New Ranch-Style
626 North Broad Street Lancaster, OH 43130
626 North Broad Street, Lancaster, OH, 43130
$469,900
For Sale
$469,900
Newly constructed ranch duplex with in-unit laundry and new appliances in both units.
Property Size2,390 SF
Price / SF$196.61
Days on Market94
Property Features for 626 North Broad Street
General Information
- Standard status
- Active
- Size
- 2,390 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 2025
Listing agency
Howard Hanna Real Estate Svcs
(614) 206-4675
Listed by
Kelly Abbott · License #2007003182
(614) 206-4675
Source
Compass
Added: Apr 21 Updated: Jul 22 at 10:52PM Checked: Jul 22 at 10:52PM
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 Howard Hanna Real Estate Svcs
Investment Insights
Based on property information with market context.
This newly constructed ranch-style duplex features two separate residential units. Unit A includes 2 bedrooms with walk-in closets and 2 full bathrooms, along with an open living room, a well-appointed kitchen, and a dedicated in-unit laundry room. Unit B offers 3 bedrooms and 2 full bathrooms, including a primary suite with a walk-in closet, plus a kitchen, a dedicated laundry room, and a comfortable living area.
Brand new appliances and washer/dryer sets have just been installed in both units. The property also provides ample off-street and on-street parking for residents and guests.
Both units are laid out on a single level, supporting straightforward day-to-day living within each unit’s private interior spaces.
Brand new appliances and washer/dryer sets have just been installed in both units. The property also provides ample off-street and on-street parking for residents and guests.
Both units are laid out on a single level, supporting straightforward day-to-day living within each unit’s private interior spaces.
Key Highlights
- Newly constructed ranch‑style duplex built in 2025 with central air and forced‑air heating.
- Unit A: 2 bedrooms, 2 full bathrooms, walk‑in closets in each bedroom, and 1,237 SF of living space.
- Unit A includes an in‑unit laundry room and kitchen with brand new appliances plus new washer/dryer sets.
Local Financial Insights For Multifamily LT 5
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 | $35.9k | $15.00 |
| − Vacancy | −$2.6k | −$1.07 |
| EGI | $33.3k | $13.93 |
| − OpEx | −$10.0k | −$4.18 |
| NOI | $23.3k | $9.75 |
2,390 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.0K
$291.4K – $388.5K
NOI $23,308 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$302.2K
$264.5K – $352.6K
NOI $21,157 @ 7.0% cap · market cap 4.50%
Theoretical Best
Warehouse
$481.7K
$421.5K – $562.0K
NOI $33,720 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newly constructed ranch duplex with in-unit laundry and new appliances in both units.
Where is this duplex located?
The property is located at 626 North Broad Street Lancaster, OH.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Newly constructed ranch‑style duplex built in 2025 with central air and forced‑air heating.; Unit A: 2 bedrooms, 2 full bathrooms, walk‑in closets in each bedroom, and 1,237 SF of living space.; Unit A includes an in‑unit laundry room and kitchen with brand new appliances plus new washer/dryer sets.
