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Two-Unit Duplex Property
For Sale
$139,000

504 S Shawnee St, Lima, OH 45804

Corner-lot duplex with a separate efficiency unit near Lima Memorial Hospital.

Property SizeContact for details
Days on Market208

Property Features for 504 S Shawnee St

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 1 x 2BR, 1 x efficiency
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,000
Listing Agency: Superior Plus Realtors
Listed By: Tim Stanford · License #BRKP.0000331263-OHIO
Source: Exprealty
Added: Jan 26 Changed: Aug 20 Last Checked: Aug 22 at 11:02AM

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 Superior Plus Realtors

Investment Insights

Based on property information with market context.

This duplex property at 504 S Shawnee St in Lima, Ohio, includes a two-bedroom main residence and a separate efficiency unit. The primary home measures 1,132 square feet, while the additional living space measures 320 square feet, creating two distinct residential units on one corner lot.

Lima Memorial Hospital is within easy walking distance, placing the property near a significant local employment center. The configuration supports either owner occupancy of one residence with the second rented separately or leasing both units as an income-producing property.

Key Highlights

  • Two distinct residential units on a corner lot
  • 1,132‑square‑foot, two‑bedroom main residence
  • Separate 320‑square‑foot efficiency unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Nail Salon Hair Salon Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

635
Businesses Nearby

Demographics for 45804, OH

14,573
Population
7,108
Households
2.1
Avg Household Size
39
Median Age
11%
College-Educated
87%
High-School Grad
21.2 sq mi
ZIP Area
687
Density / Sq Mi
$42,594
Median Household Income
$33,438
Median Earnings
$888
Median Rent
$96,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Corner-lot duplex with a separate efficiency unit near Lima Memorial Hospital.
Where is this duplex located?
The property is located at 504 S Shawnee St Lima, OH.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two distinct residential units on a corner lot; 1,132‑square‑foot, two‑bedroom main residence; Separate 320‑square‑foot efficiency unit
More about this property
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