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Renovation-Needed Duplex
For Sale
$165,000

330 Park Street, Lancaster, OH 43130

Two-unit duplex requires significant renovation to realize projected gross rental income of about $2,000+ per month.

Property Size1,776 SF
Price / SF$92.91
Days on Market406

Property Features for 330 Park Street

General Information

Standard status Active
Size 1,776 SF
Property subtype Multi-Family / Duplex

Taxes and HOA fees

Annual Taxes $2,201

Amenities

Central Air
Yes

Building Details

Year Built 1900
Listing Agency: BARTLETT BENNER REALTY
Listed By: Keith Dwyer · License #2021004232
Source: Compass
Added: Jul 29, 2025 Changed: Aug 8 Last Checked: Jul 21 at 7:53AM

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 BARTLETT BENNER REALTY

Investment Insights

Based on property information with market context.

This duplex features two units under one roof and is positioned as a value-add opportunity, but it does require significant renovation. The property is not presented as turnkey, and the upside is tied to completing the needed work to improve income performance. The provided projection indicates approximately $2,000+ per month in gross rental income following proper rehab.

Situated close to shopping, schools, restaurants, and main travel routes, the location is described as one that tenants consistently want—an element intended to support long-term occupancy and rental stability.

For investors or owner-operators looking for a residential income property with two units in a single building and a renovation scope, this is a repositioning play built around completing the improvements the property needs.

Key Highlights

  • Two‑unit duplex in Lancaster requiring significant renovation
  • Projected gross rental income of approximately $2,000+ per month with proper rehab
  • Central air cooling (cooling system present)

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Hair Salon Hotel & Motel Electrical Service Daycare Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

768
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

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?
Duplex - Two-unit duplex requires significant renovation to realize projected gross rental income of about $2,000+ per month.
Where is this duplex located?
The property is located at 330 Park Street Lancaster, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit duplex in Lancaster requiring significant renovation; Projected gross rental income of approximately $2,000+ per month with proper rehab; Central air cooling (cooling system present)
More about this property
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