500 Eastern Avenue, New Lexington, OH 43764

$292,500
6
BD
3
BA
2,500
SqFt

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Sold Price
$292,500
List Price
$297,000
Status
CLOSED
Stories
2
MLS#
5149912
Year Built
1991
Closing Date
Sep 10, 2026
Bedrooms
6
Bathrooms
3
Living Area
2,500
Region
Pike Twp
Township
Pike Twp
Subdivision / Building
Fi Rst Add

Property 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!

Additional Information

Taxes
$1,238
Acres
0.15
Sewer
Public Sewer
Roof
Metal
Water
Public
Heating
Gas
Cooling
Central Air, Wall/Window Unit(s)
School District
New Lexington CSD - 6402

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Listing Courtesy of: Joan Elflein, sold@ohiobrokerdirect.com With Ohio Broker Direct

Selling Office: Non-Member.

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