Two-Unit Duplex with Four Parking
New
For Sale
$225,000
422 E 5th Avenue, Lancaster, OH 43130
Tenant-occupied duplex with separate three-bedroom units, fenced outdoor areas, alley access, and dedicated rear parking.
Property Size2,644 SF
Price / SF$85.10
Days on Market4
Property Features for 422 E 5th Avenue
General Information
Standard status
Active
Size
2,644 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Furnished
No
Amenities
fenced yard
shed
Building Details
Year Built
1900
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Key Realty
Listed By:
Nicole Barker · License #658032321
Source:
Columbusignaturehomes
Added: Sep 9
Last Checked: Sep 11 at 4:59AM
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 Key Realty
Investment Insights
Based on property information with market context.
Located at 422 E 5th Avenue in Lancaster, this 2,644-square-foot duplex was built in 1900 and contains two separate three-bedroom units. Each residence includes a living area, kitchen, first-floor laundry, and crawl space. Unit 424 has one full bathroom upstairs plus a first-floor half bathroom, while Unit 422 includes one full bathroom upstairs. Unit 424 has updated flooring in the kitchen, laundry area, and half bathroom, along with a privacy fence. Both units are tenant occupied; Unit 424 has a 1-year lease, and Unit 422 is occupied on a month-to-month arrangement.
The property is fully fenced with divided outdoor areas for the two residences. An alley provides access to a rear shed and four parking spaces, with additional parking available at the front. Tenants pay utilities and handle lawn care. Appliances in both units are tenant owned.
The property is fully fenced with divided outdoor areas for the two residences. An alley provides access to a rear shed and four parking spaces, with additional parking available at the front. Tenants pay utilities and handle lawn care. Appliances in both units are tenant owned.
Key Highlights
- 2,644‑square‑foot duplex built in 1900
- Two separate three‑bedroom units
- Unit 424 has a 1‑year lease; Unit 422 is month‑to‑month
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with separate three-bedroom units, fenced outdoor areas, alley access, and dedicated rear parking.
Where is this duplex located?
The property is located at 422 E 5th Avenue Lancaster, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,644‑square‑foot duplex built in 1900; Two separate three‑bedroom units; Unit 424 has a 1‑year lease; Unit 422 is month‑to‑month
