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Two-Unit Residential Income Property
For Sale
$87,900

604 W Wheeling St, Lancaster, OH 43130

Duplex with two-bedroom upper unit and one-bedroom lower unit, including newer roof, furnace, and hot water tank.

Property Size1,479 SF
Price / SF$59.43
Days on Market51

Property Features for 604 W Wheeling St

General Information

Standard status Active
Size 1,479 SF
Property subtype Multi-Family

Additional Details

Fenced Yard Yes
Multifamily Units 2

Building Details

Year Built 1900
Listing Agency: Larry Stefanitsis, Red 1 Realty
Listed By: The Daniel Team
Source: Newdirectionsrealtyltd
Added: Jul 20 Changed: Sep 8 Last Checked: Aug 26 at 12:48PM

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 Larry Stefanitsis, Red 1 Realty

Investment Insights

Based on property information with market context.

This two-unit duplex includes an upper unit with two bedrooms and one bath and a lower unit with one bedroom and one bath. Mechanical updates include a newer roof, furnace, and hot water tank. The property also offers off-street parking and a fenced yard.

The sale provides an opportunity for an owner-occupant or investor to configure the layout to fit their plans, including options to live in the upper unit while renting the lower unit.

Off-street parking and a fenced yard support day-to-day usability for residents, while the updated roof, heating, and hot water systems help reduce near-term mechanical concerns.

Key Highlights

  • Duplex with two‑bedroom, one‑bath upper unit and one‑bedroom, one‑bath lower unit
  • Mechanical updates include a newer roof, furnace, and hot water tank
  • Includes off‑street parking and a fenced yard

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Bakery (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store

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
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

597
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Duplex with two-bedroom upper unit and one-bedroom lower unit, including newer roof, furnace, and hot water tank.
Where is this duplex located?
The property is located at 604 W Wheeling St Lancaster, OH.
What is the asking price?
The asking price for this property is $87,900.
What are key features of this property?
This property features: Duplex with two‑bedroom, one‑bath upper unit and one‑bedroom, one‑bath lower unit; Mechanical updates include a newer roof, furnace, and hot water tank; Includes off‑street parking and a fenced yard
More about this property
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