LV5 Real Estate Team
Real Estate Team
at Hartsock Realty · Ohio
Closed

1535-1537 Lakewood

Lima, OH 45805

$275,000

MLS #304586

Bedrooms
5
Bathrooms
3
Type
Multi-Family
Year Built
1911

About this home

This charming two-family home in a prime location offers the perfect opportunity to live comfortably and invest smartly. Leverage conventional financing to occupy one unit while renting the other, creating income or a financial safety net. Both units are flexible for short and long-term rentals. The meticulously maintained property features a low-maintenance concrete exterior, a spacious concrete front porch, and a secure concrete garage with an additional covered porch area. Mature trees and a backyard backing onto Faurot Park provide tranquility and privacy, with easy access to park amenities. Upper Unit (1535 Lakewood): An inviting landing area leads into an expansive living room. Relax or entertain on your private screened and covered deck. The modern kitchen with essential appliances flows into three spacious bedrooms. Two full baths offer convenience for everyone. Lower Unit (1537 Lakewood): This unit boasts an inviting living room, perfect for entertaining, and a formal dining room with an elegant bow window. The functional kitchen is equipped with all the necessities. Two well-sized bedrooms and a full bath complete this comfortable living space. Both units feature refinished hardwood floors and replacement windows, ensuring comfort and energy efficiency. Don't miss this chance to own prime real estate!

Property details

Listed
5/21/2026
Listing office
Superior Plus Realtors
Listing agent
Tim Stanford
ZIP
45805
Status
Closed

Investment property loan estimator

Estimated monthly

$1,949

per month, all-in

Principal & interest
$1,407
Property tax
$367
Insurance
$175
Loan amount: $206,250 · Down: $68,750

2–4 unit investment properties typically require 20–25% down for non-owner-occupied financing. Owner-occupied house-hacking (live in one unit) may qualify for 3.5–5% down with FHA/conventional. Estimates only.

Location & walkability

Neighborhood walkability coming soon

We're enabling Walk Score® on every listing. In the meantime, the map shows the exact location. Call (419) 302-3940 for detailed neighborhood insight.

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