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500 Eastern Avenue

New Lexington, OH 43764

$297,000 $1,252/Mo

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Overview

Bed

Bath

2,500

Sqft

0.15

Acre(Lot)

Description

For sale in New Lexington, Ohio: a fully renovated 3-unit property offering an exceptional income-generating opportunity. This turnkey investment includes a duplex and a charming rear cottage-style unit, each with its own distinctive character. Renovated just two years ago, all units feature brand-new HVAC systems, modern finishes, and updated utilities. With a strong rental history, all three units have been continuously leased since the renovation, and three active leases are currently in place. Side A of the duplex will become available at the end of August, presenting a perfect chance to re-rent for additional income or occupy as an owner-investor. Each unit is individually metered for gas, water, and electric, simplifying expense management. The property spans two parcels—one for the duplex and one for the cottage—offering flexibility for future development or resale. Located near schools, a public park, basketball court, and swimming pool, this property is highly attractive to families and long-term tenants. Move-in ready and poised for steady cash flow with potential for growth, this is a must-see for serious investors. Schedule a showing today!

Property Details

Property Type : Residential Income

Price : $297,000

AD Id : 66678830

MLS Id : 5149912

Beds : 6

Lot Size : 0.15 Acre

Living Area Size : 2,500

Year Built : 1991

County : Perry

Subdivision: Springfield

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Has Basement: Yes Basement: Crawl Space, Dirt Floor, Partially Finished
Roofing Information

Metal
Interior Features

Ceiling Fan(s) Roof: Metal Appliances: Dryer, Refrigerator, Washer Laundry Features: Laundry Room, In Unit Window Features: Double Pane Windows
Heating & Cooling

Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Ceiling Fan(s), Wall/Window Unit(s), Central Air

Building Information

Year Built: 1991 Construction Materials: Vinyl Siding Stories: 2 Pool Features: Community Private Pool: No

Lot Information

Main Square Feet: 0.15 Acres Lot Size Acres: 0.15 Lot Size Source: Public Records Lot Description: Back Yard, Corner Lot, Front Yard

Property Information

Subdivision: Fi Rst Add Source Property Type: Residential Income Property SubType: Triplex Levels: Two Property Age: 35

Listing Price Information

Listing Price: $297000 Original Price: $309000

Tax Information

Parcel Number: 270003010000 Tax Year: 2024 Annual Tax: $1238 Tax Legal Desc: WHOLE LOT 1847VANATTAS FI RST ADD SEC 09

Parking Information

Gravel, Kitchen Level, On Site

Location Information

Direction: Mill Street to Orchard Ave to Eastern Ave WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
211 S High Street, New Lexington, OH, 43764	$339,900	--	--	--

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 06/19/2026 @ 19:33

MLS: 5149912 LISTED BY: Joan Elflein, Ohio Broker Direct 614-989-7215 SOURCE: MLS Now