165 Lake St, Lancaster, OH

Name: 165 Lake St, For Sale in Lancaster - Zoocasa
Brand: Howard HannaRealEstateServices
SKU: 226000230
Price: 225900 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$225,900

000

MLS® 226000230

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage No

Taxes $890

Days Active 2

Lot Size 0.16 acres

Approx. Age 1900

MLS® Number 226000230

Property Address: 165 Lake St, Lancaster, OH, 43130-2502

Average square foot calculated using Size range provided by listing agent.

Description

Premier Investment Opportunity: Income-Producing Duplex Unlock the potential of this versatile 1, 523 sq. Ft. Duplex in a high-demand Lancaster location! Whether you are looking for a reliable addition to your portfolio or an 'owner-occupant' opportunity to live in one side and let the other pay your mortgage, this property delivers. This well-maintained two-unit building features a spacious layout designed for long-term tenant comfort: Unit 1 (First Floor): A generous 3-bedroom, 1-bathroom residence. Unit 2 (Second Floor): A cozy 1-bedroom, 1-bathroom unit. Amenities: Both units feature large living areas, kitchens equipped with refrigerators and stoves, and dedicated laundry hookups (tenant-owned washers/dryers). Utilities: Units are individually metered, and tenants pay all utilities. Financial Highlights Strong Cash Flow: Currently generating $1, 795 per month in total rent. Tenant Mix: One unit is self-pay and the other is Section 8; both are currently on month-to-month leases. Growth Potential: Rents are currently below market value, offering immediate upside for the next owner. Seamless Transfer: All deposits will be credited to the buyer at closing. Exterior & Location Situated on an oversized lot with convenient alley access, the property offers rare flexibility. There is ample space to build a garage or additional outbuildings to further increase value. The location is unbeatable for tenants, sitting within easy walking distance of Mt. Pleasant Elementary, Rising Park, and the Fairfield County Fairgrounds. It is also just minutes from the shops, dining, and culture of Historic Downtown Lancaster. Showing Instructions Please do not disturb the tenants. All offers are to be curb offers only. The property will be made available for interior viewing once in contract for inspection purposes. Attention Agents: Please see ATA and the attached offer instructions document for further details.

MLS® Number226000230

Laundry Level

Central VacNo

FireplaceNo

Acreage0.16

Exterior

GarageNo

Approx. Age1900

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 5, 2026List Date

$225,900List Price

Commute

Commute

Starting Address

Destination Address

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