Brick Duplex with Full
New
For Sale
$435,000
417 E Chestnut Street, Lancaster, OH 43130
Multi-Family, Lancaster, OH
Property Size3,933 SF
Lot Size0.22 Acres
Price / SF$110.60
Days on Market1
Property Features for 417 E Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4
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
0535081200
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
full basement
central air
gas heat
Building Details
Year built
1900
Number of units
2
Listing Agency:
Rock House Realty LLC
(614) 245-8267
Listed By:
Elizabeth Genevieve Wills
(740) 207-5076
Added: Oct 5
Last Checked: Oct 5 at 3:06PM
MLS# 226037796
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 two-story brick duplex in Lancaster contains approximately 3,933 square feet, with five bedrooms and three full bathrooms. A full basement adds substantial secondary space, and the home has central air and gas heat.
The 0.22-acre property is served by public water and sewer. Built in 1900, it offers a duplex configuration with established brick construction.
The 0.22-acre property is served by public water and sewer. Built in 1900, it offers a duplex configuration with established brick construction.
Key Highlights
- Approximately 3,933 square feet across two stories
- Five bedrooms and three full bathrooms
- Full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,356
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,120
$767.1K
Cap Rate 7%
$547,943
$547.9K
Cap Rate 9%
$426,178
$426.2K
Market Conditions
NOI Build-Up for 3,933 SF
Gross rent
$59.0K $15.00/SF
− Vacancy
−$4.2K −$1.07/SF
EGI
$54.8K $13.93/SF
− OpEx
−$16.4K −$4.18/SF
NOI
$38.4K $9.75/SF
Area
Fairfield County, OH
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,120
Cap Rate 7%
$547,943
Cap Rate 9%
$426,178
Alternative Uses
Best Use
Multifamily LT 5
$547.9K
$479.5K – $639.3K
NOI $38,356 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$497.4K
$435.2K – $580.3K
NOI $34,816 @ 7.0% cap · market cap 8.00%
Theoretical Best
Warehouse
$792.7K
$693.6K – $924.8K
NOI $55,489 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story brick construction includes central air, gas heat, and public water and sewer service.
Where is this duplex located?
The property is located at 417 E Chestnut Street Lancaster, OH.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Approximately 3,933 square feet across two stories; Five bedrooms and three full bathrooms; Full basement
