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6-Unit Apartment Property with Duplex
New
For Sale
$399,900

302 Reber Avenue, Lancaster, OH 43130

Multi-Family, Lancaster, OH

Property SizeContact for details
Lot Size0.13 Acres
Days on Market3

Property Features for 302 Reber Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 7
Rooms Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 7
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 05-32076-500
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3272

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1910
Number of units 6
Listing Agency: Rise Realty
Listed By: Rachel Marie Foltz · License #2023001140
Added: Oct 3 Changed: Oct 4 Last Checked: Oct 5 at 11:06AM
MLS# 226037709

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.

This Lancaster multifamily property comprises two dwellings on a 0.13-acre parcel. The brick building contains four matching apartments, each with one bedroom, one bathroom, and vinyl flooring. A separate duplex adds an upper-level one-bedroom, one-bathroom apartment and a lower-level two-bedroom, one-bathroom apartment with laundry. The property was built in 1910 and is served by public water and sewer.

Utilities are separately metered, and the property is tenant-occupied. Several occupants have remained in place long term.

Key Highlights

  • Six apartments across two dwellings on a 0.13‑acre parcel
  • Brick building includes four one‑bedroom, one‑bathroom apartments
  • Duplex has one‑bedroom upstairs and two‑bedroom downstairs units, each with one bathroom

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Food Market (Bike/Boat/Book/etc) Store HVAC Service 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

6
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

769
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
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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?
Apartment building - Two dwellings combine four one-bedroom apartments with a two-unit duplex, including an apartment with in-unit laundry.
Where is this apartment building located?
The property is located at 302 Reber Avenue Lancaster, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Six apartments across two dwellings on a 0.13‑acre parcel; Brick building includes four one‑bedroom, one‑bathroom apartments; Duplex has one‑bedroom upstairs and two‑bedroom downstairs units, each with one bathroom
More about this property
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