Active

705 Elm

Lima, OH 45801

$148,000

MLS #310281

Bedrooms

Bathrooms

Type

Multi-Family

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

Purchase priceDown payment — 25% ($37,000)

Interest rate

Loan term

Property tax

%/yr

Insurance

HOA / fees

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.