435 E Main Street, Lancaster, OH 43130
SINGLE_FAMILY - Lancaster, OH
- Added:
- Apr 3, 2026
- Days on Market:
- 68
- Last Refresh:
- Jun 9 at 7:06 pm
Property Features for 435 E Main Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Standard status
- Active
- APN
- 05-35102-500
- Size
- 3,445 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2623
Utilities
- Utilities
- Water Available
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
Listing agent Jeffrey A Sauer (740) 503-2126
Listing office Rise Realty 355 E Main Street, Lancaster, OH (740) 654-5552
Listing date Apr 3, 2026
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.
HighLights
- Seller financing available
- Income‑generating 2‑bedroom apartment currently rented for $750/month
- Remodeled interior in 2016
- Former medical office layout featuring 5 offices/exam rooms, lab, and conference room
- ADA accessibility
- East side location
Overview
Located at 435 E Main Street on the east side of Lancaster, Ohio, the property offers a single-building setup with both professional space and residential income. In addition to the office space, there is a 2-bedroom apartment upstairs that is currently rented for $750 per month.
The combination of exam/office rooms, a lab room, and a reception and waiting area makes the property a practical fit for medical or office-oriented tenants seeking an established patient-facing configuration. For buyers, the added leased apartment provides built-in additional revenue potential. The seller prefers buyer use of seller financing, with terms to be negotiated.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.0k | $21.48 |
| − Vacancy | −$18.6k | −$5.39 |
| EGI | $55.4k | $16.09 |
| − OpEx | −$13.9k | −$4.02 |
| NOI | $41.6k | $12.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Fairfield
- State
- Ohio
- Longitude
- -82.594249
- Latitude
- 39.713776
