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Two-Unit Duplex with Updates
New
For Sale
$199,900

404 E Lawn Ave, Urbana, OH 43078

Currently occupied by established tenants, with gas heat, laundry hookups, and off-street parking.

Property Size1,440 SF
Price / SF$138.82
Days on Market1

Property Features for 404 E Lawn Ave

General Information

Standard status Active
Size 1,440 SF
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

washer/dryer hookups

Building Details

Year Built 1950
Buildings 1
Tenancy Multi
Listing Agency: Eb Real Estate
Listed By: Streetlight Realty
Source: Streetlightrealtors
Added: Sep 7 Last Checked: Sep 7 at 2:48PM

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 Eb Real Estate

Investment Insights

Based on property information with market context.

This 1,440-square-foot duplex, built in 1950, contains two occupied apartments with matching layouts of 2 bedrooms and 1 bathroom. Each unit includes washer and dryer hookups; appliances are tenant-owned. The property uses gas heat and does not have central air conditioning. Two off-street parking spaces serve the building.

Situated at 404 E Lawn Ave in Urbana, the property occupies the corner of East Lawn Avenue and East Ward Street. Tenants pay their own electric and gas, while the owner covers water and sewer. Recent work includes a metal roof replacement, a Unit 402 water heater replacement, and a new water/sewer line from the curb. Current occupants have remained approximately 5 years and approximately 6 years, respectively.

Key Highlights

  • Two occupied units, each with 2 bedrooms and 1 bathroom
  • 1,440 SF duplex built in 1950
  • Metal roof replaced in 2018

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Skin Care Clinic Bakery Electrical Service Real Estate Agency Daycare Center

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
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

384
Businesses Nearby

Demographics for 43078, OH

20,067
Population
8,904
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
133
Density / Sq Mi
$72,500
Median Household Income
$40,854
Median Earnings
$909
Median Rent
$176,300
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 - Currently occupied by established tenants, with gas heat, laundry hookups, and off-street parking.
Where is this duplex located?
The property is located at 404 E Lawn Ave Urbana, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two occupied units, each with 2 bedrooms and 1 bathroom; 1,440 SF duplex built in 1950; Metal roof replaced in 2018
More about this property
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