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Dr. Martin Luther King, Jr. Home for Sale

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    $150,000

    • 3 Beds
    • 2 Baths
    • 1,669 Sq Ft

    1012 E 4th St, Lima, OH 45804

    This unique property offers lots of potential to any investor. It has over 5 acres, some being wooded, to use for personal or recreational use . It has two homes onone parcel. The smaller home is 1 bed/1bath and the other is 2 bed/1bath. Both houses could use some work. The 2 bedroom house needs electrical and some foundation work. No heating or cooling in either house. On the property is

    Luke Hatfield Dye Real Estate & Land Company

    1012 E 4th St, Lima, OH 45804

About Dr. Martin Luther King, Jr.

The Dr. Martin Luther King, Jr. neighborhood in Lima features gridded residential streets surrounding a central community park. The area includes small, mid-century cottages and ranch-style homes on compact lots, making it suitable for first-time homebuyers or families seeking either fixer-uppers or move-in-ready properties. Local amenities include Beer Barrel Pizza & Grill, located half a mile west, and Mama Dot’s Soul Food Kitchen on St Johns Avenue. For shopping, residents have access to Dollar General within the neighborhood and a Save A Lot less than 3 miles away, with additional options at the Eastgate Shopping Center. The neighborhood is served by Shawnee Middle, which has a high rating. The community park, sometimes called Foundry Park, offers recreational activities such as fishing, playgrounds, and tennis. For indoor entertainment, residents can drive 5 miles west to the Regal American Mall for a movie. Residents enjoy a short 2.5-mile commute to the city center. The area is not prone to environmental disasters, and recent improvements to the wastewater treatment system have enhanced local infrastructure.

Frequently Asked Questions

Is Dr. Martin Luther King, Jr. a good place to live?
Dr. Martin Luther King, Jr. is a good place to live. Dr. Martin Luther King, Jr. is considered very car-dependent and somewhat bikeable with minimal transit options. Dr. Martin Luther King, Jr. has 3 parks for recreational activities. It has a median age of 37. The average household income is $360 which is below the national average. College graduates make up -18446.3% of residents. A majority of residents in Dr. Martin Luther King, Jr. are renters, with 99.3% of residents renting and 0.7% of residents owning their home. A local real estate agent serving Dr. Martin Luther King, Jr. can help you decide if this neighborhood is the right one for you. Learn more on our Dr. Martin Luther King, Jr. neighborhood guide.
Is Dr. Martin Luther King, Jr., OH a safe neighborhood?
Dr. Martin Luther King, Jr., 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 Dr. Martin Luther King, Jr.?
The median home price in Dr. Martin Luther King, Jr. is $87,500. If you put a 20% down payment of $17,500 and had a 30-year fixed mortgage with an interest rate of 6.76%, your estimated principal and interest payment would be $450 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $19K a year to afford the median home price in Dr. Martin Luther King, Jr.. The average household income in Dr. Martin Luther King, Jr. is $360.
What are the best public schools in Dr. Martin Luther King, Jr.?
The best public schools that serve Dr. Martin Luther King, Jr. are:
What are the best private schools in Dr. Martin Luther King, Jr.?
The best private schools that serve Dr. Martin Luther King, Jr. are:
What are the most popular zip codes in Dr. Martin Luther King, Jr., Lima, OH?
The most popular zip codes in Dr. Martin Luther King, Jr., Lima, OH include 45805, 45801, 43331, 45885 and 45804.
What are the most popular neighborhoods near Dr. Martin Luther King, Jr., Lima, OH?
The most popular neighborhoods near Dr. Martin Luther King, Jr., Lima, OH are Southside Lima, Fifth Ward, Riverside North, Eastside Lima and Lakewood West.
Are home prices dropping in Dr. Martin Luther King, Jr.?
Yes, home prices in Dr. Martin Luther King, Jr. are down 26% in the last 12 months.

Home Trends in Dr. Martin Luther King, Jr., OH

Home Trends

Median Price (12 Mo)
$80,000
Median Single Family Price
$87,500
Average Price Per Sq Ft
$64
Number of Homes for Sale
1
Last 12 months Home Sales
5
Months of Supply
2.40
Median List Price
$87,500
Median Discount From 1st List Price
5%
Median Home Sale Price YoY Change
68%
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