500 Eastern Ave, New Lexington, OH, 43764
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
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Inland Flooding
- Ice Storm
- Hail
- Heat Wave
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,501 | $18,012 |
| Home Insurance * | $178 | $2,136 |
| Property Taxes | $215 | $2,580 |
| Electricity | $268 | $3,217 |
| Total | $2,162 | $25,944 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-14 | Listed for sale | $297,000 |
| 2025-11-10 | Contingent | $297,000 |
| 2025-09-13 | Price change | $297,000 |
| 2025-08-22 | Listed for sale | $309,000 |
| 2023-03-30 | Sold | $70,000 |
| 2023-02-18 | Contingent | $84,500 |
| 2023-02-04 | Listed for sale | $84,500 |
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