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500 Eastern Ave, New Lexington, OH, 43764

6beds
3baths
2,500sqft
$297,000
$119price/sqft
$2,162/moest. monthly cost
$86,480/yrincome needed

About This Home

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!

Getting Around

44
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

6/10
5/10
New Lexington High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1991

Materials

  • Roof: Metal
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex,Multi Family

Interior

Appliances

  • Appliances included: Dryer,Refrigerator,Washer
  • Laundry features: Laundry Room,In Unit

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Dirt Floor,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Ceiling Fan(s)
  • Window features: Double Pane Windows
  • Finished area above ground: 2,500

Heating & Cooling

  • Heating features: Gas
  • Cooling features: Central Air,Wall/Window Unit(s)

Interior Area

  • Total structure area: 2,500
  • Total interior livable area: 2,500 sqft

Property

Details

  • Parcel number: 270003010000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Community
  • Fencing: None

Lot

  • Lot size: 6,534 sqft
  • Features: Back Yard,Corner Lot,Front Yard

Parking

  • Parking features: Gravel,Kitchen Level,On Site