402-404 East Lawn Avenue, Urbana, Ohio image 1
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402-404 East Lawn Avenue

Urbana, OH 43078
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$199,900 $842/Mo
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Bed --

Bed

Bath 0

Bath

Acres0.10

Acre(Lot)

First time on the market in many years, this well-maintained double located on the corner of East Lawn Avenue and East Ward Street in Urbana. This property has been a well-kept part of the neighborhood for many years, and if you've driven by and admired its appearance, now is your opportunity to own it. Both units are currently occupied by long term tenants, making this a great opportunity for an investor looking to add a solid property to their rental portfolio or for someone looking to start building their investment portfolio. Each unit offers 2 bedrooms and 1 bathroom, providing a comfortable and practical layout for tenants. Both units also feature washer and dryer hookups, while the existing appliances belong to the tenants. The property is heated by gas and does not have central air conditioning. Tenants are responsible for their own electric and gas, while the owner pays the water and sewer, which averages approximately $60-$80 per month. There are 2 off Street parking spaces. Several important updates have already been completed, helping provide peace of mind for the next owner. The metal roof was replaced in 2018, the water heater in Unit 402 was replaced in 2023 and a new water/sewer line was installed from the curb in 2024. The property has been cared for over the years and offers the benefit of having both units occupied. The tenants have also demonstrated long term stability, with the tenant in Unit 402 having been there for approximately 5 years and the tenant in Unit 404 for approximately 6 years. Current rents have not been increased since the tenants moved in and are considered to be on the low side for the community, offering a potential opportunity for future rental income growth for the new owner. Whether you're an experienced investor looking to expand your rental holdings or someone ready to take the first step into real estate investing, this 2-unit apartment offers an excellent opportunity.

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Detail Ic Property Details

Property Type : Residential Income

Price : $199,900

AD Id : 91048820

MLS Id : 226033906

Lot Size : 0.10 Acre

Tax Amount : 1140.64

Year Built : 1950

County : Champaign

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas

  • Building Information

    Year Built: 1950 Construction Materials: Vinyl Siding Private Pool: No

  • Lot Information

    Main Square Feet: 0.1 Lot Size Acres: 0.1 Lot Size Square Feet: 4356

  • Listing Price Information

    Listing Price: $199900 Conventional

  • Tax Information

    Parcel Number: K48-25-00-03-13-027-00 Tax Year: 2025 Annual Tax: $1140.64

  • Utility Information

    Natural Gas Available, Water Available, Sewer Available, Electricity Available

  • Location Information

    WaterSource: Public
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Nearby Home Value

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The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus REALTORS®. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information deemed reliable but not guaranteed. Copyright © 2026 Columbus REALTORS®. All rights reserved.

ByOwner last updated this listing 09/14/2026 @ 21:15

MLS: 226033906 LISTED BY: V. Patrick Hamilton, REMAX Alliance Realty 937-652-1100 SOURCE: Columbus and Central Ohio Regional MLS

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