500 Eastern Avenue
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$297,000

500 Eastern Avenue
New Lexington, OH 43764
Listed by Joan Elflein · Ohio Broker Direct
Bedrooms
6
Bathrooms
3
Living area
2,500 sqft
Year built
1991

About this home

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!

Property details

MLS #
5149912
Property type
Triplex
Subdivision
Fi Rst Add
Status
Active
Days on market
213
On market date
N/A
Stories
2
Garage spaces
N/A
Lot size
0.15 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
New Lexington Elementary School
1.1 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
441
Student:teacher ratio
18.4:1
District
New Lexington School District
Middle
New Lexington Middle School
1.14 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
375
Student:teacher ratio
16.3:1
District
New Lexington School District
High
New Lexington High School
1.33 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
492
Student:teacher ratio
17.6:1
District
New Lexington School District

Mortgage calculator

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Est. monthly payment
$1,939/mo
$59,400 down
$237,600 loan
Principal & interest$1,541
Property tax (est.)$248
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated March 23, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.