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Renovated Delaware Duplex
For Sale
$275,000

226 Lake Street, Delaware, OH 43015

Two separately entered units offer flexible occupancy and rental use near downtown Delaware.

Property SizeContact for details
Days on Market44

Property Features for 226 Lake Street

General Information

Standard status Active
Total Parking Spaces 1
Property subtype Multi Family Home
Occupancy 100%

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,067

Building Details

Year Built 1901
Year Renovated 2015
Units 2
Tenancy Multi
Listing Agency: Red 1 Realty
Listed By: Abigail E Swihart Valentine · License #2018002817
Source: Hcblandrealty
Added: Jul 21 Changed: Aug 31 Last Checked: Aug 31 at 5:12PM

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 Red 1 Realty

Investment Insights

Based on property information with market context.

This two-unit residential property was built in 1901 and received substantial renovations in 2014 and 2015. Work included electrical rewiring, updated water and drain lines, replacement windows, and other improvements. Each unit has its own exterior entrance, while the lower residence also opens from the front and side. Additional features include a vaulted primary-bedroom ceiling in the lower unit, soundproofing between the lower bedroom and upper residence, and washers and dryers that convey with the sale.

A detached one-car garage is included and can be wired for either unit. Both residences are occupied under month-to-month leases, providing current rental use with flexibility for future occupancy or lease changes. The property is near downtown Delaware, shopping, dining, parks, and major commuter routes.

Key Highlights

  • Duplex renovated during 2014 and 2015
  • Updated electrical wiring, water and drain lines, plus replacement windows
  • Both units have private exterior entrances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring 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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby

Demographics for 43015, OH

57,563
Population
23,287
Households
2.5
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
127.9 sq mi
ZIP Area
450
Density / Sq Mi
$99,622
Median Household Income
$50,799
Median Earnings
$1,207
Median Rent
$311,900
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?
Duplex - Two separately entered units offer flexible occupancy and rental use near downtown Delaware.
Where is this duplex located?
The property is located at 226 Lake Street Delaware, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex renovated during 2014 and 2015; Updated electrical wiring, water and drain lines, plus replacement windows; Both units have private exterior entrances
More about this property
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