8538 Royalton Rd Lancaster, OH 43130
This exceptional investment opportunity presents a 2-unit duplex located at 8538 Royalton Road SW in Lancaster, Ohio, 43130. Built in 2013, this property boasts approximately 1300 square feet per unit, each featuring 2 bedrooms and 1 bathroom. The duplex includes a full front porch and a substantial detached 2-story garage measuring 38 feet by 48 feet, offering ample storage or potential for additional development. Currently configured as a duplex, the property is zoned for a 3-family dwelling, presenting future expansion possibilities. Each unit is independently leased, with leases extending well into 2025, generating a gross monthly rental income of $2650. Existing leases and security deposits transfer to the buyer at closing. The property sits on a large 33,541.2 square foot lot and utilizes a private well and septic system. Seller is responsible for trash removal
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.