Lancaster, OH Residential Income Properties for Sale

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Found 18 residential income properties for sale in Lancaster, OH, averaging $103/sq ft. Use valuation data to compare deals faster.

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Updated: Feb 20

Rebuilt Duplex with Modern Amenities

308-310 Reber Avenue, Lancaster, OH 43130

$298,500

2,232 sqft

Complete renovation down to the foundation with new electric, plumbing, insulation, drywall, windows, siding, and roof.
Two separate units offering potential for rental income or multi‑generational living.
Off‑street parking for both units.
Unit 308 features 1600 sq. ft., 3 bedrooms (including a finished 3rd floor), and 1.5 baths.
First‑floor laundry in both units.

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308-310 Reber Avenue, Lancaster, OH 43130

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Est. Cap Rate

7.3%
Above avg (5.9%)
Est. NOI

$22K
Annual
Price @ 7% Cap

$311K
Above asking

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Updated: Jun 12

Three-Unit Property with Bungalow

143 Union Street, Lancaster, OH 43130

$275,000

0.22 AC lot

Three separate units across more than 3,200 square feet of total living space
2,716‑square‑foot main home configured as two residential units
Separate 540‑square‑foot bungalow with kitchen, living room, and bedroom
Main residence includes a fireplace and hardwood flooring
0.22‑acre lot in Lancaster, Ohio

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Updated Duplex with 2-Car Garage

604-606 North Roosevelt Avenue, Lancaster, OH 43130

$189,888

2,145 sqft

Two-unit duplex with a full basement and 2-car garage, featuring 2026 upgrades and a move-in-ready vacant unit.

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Well-Maintained Four-Unit Quadplex

1708 Graylock Street, Lancaster, OH 43130

$400,000

3,600 sqft

Each unit includes in-unit washer and dryer, with tenants paying separately metered electric and water.

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New Ranch-Style Duplex

626 North Broad Street, Lancaster, OH 43130

$369,900

2,390 sqft

Newly constructed ranch duplex with in-unit laundry and new appliances in both units.

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Renovation-Needed Duplex

330 Park Street, Lancaster, OH 43130

$165,000

1,776 sqft

Two-unit duplex requires significant renovation to realize projected gross rental income of about $2,000+ per month.

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Two Houses, Great Investment Opportunity

859 E Mulberry Street, Lancaster, OH 43130

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2,448 sqft

Two meticulously maintained homes, ideal for investors or multi-generational living.

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Mixed-Use Bar and Rental Property

601 E Main Street, Lancaster, OH 43130

$699,900

7,294 sqft

Combined hospitality and residential income property with an included liquor license and multiple parcels sold together.

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Two-Story Mixed-Use Property

922 E Main St, Lancaster, OH 43130

$199,900

Office space, three apartments, and rear parking create a combined commercial and residential configuration.

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Three-Unit Multifamily Property