Renovated Triplex Investment
500 Eastern Avenue, New Lexington, OH 43764
MULTI_FAMILY - New Lexington, OH
Property size:
2,500 SFLot size:
0.15 AcresPrice / SF:
$118/SF- Added:
- Aug 22, 2025
- Days on Market:
- 270
- Last Refresh:
- May 18 at 11:06 am
Property Features for 500 Eastern Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Laundry Room, Basement, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 1
- Interior features
- CeilingFans
- Appliances
- Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 270003010000
- Size
- 2,500 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- WHOLE LOT 1847VANATTAS FI RST ADD SEC 09
- Tax Annual Amount
- 1238
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1991
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Metal
Listing agent Joan Elflein License #386319 (614) 989-7215
Listing office Ohio Broker Direct 2665 Spangler Road, Columbus, OH (614) 989-7215
Listing date Aug 22, 2025
MLS# 5149912
Listing URL
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated 3‑unit property (duplex and cottage) offering immediate income generation.
- All units feature new HVAC systems, modern finishes, and updated utilities (renovated two years ago).
- Strong rental history with all units continuously leased since renovation; three active leases in place.
- Individually metered for gas, water, and electric, simplifying expense management.
- Side A of duplex available end of August, providing opportunity for re‑renting or owner‑occupancy.
- Located near schools, a public park, basketball court, and swimming pool.
Overview
Located in New Lexington, Ohio, this fully renovated 3-unit property presents an income-generating opportunity. The turnkey investment features a duplex and a rear cottage-style unit, each with its own character. Renovated two years ago, all units include new HVAC systems, modern finishes, and updated utilities. All three units have been continuously leased since the renovation, and three active leases are currently in place. Side A of the duplex will become available at the end of August, presenting an opportunity to re-rent for additional income or for owner occupancy. Each unit is individually metered for gas, water, and electric, simplifying expense management. The property spans two parcels, one for the duplex and one for the cottage, offering flexibility for future development or resale. Situated near schools, a public park, basketball court, and swimming pool, this property is attractive to families and long-term tenants. The property size is 2500 square feet and the lot size is 0.15 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- New Lexington
- County
- Perry
- State
- Ohio
- Longitude
- -82.2004643
- Latitude
- 39.7122278
FAQs
What type of property is this?
Triplex - Fully renovated 3-unit property in New Lexington, Ohio.
Where is this triplex located?
The property is located at 500 Eastern Avenue New Lexington, OH.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: Fully renovated 3‑unit property (duplex and cottage) offering immediate income generation.; All units feature new HVAC systems, modern finishes, and updated utilities (renovated two years ago).; Strong rental history with all units continuously leased since renovation; three active leases in place.
