330 Park StreetLancaster, OH 43130

330 Park StreetLancaster, OH 43130

1/2 Fullscreen
$188,000 Active
Multi Unit - Multiple MLS 226001129

Listed By

Agency Name: BARTLETT BENNER REALTY
Agency Phone: 740-654-1500
Agent Name: Keith Dwyer

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

If you've been waiting on a real value-add opportunity in Lancaster, this is one worth your attention.This duplex sits in a location tenants consistently want ??? close to shopping, schools, restaurants, and main travel routes ??? which is exactly what protects long-term occupancy and rent growth. The bones are there. The location is right. What it needs now is the work.This property does require significant renovation, but that's where the margin lives. With proper rehab, the projected gross rental income is approximately $2,000+ per month, making this an excellent repositioning play for investors who understand how to create equity and lock in strong cash flow.Two units under one roof means:Diversified incomeLower vacancy riskSimpler managementBetter long-term appreciationThis is not a turnkey property ??? and it's not priced like one. It's a chance to step into Lancaster, improve the asset, and build real equity the way rental portfolios were built long before over-priced flips became the norm.Buy it right. Renovate it smart. Let it perform.

330 Park Street | MLS# 226001129

This multi-family property located at 330 Park Street, Lancaster, OH 43130 is currently listed for sale with an asking price of $188,000. Park Street is located within the LANCASTER CITY school district. Search Lancaster real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Days on Market: 57
Lot Size: 0.14 Acres
Taxes: $2,201
Year Built: 1900

Feature Descriptions

Parcel #: 05-32080-100

Local Schools

School District: LANCASTER CITY

Demographics

Fairfield County Demographic Information for 330 Park Street, Lancaster, OH 43130
Fips
Fips Code 39045
Population
2020 to 2023 Change up 4.1%
2010 Count 146,156
2020 Count 158,921
2023 Estimate (V2023) 165,360
2020 Estimate (V2023) 158,908
Age Distribution (Years Old)
0 to 4 5.7%
5 to 17 23.6%
18 to 64 53.9%
65 and Older 16.8%
Gender
Male 50.0%
Female 50.0%
Place of Birth
Foreign 4.1%
US 95.9%
Education
High School Graduate, Age 25+ 93.9%
Bachelor's Degree or Higher, Age 25+ 31.1%
Computer and Internet use
Households with a computer 94.5%
Households with a broadband Internet subscription 89.2%
Language
English is Second Language, Age 5+ 5.0%
English is First Language, Age 5+ 95.0%
Veterans
Veterans 9,179
Income
Per Capita Income $38,783
Median Household Income $82,969
People in Poverty 8.8%
Commute
Average Work Commute Time 28 minutes
Housing
Total Housing Units 64,207
Households 58,723
Average Household Size 2.66
Owner-Occupied 74.9%
Multi-Family 15.4%
Owner-Occupied Median Value $247,800
Median selected monthly owner costs -with a mortgage $1,599
Median selected monthly owner costs -without a mortgage $613
Median gross rent $1,042
Building Permits
New Private Housing Issued 2023 439
Years at Residence
1 Year or More 88.7%
Less Than 1 Year 11.3%
Business and Employment
Private non-farm Establishments 2,737
Private non-farm Employment 35,677
Private non-farm Employment Growth down 1.0%
Nonemployer Establishments 12,265
Number of Firms 11,556
Business Production
Value of Shipments $1,121,644,000
Wholesale Trade $0
Retail Trade $1,966,556,000
Retail Sales Per Capita $11,384
Accommodation and Food Services $252,325,000
Land
Land Area 504.41 sq. miles
Population Per Square Mile 290

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,155.50 per month $917.25 Principal & Interest $183.42 Property Tax $54.83 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage