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Property view

402-404 East Lawn Avenue, 
Urbana, OH 43078

$199,900


4

Beds


2

Baths


1,440

Sq Ft


Multi-Family

Pending

Listed by

V. Patrick Hamilton

RE/MAX Alliance Realty

937-652-1100

Last updated:

September 17, 2026, 12:15 AM

MLS#

1048221

Source:

OH WRIST

About This Home

402-404 East Lawn Avenue

First time on the market in many years, this well maintained double located on the corner of East Lawn Avenue and East Ward Street in Urbana. This property has been a well kept part of the neighborhood for many years, and if you've driven by and admired its appearance, now is your opportunity to own it. Both units are currently occupied by long term tenants, making this a great opportunity for an investor looking to add a solid property to their rental portfolio or for someone looking to start building their investment portfolio. Each unit offers 2 bedrooms and 1 bathroom, providing a comfortable and practical layout for tenants. Both units also feature washer and dryer hookups, while the existing appliances belong to the tenants. The property is heated by gas and does not have central air conditioning. Tenants are responsible for their own electric and gas, while the owner pays the water and sewer, which averages approximately $60-$80 per month. There are 2 off Street parking spaces. Several important updates have already been completed, helping provide peace of mind for the next owner. The metal roof was replaced in 2018, the water heater in Unit 402 was replaced in 2023 and a new water/sewer line was installed from the curb in 2024. The property has been cared for over the years and offers the benefit of having both units occupied. The tenants have also demonstrated long term stability, with the tenant in Unit 402 having been there for approximately 5 years and the tenant in Unit 404 for approximately 6 years. Current rents have not been increased since the tenants moved in and are considered to be on the low side for the community, offering a potential opportunity for future rental income growth for the new owner. Whether you're an experienced investor looking to expand your rental holdings or someone ready to take the first step into real estate investing, this 2 unit apartment offers an excellent opportunity.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1950

Price Summary

199,900

$138 per Sq. Ft.

MLS #:

1048221

Last Updated:

September 17, 2026, 12:15 AM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,440 Sq. Ft.


Structure

Structure

Building Area:

1,440 Sq. Ft.

Year Built:

1950


Finances & Disclosures

Finances

Price:

$199,900

Price per Sq. Ft:

$138 per Sq. Ft.

Source:OH WRIST
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.