Multi-Family & Investment Properties in Lima, OH

Lima has one of the strongest cash-on-cash rental markets in Ohio — entry-priced 2–4 unit buildings still pencil at meaningful returns when the rest of the Midwest is closer to break-even. The LV5 Real Estate Team owns rental property in Allen County, so when we underwrite a deal for you, the rent comps, vacancy assumptions, and capex reserves come from people actively writing the same checks.

For first-time house hackers, an FHA or conventional 5%-down loan on a 2–4 unit you live in is one of the fastest paths to owning income property — and Lima's price points make it realistic on a starting salary. For experienced investors, we underwrite DSCR loans, portfolio refinances, and BRRRR exits with local lenders who understand Lima rental rates and don't cap you at four properties.

We also vet property managers, contractors, and turnover crews. LV5 Real Estate Team can hand you a stabilized rental ready to cash flow on day one, or a value-add fixer if that's your strategy. Browse current inventory below, then call us — we'll send the rent comps, expense numbers, and our underwriting before you spend a Saturday driving by.