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
For sale
$148,000
705 W Elm St, Lima, OH 45801
5beds
2,711sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$55/sqft
$-- HOA
What's special
Updated bathroomLarge living spacesSpacious layoutWasher and dryer hookupsGas forced-air heatCentral airHardwood flooring
- 53 days |
- 269 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Lindsay Miller 419-722-4554,
Oakridge Realty & Auction Co.
Source: WCAR OH,MLS#: 310281
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Electric
Cooling
- Central Air
Features
- Basement: Block
Interior area
- Total structure area: 2,711
- Total interior livable area: 2,711 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Levels: Two
Details
- Parcel number: 36360907003.000
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Other
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lima
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $71,900
- Annual tax amount: $947
- Date on market: 5/18/2026
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,435/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $148,000$55/sqft |
Source:  WCAR OH #310281 Report a problem | ||
| 5/16/2026 | Listing removed | $148,000$55/sqft |
Source: WCAR OH #308752 Report a problem | ||
| 11/4/2025 | Listed for sale | $148,000+74.1%$55/sqft |
Source: WCAR OH #308752 Report a problem | ||
| 4/9/2021 | Sold | $85,000+21.4%$31/sqft |
Source: WCAR OH #204271 Report a problem | ||
| 4/2/2021 | Pending sale | $70,000$26/sqft |
Source:  WCAR OH #204271 Report a problem | ||
| 3/28/2021 | Contingent | $70,000$26/sqft |
Source: WCAR OH #204271 Report a problem | ||
| 3/28/2021 | Pending sale | $70,000$26/sqft |
Source: WCAR OH #204271 Report a problem | ||
| 3/24/2021 | Listed for sale | $70,000+418.5%$26/sqft |
Source: WCAR OH #204271 Report a problem | ||
| 12/16/2008 | Sold | $13,500-16.7%$5/sqft |
Source: Public Record Report a problem | ||
| 3/10/1995 | Sold | $16,197$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $947 -7.7% | $25,170 +5% |
| 2023 | $1,026 -0.5% | $23,980 |
| 2022 | $1,031 -5.7% | $23,980 |
| 2021 | $1,094 -43.8% | $23,980 +54.6% |
| 2020 | $1,945 +138.3% | $15,510 |
| 2019 | $816 -3.7% | $15,510 |
| 2018 | $848 +3.5% | $15,510 |
| 2017 | $819 -1.3% | $15,510 |
| 2016 | $830 -2% | $15,510 |
| 2015 | $847 +10.7% | $15,510 +11% |
| 2014 | $765 +2.6% | $13,970 |
| 2013 | $745 +0.4% | $13,970 |
| 2012 | $742 +7.9% | $13,970 -8.1% |
| 2011 | $688 +2.8% | $15,200 |
| 2010 | $669 +11.2% | $15,200 |
| 2009 | $601 +7.7% | $15,200 +8.3% |
| 2008 | $558 -2.6% | $14,040 |
| 2007 | $573 -34.6% | $14,040 -7.6% |
| 2000 | $876 +15.1% | $15,190 +15.1% |
| 1999 | $761 | $13,195 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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: 45801
Nearby schools
GreatSchools rating
- 5/10Liberty Arts Magnet K-8Grades: K-8Distance: 0.6 mi
- 2/10Lima Senior High SchoolGrades: 9-12Distance: 1.1 mi
- 3/10Heritage Elementary SchoolGrades: PK-4Distance: 0.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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- Ohio
- Allen County
- Lima
- 45801
- 705 W Elm St
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