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Central Lima Homes for Sale

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  • 1472 Feeman Ave, Lima, OH 45805
    1472 Feeman Ave, Lima, OH 45805
    1472 Feeman Ave, Lima, OH 45805
    /31

    $129,900

    • 2 Beds
    • 1 Bath
    • 936 Sq Ft

    1472 Feeman Ave, Lima, OH 45805

    Welcome to 1472 Feeman Ave in Lima, Ohio! This 2-bedroom, 1-bath ranch offers convenient one-floor living with approximately 936 square feet and plenty of opportunity to make it your own. Inside, you'll find a comfortable living room, kitchen with white cabinetry and tile backsplash, adjoining dining area, central air, and a practical layout. An attached 2-car garage provides convenient parking

    Agent Photo

    Dustin Purtan

    EXP Realty, LLC.

    1472 Feeman Ave, Lima, OH 45805
  • 975 Richie Ave, Lima, OH 45805
    975 Richie Ave, Lima, OH 45805
    975 Richie Ave, Lima, OH 45805
    /9

    $37,000

    • 3 Beds
    • 1 Bath
    • 1,404 Sq Ft

    975 Richie Ave, Lima, OH 45805

    Unlock the potential of this investment opportunity! This property is ready for its next chapter and offers an excellent opportunity for an investor, builder, or buyer looking to take on a renovation project. The home sustained fire damage and is being sold AS-IS, but valuable groundwork has already been completed with professionally prepared architectural plans that will transfer with the

    Agent Photo

    Samantha Wilch

    Superior Plus Realtors

    975 Richie Ave, Lima, OH 45805
  • 8 unit House Package, Lima, OH 45805
    8 unit House Package, Lima, OH 45805
    8 unit House Package, Lima, OH 45805
    /6

    $500,000

    • 4 Beds
    • 1 Bath

    8 unit House Package, Lima, OH 45805

    Excellent investment opportunity featuring an 8-unit residential portfolio across five properties, offered together as one package for $500,000. The list price reflects the entire portfolio. The package includes 609 N Cole St, 323 Maple Ln, 332?336 S Pierce St with four 1-bedroom units, 618 Faurot Ave, and 419 S Scott St. The portfolio offers a diverse unit mix consisting of single-family

    Agent Photo

    Seth Ciminillo

    Dye Real Estate & Land Company

    8 unit House Package, Lima, OH 45805
  • 813 N Cole St, Lima, OH 45805
    813 N Cole St, Lima, OH 45805
    813 N Cole St, Lima, OH 45805
    /8

    $125,000

    $5K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,212 Sq Ft

    813 N Cole St, Lima, OH 45805

    Updated and move-in ready! This 3-bedroom, 1-bath home features a remodeled bathroom, updated kitchen with backsplash, fresh paint throughout, new vinyl wood flooring, and new carpet. The main floor offers a bedroom, full bath, and laundry, with two additional bedrooms upstairs plus a flexible space that could serve as a fourth bedroom, office, or playroom. Outside you'll find a stone driveway,

    Jaiden Johnston EXP Realty-Dublin

    813 N Cole St, Lima, OH 45805
  • 854 W Wayne St, Lima, OH 45801
    854 W Wayne St, Lima, OH 45801
    854 W Wayne St, Lima, OH 45801
    /31

    $99,000

    $16K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,409 Sq Ft

    854 W Wayne St, Lima, OH 45801

    Looking for a solid addition to your portfolio or your next flip project? This 1914-built traditional two-story home in Lima offers the perfect 'bones' and the most desirable rental configuration: 3 Bedrooms and 2 Full Bathrooms. At 1,409 square feet, this property provides a substantial footprint that is easy to manage but large enough to command top-tier market rents or a strong resale price.

    Kate Shulaw KW Greater Columbus Realty

    854 W Wayne St, Lima, OH 45801
  • 503 N Charles St, Lima, OH 45805
    503 N Charles St, Lima, OH 45805
    503 N Charles St, Lima, OH 45805
    /19

    $74,000

    $11K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,708 Sq Ft

    503 N Charles St, Lima, OH 45805

    Investors! OR Homeowners that love a remodeling project! Look at this value add investment project property or home ready for your creative renovations! This 3 bedroom, TWO full bath home offers 1708 square feet on a 50 x 72 lot! Improvements include: Newer siding, gutters, updated electrical panel, furnace and hot water tank! Priced to sell, no seller financing. Great hardwood floors on main

    Leilani Bowersock Coldwell Banker Schmidt Realty

    503 N Charles St, Lima, OH 45805
  • 1160 Richie Ave, Lima, OH 45805
    1160 Richie Ave, Lima, OH 45805
    /2

    $139,900

    • 4 Beds
    • 1 Bath
    • 1,320 Sq Ft

    1160 Richie Ave, Lima, OH 45805

    Welcome to 1160 Richie Ave. This all brick two story home features a covered front porch and large fenced backyard; 4 bedrooms, 1 bath with large dining room and open kitchen offer generous living space. This property combines historic character with modern updates. Come check it out!

    Molly Blodgett Cowan, Realtors

    1160 Richie Ave, Lima, OH 45805
  • 615 N Collett St, Lima, OH 45805
    615 N Collett St, Lima, OH 45805
    615 N Collett St, Lima, OH 45805
    /14

    $59,000

    $11K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,404 Sq Ft

    615 N Collett St, Lima, OH 45805

    Investors! Look at this value add investment project property ready for your renovations! This 3 bedroom, one full bath home offers 1404 square feet on a 40 x 86 lot! Plenty of space! Quiet Street! Priced to sell, no seller financing. Ask us about the OTHER 16 value add properties for sale in the area that are similar and can be bundled for purchase in groups or portfolio! AS IS. Great area and

    Leilani Bowersock Coldwell Banker Schmidt Realty

    615 N Collett St, Lima, OH 45805
  • 949 Leland Ave, Lima, OH 45805
    949 Leland Ave, Lima, OH 45805
    949 Leland Ave, Lima, OH 45805
    /14

    $89,000

    $34K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,136 Sq Ft

    949 Leland Ave, Lima, OH 45805

    Investors! TURNKEY, tenant occupied property! Ready to go! This 3 bedroom, one full bath home is ready for a new owner! Excellent tenant! $1100/month cash income plus tenant pays gas/electric. This home offers 1136 square feet with plenty of space! Main level offers a large kitchen with dinette area, dining room, living room and closet areas! Second level offers 2 nice sized bedrooms, a full

    Leilani Bowersock Coldwell Banker Schmidt Realty

    949 Leland Ave, Lima, OH 45805
  • 1209 Rice Ave, Lima, OH 45805
    1209 Rice Ave, Lima, OH 45805
    1209 Rice Ave, Lima, OH 45805
    /14

    $88,000

    $27K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,548 Sq Ft

    1209 Rice Ave, Lima, OH 45805

    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

    Leilani Bowersock Coldwell Banker Schmidt Realty

    1209 Rice Ave, Lima, OH 45805
  • 1415 W Wayne St, Lima, OH 45805
    1415 W Wayne St, Lima, OH 45805
    1415 W Wayne St, Lima, OH 45805
    /10

    $65,000

    $5K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,156 Sq Ft

    1415 W Wayne St, Lima, OH 45805

    Great opportunity for investors looking to add a cash-flowing asset to their portfolio. This single-family 2 bedroom 1 bath home with a possible 3rd bedroom, offers the potential to be refreshed and rental-ready in a short amount of time. Conveniently located on the West side, it's close to shopping, dining and entertainment, making it an attractive option for future tenants. Recent updates

    Dave Mayer Hartsock Realty

    1415 W Wayne St, Lima, OH 45805
  • 431 N Metcalf St, Lima, OH 45801
    431 N Metcalf St, Lima, OH 45801
    431 N Metcalf St, Lima, OH 45801
    /27

    $59,000

    $16K PRICE DROP
    • 4 Beds
    • 1 Bath
    • 1,513 Sq Ft

    431 N Metcalf St, Lima, OH 45801

    Look at this beautiful 4 bedroom, 1 full bath home- ready for your renovation completion! A lot of work has already been completed! Grand layout! Corner lot, combination vinyl and wood siding, large front patio! Garage area was prior converted into an additional room area/ can be converted back! Some newer pex plumbing and light fixtures! 4 spacious bedrooms, 1 full baths, nice sized living room

    Leilani Bowersock Coldwell Banker Schmidt Realty

    431 N Metcalf St, Lima, OH 45801
  • 1415 Hazel Ave, Lima, OH 45805
    1415 Hazel Ave, Lima, OH 45805
    1415 Hazel Ave, Lima, OH 45805
    /21

    $134,900

    $5K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 904 Sq Ft

    1415 Hazel Ave, Lima, OH 45805

    Adorable Ranch, Close to everything, features 2 bedrooms, spacious eat in updated kitchen with appliances, family room and bonus room, main floor washer and dryer hookup, updates include, new bathroom 26', new interior doors, new plumbing , new metal roof, new luxury vinyl plank in living room, dining , kitchen & bathroom. New Carpet in bedrooms, high efficiency furnace and central air, nice

    Renee Smiley Cowan, Realtors

    1415 Hazel Ave, Lima, OH 45805
  • 703 N Collett St, Lima, OH 45805
    703 N Collett St, Lima, OH 45805
    703 N Collett St, Lima, OH 45805
    /16

    $88,000

    $21K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,151 Sq Ft

    703 N Collett St, Lima, OH 45805

    Investors! Look at this Turnkey 3 Bedroom, one full bath property! Tenant occupied at $1300/month plus tenant pays their own gas/electric! 1151 square feet/ Updates include: interior paint, hardwood floors refinished, hot water tank, electrical panel, bathroom renovated with newer LVP flooring/sink/toilet, interior paint! Roof year unknown, no leaks. Furnace within 10 years. Woodburning Fireplace

    Leilani Bowersock Coldwell Banker Schmidt Realty

    703 N Collett St, Lima, OH 45805
  • 813 College Ave, Lima, OH 45805
    813 College Ave, Lima, OH 45805
    813 College Ave, Lima, OH 45805
    /35

    $180,000

    • 3 Beds
    • 2 Baths
    • 1,560 Sq Ft

    813 College Ave, Lima, OH 45805

    Welcome Home to this beautifully renovated property where thoughtful updates and timeless style come together. The heart of the home is the gorgeous kitchen, featuring stunning new cabinetry, updated countertops, new appliances, and modern fixtures. A formal dining room and eat-in kitchen provide additional space for gathering and entertaining. Both bathrooms have been completely remodeled with

    Nicole Wells Keller Williams Citywide

    813 College Ave, Lima, OH 45805
Ohio Allen County Lima

Real Estate & Homes for Sale in Central Lima, Lima

Why Live in Central Lima
Central Lima is known for its affordable housing and favorable location. The residential grid features narrow sidewalks and lots averaging less than one-tenth of an acre. Bungalows and cottages, most of which offer three bedrooms and 1,000 to 1,500 square feet of living space, make up the housing blend. Homes are packed closely together and often lack garages and other amenities, but prices are competitive, and residents are within 1 mile of downtown. Dining options include Ginger Asian Kitchen, Jerry's Deli, Lee's Famous Recipe Chicken and Dairy Queen, and Pappy's Lounge provides an evening karaoke spot. Grocery options are limited to J & E Haitian Caribbean Store and Dollar General for household items. Baxter Park, a small field suitable for picnics, is located immediately west of the neighborhood, while Faurot Park, nearly a mile south, offers a playground, dog-walking paths and skateboarding areas. The neighborhood is somewhat walkable, and Allen County Regional Transit Authority bus routes run along Route 81 and Market Street, offering a 10-minute ride to the city center, about 2 miles away. The same drive takes roughly five minutes by car. Recent improvements have been made to the wastewater treatment system.
Learn more about living in Central Lima

Central Lima Home Prices vs. Nearby Lima, OH Neighborhoods

Central Lima Eastside Lima Riverside North Fifth Ward
Median Home Price
$122,500
$125,000
$101,200
$96,500
Median Sale Price
$114,900
+3% YoY
$129,250
+70% YoY
$95,000
-22% YoY
$65,295
+57% YoY
Median Single Family Price
$114,450
$115,000
$101,250
$84,000
Median Townhouse Price
$107,500
--
$39,000
$209,900
Total Active Listings
16 listings
1 listings
7 listings
15 listings
Market Conditions
6 Months of Supply
Balanced Market
2 Months of Supply
Seller's Market
4 Months of Supply
Balanced Market
8 Months of Supply
Buyer's Market

Frequently Asked Questions

Is Central Lima a good place to live?
Central Lima is a good place to live. Central Lima is considered somewhat walkable and somewhat bikeable with some transit options. Central Lima has 6 parks for recreational activities. It has a median age of 32. The average household income is $43,029 which is below the national average. College graduates make up 9.6% of residents. A majority of residents in Central Lima are renters, with 58% of residents renting and 42% of residents owning their home. A local real estate agent serving Central Lima can help you decide if this neighborhood is the right one for you. Learn more on our Central Lima neighborhood guide.
Is Central Lima, OH a safe neighborhood?
Central Lima, OH is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Central Lima?
The median home price in Central Lima is $122,500. If you put a 20% down payment of $24,500 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $27K a year to afford the median home price in Central Lima. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Central Lima is $43K.
What are the best public schools in Central Lima?
The best public schools that serve Central Lima are:
What are the best private schools in Central Lima?
The best private schools that serve Central Lima are:
What are the most popular zip codes in Central Lima, Lima, OH?
The most popular zip codes in Central Lima, Lima, OH include 45805, 45801, 45804, 45807 and 45806.
What are the most popular neighborhoods near Central Lima, Lima, OH?
The most popular neighborhoods near Central Lima, Lima, OH are Riverside North, Westgate, Lakewood West, Northside Lima and Fifth Ward.
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