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Investment - Homes for Sale in Lima, OH

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  • /49

    $55,000

    $5K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,165 Sq Ft

    621 Prospect Ave, Lima, OH 45804

    Check out this solid home or investment property. Whether you are looking for a project to add some sweat equity in or identifying the next rental in your portfolio, this home is potential for you. Set up your showing today.

    Agent Photo

    Seth Ciminillo

    Dye Real Estate & Land Company

    (419) 670-7088

    621 Prospect Ave, Lima, OH 45804
  • /8

    $110,000

    • 3 Beds
    • 1.5 Baths
    • 1,603 Sq Ft

    2984 Freyer Rd, Lima, OH 45807

    Investment Opportunity - 2984 Freyer RoadUnlock the potential at 2984 Freyer Road! This 3-bedroom, 1.5-bath home is ready for yourvision and updates. Whether you're looking for a renovation project, rental investment, or a placeto customize into your dream home, this property offers plenty of possibilities.Situated on three lots, this unique offering provides added value with

    Agent Photo

    Rebecca Neville

    Century 21 Sunway Realty-Ada

    (419) 845-5767

    2984 Freyer Rd, Lima, OH 45807
  • /2

    $49,500

    $26K PRICE DROP
    • 4 Beds
    • 2 Baths

    325 N McDonel St, Lima, OH 45801

    Welcome to 325 N McDonel Street, a spacious duplex in the heart of Lima, Ohio, offering 2,003 square feet of living space and a prime opportunity for investors or owner-occupants. This two-unit property features a total of four bedrooms and two full bathrooms, providing flexibility for rental income or multi-generational living. Recent updates include new gutters and porch repair, enhancing

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    Connie Thompson

    Superior Plus Realtors

    (419) 649-4834

    325 N McDonel St, Lima, OH 45801
  • /26

    $250,000

    • 7 Beds
    • 3 Baths

    1063 W West Market St, Lima, OH 45805

    Well-maintained tri-plex investment opportunity with all three units curently occupied, providing immediate rental income. Units 1 & 2 each feature 3 bedrooms and 1 full bath, currently renting for $1,000 per month per unit. Unit 3 offers 1 bedroom and 1 full bath with current rent at $700 per month. Property owner pays water, sewer, trash, and snow removal. Each unit has its own designated break

    Agent Photo

    April LaRue

    Cowan, Realtors

    (419) 926-0731

    1063 W West Market St, Lima, OH 45805
  • /16

    $164,500

    • 3 Beds
    • 2 Baths
    • 1,324 Sq Ft

    1566 Plainfield Dr, Lima, OH 45805

    Great investment property or private home. 3 nice bedrooms and 2 full baths. All new flooring throughout, new ceiling fans in all bedrooms, all appliances stay and attached 1 car garage. Private patio, close to shopping and restaurants. Wash and dryer included.

    Linda Stemen Berkshire Hathaway Professional Realty

    1566 Plainfield Dr, Lima, OH 45805
  • /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
  • /13

    $59,000

    $11K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,392 Sq Ft

    406 Ewing Ave, Lima, OH 45801

    Investors! Look at this value add investment project property ready for your renovations! This 3 bedroom, one full bath home offers 1392 square feet on a 50 x 112 lot! Quiet street, nice lot! Great space! Improvements include: hot water tank and newer furnace! Roof year unknown but in good shape! Priced to sell, no seller financing! Ask us about the OTHER 16 value add properties for sale in the

    Leilani Bowersock Coldwell Banker Schmidt Realty

    406 Ewing Ave, Lima, OH 45801
  • /14

    $149,000

    • 3 Beds
    • 2 Baths

    504 S Shawnee St, Lima, OH 45804

    Prime Investment Opportunity Steps from Lima Memorial Hospital. Maximize your portfolio with this high-performing income property generating more than $15,000 in annual net income, this unique setup offers immediate cash flow in a location second to none for rental demand. Situated within easy walking distance of Lima Memorial Hospital, this well maintained property is perfectly positioned to

    Tim Stanford Superior Plus Realtors

    504 S Shawnee St, Lima, OH 45804
  • /16

    $59,000

    $8K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,264 Sq Ft

    725 E Vine St, Lima, OH 45804

    Investors! Look at this value add investment project property ready for your renovations! This 3 bedroom, one full bath home offers 1264 square feet on a 61 x 61 partially fenced in lot! Improvements include: Some drywall work started property cleaned out- ready for your finishing touches and renovations! Priced to sell, no seller financing. Ask us about the OTHER 16 value add properties for sale

    Leilani Bowersock Coldwell Banker Schmidt Realty

    725 E Vine St, Lima, OH 45804
  • /24

    $2,650,000

    • 91 Beds
    • 33 Baths

    30 Property Portfolio, Lima, OH 45804

    Stabilized 30-Unit Residential PortfolioExclusive investment opportunity to acquire a robust portfolio of thirty single-family homes. This turn-key acquisition is offered at a purchase price of $2,650,000, representing an efficient entry into the Northwest Ohio market at a price per door of approximately $88,333. The valuation of $2,650,000 aligns with the analyzed market value of

    Tim Stanford Superior Plus Realtors

    30 Property Portfolio, Lima, OH 45804
  • /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
  • /11

    $816,000

    $204K PRICE DROP
    • Land
    • 51.14 Acres
    • $15,956 per Acre

    0 N Thayer Rd, Lima, OH 45801

    Highly desirable Bath School District! Beautiful 51.14-acre property offering endless possibilities. Approximately 7.5 acres wooded, providing privacy, natural beauty, and recreational opportunities. The remaining acreage offers open space suitable for building, farming, or investment use.A great opportunity to build your dream home and enjoy country living with room to grow.Don't miss

    Tina Pearson Choice Properties Real Estate, Inc.

    0 N Thayer Rd, Lima, OH 45801
  • /23

    $180,000

    • 2 Beds
    • 2 Baths
    • 1,200 Sq Ft

    140 Hartford Ct Unit A, Lima, OH 45805

    Welcome to 140 A Hartford Court! This well maintained 2 bedroom and 2 full bath condo is currently rented, making it a great investment opportunity. Featuring new appliances in the kitchen and wide-open floor plan, the spacious living and kitchen area offers comfortable living and entertaining space. The condo features generous sized bedrooms and walk in closet in the owners suite. Also available

    Dawn Iiames CCR Realtors

    140 Hartford Ct Unit A, Lima, OH 45805
  • /7

    $148,000

    • 5 Beds
    • 2 Baths
    • 2,711 Sq Ft

    705 W Elm St, Lima, OH 45801

    Investor opportunity in Lima -- this duplex offers solid income potential and plenty of space for tenants. The lower unit features approximately 1,496 sq. ft. with 3 bedrooms and 1 full bath. Inside, you'll find a spacious layout, hardwood flooring, an updated bathroom, central air, and gas forced-air heat. Washer and dryer hookups are located in the basement. The downstairs unit currently rents

    Lindsay McDonald Oakridge Realty & Auction Co.

    705 W Elm St, Lima, OH 45801
  • /2

    $200,000

    • 6 Beds
    • 3.5 Baths

    614 W Wayne St, Lima, OH 45801

    NOW AVAILABLE!What a great investment opportunity for rental income!This centrally investment property would help you investment package complete near hospital and new downtown developments! See this 2 unit property in person by appointment with a minimum 24 hour notice for tenants rights! Details:3 story, 9 bedroom, 3.5 bath, parking for 9, shared U shape driveway, Zoned Class 2.

    Jennifer Stemen Superior Plus Realtors

    614 W Wayne St, Lima, OH 45801
  • /15

    $89,000

    $23K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,400 Sq Ft

    922 N Jefferson St, Lima, OH 45801

    Look at this turnkey investment property at 922 N Jefferson in Lima, Ohio! This 3 bedroom, one full bath home has 1400 square feet and ready for new owner! Cash tenant at $1100/month plus pays gas/electric! Updates include: Siding, carpet throughout the home, interior paint, ceilings redone, ceiling fans, LVP flooring in kitchen, hot water tank, full bathroom renovation with new LVP

    Leilani Bowersock Coldwell Banker Schmidt Realty

    922 N Jefferson St, Lima, OH 45801
  • /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
  • /37

    $2,450,000

    $50K PRICE DROP
    • 42 Beds
    • 30 Baths

    1212 Bellefontaine Ave, Lima, OH 45804

    Welcome to 1212 Bellefontaine Avenue! This turnkey investment property features 30 totally remodeled units! 12 of which are 2 bedroom units and 18 of which are 1 bedroom units. This brick building had a remodel completed in 2025 and is ready for new ownership! Every unit has new floors, paint, bathrooms, and appliances. Community laundry room with coin machines, fitness room, low vacancy & a

    Dalton Brenner Berkshire Hathaway Professional Realty

    1212 Bellefontaine Ave, Lima, OH 45804
  • /7

    $30,000

    • Land
    • 1.81 Acres
    • $16,575 per Acre

    000 E 4th St, Lima, OH 45804

    Almost 2 acres of developable land! Land is located in Lima City and zoned R1. Pick up this piece of land and build your home or investment property on it. Could be bought with 1428 S Sugar St also to get additional road access from Sugar St.

    Luke Hatfield Dye Real Estate & Land Company

    000 E 4th St, Lima, OH 45804
  • /5

    $15,000

    • Land
    • 4,791 Sq Ft
    • $136,364 per Acre

    123 Flanders Ave, Lima, OH 45801

    Quietly tucked away this vacant lot offers a great opportunity for investors, builders, or anyone looking to secure affordable land with future potential. Whether you're planning a new build, rental investment, or simply holding land for the future, this parcel offers solid value in an area seeing continued growth and redevelopment. Building plans will convey with the sale, giving buyers a head

    Shane Lambert Howard Hanna - Sidney

    123 Flanders Ave, Lima, OH 45801
  • /2

    $170,000

    • 2 Beds
    • 1 Bath
    • 1,028 Sq Ft

    140B Hartford Ct Unit B, Lima, OH 45805

    Welcome to 140 B Hartford Court! This well maintained condo offers 2 spacious bedrooms and 1 full bathroom and 1,028 sq. ft. The open layout provides functional and inviting atmosphere, while the one-car attached garage adds convenience and extra storage. Currently rented, this property presents a great investment opportunity with immediate rental income. Located in the desirable Elida School and

    Dawn Iiames CCR Realtors

    140B Hartford Ct Unit B, Lima, OH 45805
  • /17

    $29,900

    • 2 Beds
    • 1.5 Baths
    • 720 Sq Ft

    623 E 4th St, Lima, OH 45804

    This Fannie Mae homepath property is a solid property offering a value-add opportunity for renovation or investment. This 2-bedroom, 1.5-bath home features 720 square feet and includes a full basement. The interior offers a traditional layout with a living area, kitchen space, and main-level bedrooms. Basement provides additional space with a half bath and utility area. Exterior features a simple

    Roberta Buzzard, ABR Sluss Realty Company

    623 E 4th St, Lima, OH 45804
  • /15

    $120,000

    • 3 Beds
    • 1 Bath
    • 1,104 Sq Ft

    1101 Belvidere Ave, Lima, OH 45801

    Welcome to 1101 Belvidere Ave! Situated on a desirable corner lot and priced to sell, this property is a great opportunity for investors or owner-occupants alike. Featuring a recently updated interior with fresh paint, updated fixtures and a brand new roof, this home is move-in ready and full of potential. With strong rental demand in the area, it could make an excellent addition to your

    Dave Mayer Hartsock Realty

    1101 Belvidere Ave, Lima, OH 45801
  • /13

    $59,000

    $5K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,211 Sq Ft

    919 N Main St, Lima, OH 45801

    Investors! Look at this value add investment project property ready for your renovations! This 2 bedroom, one full bath home offers 1211 square feet on a large 50 x 280 lot! Improvements include: Newer siding, gutters, and hot water tank! Priced to sell, no seller financing! Detached 2 car garage! Ask us about the other 16 value add properties for sale in the area that are similar and can be

    Leilani Bowersock Coldwell Banker Schmidt Realty

    919 N Main St, Lima, OH 45801
  • /2

    $74,900

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,198 Sq Ft

    812 S Atlantic Ave, Lima, OH 45804

    This 2-bedroom, 1-bath home is ready for your vision and creativity. Offering solid bones and plenty of opportunity to add value, this property is ideal for investors, flippers, or buyers looking to build equity through renovations.The home features a full basement that has been partially started for conversion into an apartment, creating the potential for additional living space, a guest

    Chris Pocza Cowan, Realtors

    812 S Atlantic Ave, Lima, OH 45804
  • /2

    $480,000

    • 5 Beds
    • 2.5 Baths
    • 3,266 Sq Ft

    3065 Lakeshore Dr, Lima, OH 45806

    House sold ''As-Is''. Needs TLC. Great Investment property.

    Maria Sanko CCR Realtors

    3065 Lakeshore Dr, Lima, OH 45806
  • /24

    $74,000

    $15K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,952 Sq Ft

    1323 W Elm St, Lima, OH 45805

    Investors! Duplex! Look at this value add investment project property ready for your renovations! This 4 bedroom, 2 full bath Duplex offers 91952 square feet on a long 48 x 203 lot! Improvements include: Newer siding, gutters, kitchen cabinets, tile flooring, and hot water tank! Year on Roof and mechanics unknown but in good order. Down unit in decent condition, Up unit in need of full

    Leilani Bowersock Coldwell Banker Schmidt Realty

    1323 W Elm St, Lima, OH 45805
  • /12

    $59,000

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

    816 N Baxter St, Lima, OH 45801

    Investors! Look at this value add investment project property ready for your renovations! This 3 bedroom, one full bath home offers 960 square feet on a 40 x 100 lot! Improvements include: Newer siding, gutters, kitchen cabinets, tile flooring, and hot water tank! 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

    Leilani Bowersock Coldwell Banker Schmidt Realty

    816 N Baxter St, Lima, OH 45801
  • /74

    $549,900

    $25K PRICE DROP
    • 5 Beds
    • 3 Baths
    • 3,255 Sq Ft

    2350 S Wapakoneta Rd, Lima, OH 45805

    Step into a one-of-a-kind blend of history and modern comfort with this stunning, fully renovated 1920 barn home, perfectly situated on 1.94 scenic acres in the highly desirable Shawnee School District. Located at 2350 S. Wapak Rd in Lima, this extraordinary property offers the charm of rustic architecture with the updates today's buyers crave. Boasting 5 spacious bedrooms and 3 full bathrooms,

    Sarah Spencer KW Greater Columbus Realty

    2350 S Wapakoneta Rd, Lima, OH 45805

Home Prices in Lima, OH

Home Price Trends

Median Sale Price
$175,000
Median Single Family Sale Price
$165,000
Median Townhouse Sale Price
$95,000
Median 2 Bedroom Sale Price
$325,000
Average Price Per Sq Ft
$127
Number of Homes for Sale
77
Last 12 months Home Sales
335
Months of Supply
2.80
Median List Price
$179,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
9%
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