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Two-Unit Duplex with Off-Street Parking
New
For Sale
$110,000

942 Rice Avenue, Lima, OH 45805

Residential Income, Lima, OH

Property SizeContact for details
Days on Market7

Property Features for 942 Rice Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Multi-Family
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3
Parking features Off Street
Elementary school district Lima
Middle school district Lima
High school district Lima
Standard status Active
APN 36-2510-18-019.000

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1901
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Architectural style Other
Listing Agency: CCR Realtors · Real Living
Listed By: Dawn Iiames
Added: Sep 3 Last Checked: Sep 9 at 1:06AM
MLS# 311452

Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex contains two separate units, each with 2 bedrooms and 1 bathroom. One unit is positioned upstairs, while the other occupies the lower level. Built in 1901, the property features vinyl siding, natural-gas forced-air heating, off-street parking, public water, and public sewer. Tenants pay utilities other than water and trash.

The property is located at 942 Rice Avenue in Lima, Ohio, within Allen County and ZIP Code 45805. It is also identified as part of a six-house package that includes houses and three duplexes. The two-level configuration, existing parking, and stated utility arrangement define the primary physical and operating characteristics of this residential income property.

Key Highlights

  • Two units, each with 2 bedrooms and 1 bathroom
  • One upstairs unit and one downstairs unit
  • Built in 1901 with vinyl siding

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Garden Center Barber Shop Bakery Grocery & Convenience 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

Location Intelligence

Trade Area within ½ mile

950
Businesses Nearby

Demographics for 45805, OH

22,740
Population
10,560
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,558
Density / Sq Mi
$65,954
Median Household Income
$37,126
Median Earnings
$944
Median Rent
$153,700
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 - Each unit offers two bedrooms and one bathroom, with public water and sewer service.
Where is this duplex located?
The property is located at 942 Rice Avenue Lima, OH.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; One upstairs unit and one downstairs unit; Built in 1901 with vinyl siding
More about this property
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