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    734 W Lake Ave New Carlisle, OH 45344

    For Sale
    $350,000

    Strong-performing, fully occupied 4-unit building with leases in place.

    Property size:
    3,428 SF
    Lot size:
    0.33 Acres

    Property Features for 734 W Lake Ave

    General Information

    Size
    3,428 SF
    Lot size
    0.33 Acres

    Building Details

    Year built
    1970

    Source: Keller Williams Home Town Realty Agent Erin Norton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied 4-Unit Investment Property

    This is a strong-performing 4-unit building, fully occupied with signed leases in place. Each unit is approximately 857 sq ft and offers 2 bedrooms, 1 bath, living room, kitchen and laundry—all on one level, appealing to long-term tenants and reducing turnover. The property has 100% occupancy with leases in place, consistent rental income and tenant demand. Off-street parking is available, and all units have patios with privacy fences. Recent updates include a remodeled unit at 734, new vinyl plank flooring in unit 736, a driveway replacement 3 years ago, two new attic exhaust fans planned for 2025, and three central air units installed in 2024. The property size is 3428 sq ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Carlisle
    County
    Clark
    State
    Ohio
    Longitude
    -84.0340814
    Latitude
    39.9428312

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    FAQs

    What type of property is this?
    Quadplex - Strong-performing, fully occupied 4-unit building with leases in place.
    Where is this quadplex located?
    The property is located at 734 W Lake Ave New Carlisle, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Fully occupied 4-unit building with signed leases, ensuring immediate rental income.; - Consistent rental income and high tenant demand, indicating a stable investment.; - Each unit features 2 bedrooms, 1 bath, living room, kitchen, and laundry on one level, appealing to tenants.
    (937) 426-7070
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    734 W Lake Ave New Carlisle, OH 45344
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