Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

214
Businesses Nearby

Demographics for 43543, OH

7,364
Population
3,555
Households
2.1
Avg Household Size
44
Median Age
11%
College-Educated
92%
High-School Grad
84.7 sq mi
ZIP Area
87
Density / Sq Mi
$60,685
Median Household Income
$40,268
Median Earnings
$745
Median Rent
$130,100
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?
Quadplex - Four updated apartments include distinctive church-era details, basement space, and individual washer/dryer hookups.
Where is this quadplex located?
The property is located at 201 W Lawrence St Montpelier, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 4,500‑square‑foot former church converted into a 4‑unit apartment building; Unit mix includes one studio, one 2‑bedroom/2‑bath apartment, and two 2‑bedroom/1‑bath apartments; The Sanctuary apartment retains original stained glass windows and cathedral ceilings
More about this property
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