American foursquare style home with a porch
Kitchen featuring a drop ceiling, light wood-type flooring, light countertops, freestanding refrigerator, and dark cabinetry
1209 Rice Avenue photo 3
Dining area with wood finished floors, a textured ceiling, ceiling fan, and ornamental molding
Bathroom with vanity, wood finished floors, shower / bath combination with curtain, a textured ceiling, and plenty of natural light
Bedroom with a textured ceiling and hardwood / wood-style flooring
Bedroom with dark wood-style flooring, a textured ceiling, and ornamental molding
Additional living space with vaulted ceiling
Unfinished below grade area featuring water heater
Utilities with water heater and heating unit
Utilities featuring electric panel
Basement with washer / dryer
Utility room featuring gas meter
View of patio
14 photos

$88,000

1209 Rice Avenue
Lima, OH 45805
Listed by Leilani M Bowersock · Coldwell Banker Schmidt Realty
Bedrooms
3
Bathrooms
1
Living area
1,548 sqft
Year built
1923

About this home

Investors! Look at this Turnkey 3 Bedroom, one full bath Colonial! Tenant occupied at $1100/month plus tenant pays their own gas/electric! Updates include: Siding, LVP flooring in kitchen, hot water tank, new electrical panel/wiring, hardwood floors refinished, interior paint, ceilings redone, Bathroom remodel with new LVP flooring/paint/tub surround/toilet, interior light fixtures, and third level attic converted into a large third bedroom!! Roof year unknown, no leaks. Furnace within 10 years. Woodburning Fireplace in Living Room! Cozy front porch, Nice lot, quiet street! Solid home! Contact co-list agent with questions. Ask us about the 6 other tenant occupied investments for sale plus 18 single family value add properties in the area! AS IS, no seller financing, Hurry- this will not last long!

Highlights

Fireplace

Property details

MLS #
5183889
Property type
SingleFamilyResidence
Subdivision
John E Thomas Sub
Status
Active
Days on market
164
On market date
January 27, 2026
Stories
2
Garage spaces
N/A
Lot size
0.042 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Heritage Elementary School
0.15 mi away · Grades -1-4
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
423
Student:teacher ratio
15.1:1
District
Lima City
Middle
Lima West Middle School
1.1 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
374
Student:teacher ratio
11.7:1
District
Lima City
HighCharter
West Central Learning Academy II
0.93 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
99
Student:teacher ratio
12.4:1
District
West Central Learning Academy II

Mortgage calculator

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Est. monthly payment
$680/mo
$17,600 down
$70,400 loan
Principal & interest$457
Property tax (est.)$73
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated July 10, 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.