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Active
  • $297,000

    500 Eastern Ave, New Lexington, OH 43764

    6beds
    2,500sqft
    : 
    $2,029/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 1991
    -- sqft lot
    $-- Zestimate®
    $119/sqft
    $-- HOA

    What's special

    Modern finishesUpdated utilitiesMove-in readyBrand-new hvac systems
    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!
    338 days
    |
    133
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Joan Elflein 614-989-7215 joan@ohiobrokerdirect.com,

    Ohio Broker Direct

    Source: MLS Now,MLS#: 5149912MLS LogoOriginating MLS: Stark Trumbull Area REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Gas
      Cooling
      • Central Air, Wall/Window Unit(s)
      Appliances
      • Included: Dryer, Refrigerator, Washer
      • Laundry: Laundry Room, In Unit
      Features
      • Ceiling Fan(s)
      • Windows: Double Pane Windows
      • Basement: Crawl Space,Dirt Floor,Partially Finished
      Interior area
      • Total structure area: 2,500
      • Total interior livable area: 2,500 sqft
      • Finished area above ground: 2,500
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel, Kitchen Level, On Site
      Features
      • Levels: Two
      • Stories: 2
      • Pool features: Community
      • Fencing: None
      Lot
      • Size: 6,534 Square Feet
      • Features: Back Yard, Corner Lot, Front Yard
      Details
      • Parcel number: 270003010000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Vinyl Siding
      • Roof: Metal
      Condition
      • Updated/Remodeled
      • Year built: 1991

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Playground, Park, Pool
      • Subdivision: Fi Rst Add
      Location
      • Region: New Lexington

      Financial & listing details

      • Price per square foot: $119/sqft
      • Tax assessed value: $213,650
      • Annual tax amount: $1,238
      • Date on market: 8/22/2025
      • Cumulative days on market: 300 days
      • Tenant pays: Electricity, Gas, Water

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        11/14/2025Listed for sale$297,000$119/sqft
        Source: MLS Now #5149912 Report a problem
        11/10/2025Contingent$297,000$119/sqft
        Source: MLS Now #5149912 Report a problem
        9/13/2025Price change$297,000-3.9%$119/sqft
        Source: MLS Now #5149912 Report a problem
        8/22/2025Listed for sale$309,000+341.4%$124/sqft
        Source: MLS Now #5149912 Report a problem
        3/30/2023Sold$70,000-17.2%$28/sqft
        Source: Columbus and Central Ohio Regional MLS #223002931 Report a problem
        2/18/2023Contingent$84,500$34/sqft
        Source: Columbus and Central Ohio Regional MLS #223002931 Report a problem
        2/4/2023Listed for sale$84,500$34/sqft
        Source: Columbus and Central Ohio Regional MLS #223002931 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,040 +169.3%$74,780 +172.5%
        2024$1,871 $27,440
        2023$1,871 -6.7%$27,440 -14.9%
        2022$2,007 $32,260
        2021$2,007 $32,260
        2020-- $32,260 +11.5%
        2019$1,162 $28,920
        2018$1,162 +1.2%$28,920
        2017$1,148 -10.4%$28,920 -8.4%
        2016$1,281 $31,580
        2015$1,281 +6.4%$31,580
        2014$1,204 -62.7%$31,580
        2013$3,231 $31,580
        2012$3,231 +177.9%$31,580 +3.9%
        2010$1,163 +0.1%$30,400
        2009$1,162 $30,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 43764

        Getting around

        44 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: New Lexington CSD - 6402

        Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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