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500 Eastern Avenue, 
New Lexington, OH 43764

$297,000


6

Beds


3

Baths


2,500

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Joan Elflein

Tana Lantry

Ohio Broker Direct

614-989-7215

Last updated:

November 4, 2025, 03:20 PM

MLS#

5149912

Source:

OH NORMLS

About This Home

500 Eastern Avenue

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!

Home Facts

Multi-Family

3 Baths

6 Bedrooms

Built in 1991

Price Summary

297,000

$118 per Sq. Ft.

MLS #:

5149912

Last Updated:

November 4, 2025, 03:20 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,500 Sq. Ft.


Structure

Structure

Building Area:

2,500 Sq. Ft.

Year Built:

1991


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$297,000

Price per Sq. Ft:

$118 per Sq. Ft.

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