705 Elm Street, Lima, Ohio

$148,000
5 Bedrooms
Bedrooms
2 Bathrooms
Bathrooms
2,711
Square Feet
Property Description

Investor opportunity in Lima — this duplex offers solid income potential and plenty of space for tenants. The lower unit features approximately 1,496 sq. ft. with 3 bedrooms and 1 full bath. Inside, you’ll find a spacious layout, hardwood flooring, an updated bathroom, central air, and gas forced-air heat. Washer and dryer hookups are located in the basement. The downstairs unit currently rents for $1,000 per month. The upper unit, located at 705 1/2 W. Elm St., offers approximately 1,177 sq. ft. with 2 bedrooms and 1 full bath. This unit includes large living spaces, an updated bathroom, washer and dryer hookups near the kitchen area, and electric baseboard heat. The upstairs unit currently rents for $800 per month. Additional features include separate electric panels for each unit, rear parking access for tenants, a newer roof and gutters installed in 2020, and many replacement windows completed in 2019. A great opportunity to expand your investment portfolio with a property that already has strong rental income potential

Basic Details
  • Status
    Active
  • Property Type
    Residential Income
  • Listing Type
    For Sale
  • Listing ID
    310281
  • Price
    $148,000
  • Bedrooms
    5
  • Baths Total
    2
  • Bathrooms
    2
  • Square Footage
    2,711 Sqft
  • Year Built
    1920
  • Location
    United States, Ohio, Allen, Lima
  • Property Sub Type
    Multi Family
  • School District
    Lima
Features
  • Heating System
    Forced Air, Electric
  • Cooling System
    Central Air
  • Basement
    Block
  • Parking
    No
  • Foundation
    Other
Appliances
No data
Address Map
  • Street
    Elm
  • Street Number
    705
  • Street Suffix
    Street
  • Postal Code
    45801
  • Longitude
    W85° 52' 58.3''
  • Latitude
    N40° 44' 13.4''
  • Street Dir Prefix
    W
Neighborhood
No data
Additional Information
  • Office Name
    Oakridge Realty & Auction Co.
  • Agent Name
    Lindsay Miller
  • Building Style
    2 Story
  • RATIO Current Price By SQFT
    $55
  • List Agent MLSID
    114_36
  • Listing Member Phone
    (419) 722-4554
  • Listing Office Phone
    (419) 991-2020
  • Agent ID
    20221025190722343666000000
705 Elm Street, Lima, Ohio
705 Elm Street, Lima, Ohio
705 Elm Street, Lima, Ohio
705 Elm Street, Lima, Ohio
705 Elm Street, Lima, Ohio
705 Elm Street, Lima, Ohio
705 Elm Street, Lima, Ohio
Map
Listing information © 2026 West Central Association of Realtors MLS
Listing provided by Lindsay Miller of Oakridge Realty & Auction Co. : (419) 722-4554.
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