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Nathan Stallard
REALTOR®
(330) 421-4827
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500 Eastern Avenue, New Lexington, OH 43764

$297,000
  • 500 Eastern Avenue, New Lexington, OH 43764 Main Photo
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Active
BEDS6 BATHS3 full SQUARE FEET2,500 MLS#5149912
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFi Rst Add SCHOOLNew Lexington City

Property Description

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!

500 Eastern Avenue | MLS# 5149912

This multi-family property located at 500 Eastern Avenue, New Lexington, OH 43764 is currently listed for sale with an asking price of $297,000. Eastern Avenue is located within the New Lexington City school district. Search New Lexington real estate on nstallard.mcrealestateohio.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space, Dirt Floor, Partially Finished
Basement: Yes
Cooling: Central Air, Wall/Window Unit(s)
Heating: Gas
Lot Size: 0.15 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $1,238 / year
Year Built: 1991

Amenities

Ceiling Fan(s)

Feature Descriptions

Appliances: Dryer, Refrigerator, Washer
Community Features: Playground, Park, Pool
Days on Site: 224
Exterior: Vinyl Siding
Fencing: None
Laundry: Laundry Room, In Unit
Lot: Back Yard, Corner Lot, Front Yard
Parcel#: 270003010000
Parking: Gravel, Kitchen Level, On Site
Pool: Community
Sewer: Public Sewer
Swimming Pool: Yes
Water: Public
Window: Double Pane Windows

Local Schools

School District: New Lexington City

Listed By / Shown By

Listed By

Agency Name: Ohio Broker Direct
Agency Contact: 614-989-7215, joan@ohiobrokerdirect.com

Shown By

Agent Name: Nathan Stallard
Agent Phone: (330) 421-4827
Agency Title: M.C. Real Estate

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Estimated Payment

$ 850.78 per month $660.99 Principal & Interest $103.17 Property Tax $86.63 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/03/2026. The listing information on this page last changed on 04/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/03/2026 1:48:35 AM EST) or MLS NOW (last updated Fri 04/03/2026 12:17:39 AM EST). Real estate listings held by brokerage firms other than M.C. Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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