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Lancaster, OH Multifamily Homes & Duplexes for Sale

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  • /24

    $189,900

    • 1,352 Sq Ft

    221 S Baker Ave, Lancaster, OH 43130

    Opportunity awaits at 221-223 S Baker Street in Lancaster—an ideal duplex for both seasoned investors and those looking to owner-occupy while generating rental income. Situated on three parcels totaling 0.378 acres, this property offers solid long-term potential in a convenient location close to shopping, dining, and downtown amenities.Each unit features 2 bedrooms, 1 full bathroom, a

    Agent Photo

    Sherry Looney

    Howard HannaRealEstateServices

    (220) 208-7862

    221 S Baker Ave, Lancaster, OH 43130
  • /32

    $225,000

    • 1,624 Sq Ft

    629 E Chestnut St, Lancaster, OH 43130

    Updated Duplex in a Premium location in the heart of Historic Downtown Lancaster. Enjoy each of your remodeled 2 Bed 1 Bath units which provide many updates while still preserving the buildings historic charm. Within walking distance of Downtown Lancaster's numerous events & amenities - this versatile property would make an excellent AirBnB, Home or Residential Rental. Notable Features include: A

    Agent Photo

    Zack Linder

    Coldwell Banker Realty

    (220) 214-0661

    629 E Chestnut St, Lancaster, OH 43130
  • /67

    $339,000

    • 2,904 Sq Ft

    2161 E Main St, Lancaster, OH 43130

    Excellent Investment Opportunity - Fully Rented! This well-maintained tri-plex features three separate units, each with private entrances, individual HVAC systems, appliances, and washer/dryer hookups—offering comfort, convenience, and independence for tenants. Unit 1: 3 bedrooms, 1 full bath, freshly painted interior, fenced-in yard, and a 1.5-car garage. Unit 2: 3 bedrooms, 1 full bath, and

    Agent Photo

    Sherry Looney

    Howard HannaRealEstateServices

    (220) 242-3172

    2161 E Main St, Lancaster, OH 43130
  • /59

    $3,250,000

    226 Whittier Dr S, Lancaster, OH 43130

    Whittier Townhomes - A rare opportunity to acquire a newly constructed, fully stabilized 12-unit multifamily community with a 100% property tax abatement in place through 2041. Current annual property taxes are just $1,278, significantly boosting net operating income, as any increase in taxable improvement value is fully abated. Completed in 2024, the community features a desirable unit mix of

    Jon Lorenz Lim Realty Group

    226 Whittier Dr S, Lancaster, OH 43130

Why Live in Lancaster

Lancaster, OH, founded in 1800, is a community that blends historical charm with modern development. The city’s rich history is evident in its architecture, with homes dating back to the early 1900s, including farmhouses, craftsman bungalows, Queen Annes, and stick homes. These historic homes are often situated close to the streets, with backyards providing space for patios and additional structures. Newer developments on the outskirts feature midcentury ranch homes and new constructions with two-car garages on quarter- to half-acre lots. Lancaster’s downtown district is vibrant, offering a mix of local eateries, boutiques, and big box stores. Ale House 1890, a historic establishment, is popular for its intimate atmosphere. Shopping options include Opal & Ivory, Farmer’s Country Store, and River Valley Mall, which houses national retailers like Bath & Body Works and Old Navy. The city hosts the Fairfield County Fair in October, a weeklong event with tractor pulls, demolition derbies, live music, and carnival rides. Parks such as Rising Park offer scenic overlooks and trails, while Firehouse Park features playgrounds and picnic areas. The Fairfield Heritage Trail spans 9 miles, connecting various communities. Lancaster-Fairfield Public Transit provides local routes, but residents need to drive 31 miles to reach downtown Columbus and 27 miles to Rickenbacker International Airport. Schools in Lancaster are highly rated, with Lancaster High School featuring a planetarium and a bike path to Ohio University Lancaster, located about 2 miles from downtown.

Home Trends in Lancaster, OH

Housing Trends

Median Sale Price
$335,000
Median Single Family Sale Price
$320,000
Median 2 Bedroom Sale Price
$335,000
Average Price Per Sq Ft
$152
Number of Homes for Sale
13
Last 12 months Home Sales
94
Months of Supply
1.70
Median List Price
$325,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
17%
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