705 Elm
Lima, OH 45801
MLS #310281
About this home
Investor opportunity in Lima -- this duplex offers solid income potential and plenty of space for tenants. The lower unit features approximately 1,496 sq. ft. with 3 bedrooms and 1 full bath. Inside, you'll find a spacious layout, hardwood flooring, an updated bathroom, central air, and gas forced-air heat. Washer and dryer hookups are located in the basement. The downstairs unit currently rents for $1,000 per month. The upper unit, located at 705 1/2 W. Elm St., offers approximately 1,177 sq. ft. with 2 bedrooms and 1 full bath. This unit includes large living spaces, an updated bathroom, washer and dryer hookups near the kitchen area, and electric baseboard heat. The upstairs unit currently rents for $800 per month. Additional features include separate electric panels for each unit, rear parking access for tenants, a newer roof and gutters installed in 2020, and many replacement windows completed in 2019. A great opportunity to expand your investment portfolio with a property that already has strong rental income potential
Property details
- Listed
- 5/21/2026
- Listing office
- Oakridge Realty & Auction Co.
- Listing agent
- Lindsay Miller
- ZIP
- 45801
- Status
- Active
Investment property loan estimator
Estimated monthly
$1,130
per month, all-in
- Principal & interest
- $757
- Property tax
- $197
- Insurance
- $175
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
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