$210,000

11 E Main St Lucas, OH 44843

Estimated payment $1,324/month

8 Beds
4 Baths
4,944 Sq Ft
$42 Price per Sq Ft

Highlights

  • Brick or Stone Mason
  • Forced Air Heating System
  • Hot Water Heating System
  • Patio

About This Home

If you have you been looking for a solid investment property, it is right here. This four-unit building is located in the heart of the village of Lucas, close to a community center with a cafe, shopping, and a park. It provides good cash-flow with additional potential, along with steady tenant demand. All four units come with kitchen appliances, and feature one full bath each, and laundry hookups in the basement. One unit has three beds, two with two beds, and one has one bed with a multi-use space. The property features a grassy back yard plus an eight-space parking area. There are separate gas and electric meters allowing tenants to pay their own utilities, while the owner pays for lawn/snow maintenance, water, and trash. Updates include: some newer flooring (2025), electrical updates (2019), newer windows, and roof repairs (as soon as contractor is available.) Property to sell “As Is.”

Listing Agent

Barbie Lange

NextHome Next Stepp Brokerage Phone: 4192812122 License #2019007485 Listed on: 05/05/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 62 x 120

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding
  • Lead Paint Disclosure

Interior Spaces

  • 4,944 Sq Ft Home
  • 2-Story Property
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 8 Parking Spaces
  • No Garage
  • Paved Parking
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Exclusions: Tenant's Personal Property.
  • Tenant pays for gas, electricity
  • The owner pays for water, trash collection, sewer
  • Tax Lot 4 60 X 120 & PT VAC AL...
  • Assessor Parcel Number 0201616102000

Community Details

Overview

  • 4 Units

Building Details

  • New Taxes Expense $1,405
  • Gross Income $2,500
  • Net Operating Income $18,840

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Lot Size: 62 x 120
  • Exclusions: Tenant's Personal Property.
  • Directions: Located just east of the center of the Village of Lucas on Main St.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1940
  • Attribution Contact: 4192812122
  • NAV43_Flood_Plain: No
  • NAV43_rets_property_type: Residential Income
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Unit 1 Range, Unit 2 Range, Unit 3 Range, Unit 4 Range, Unit 1 Refrigerator, Unit 2 Refrigerator, Unit 3 Refrigerator, Unit 4 Refrigerator
  • Owner Pays: Water, Trash Collection, Sewer, Other
  • Has Basement: Crawl Space, Partial
  • Basement YN: Yes
  • Total Bedrooms: 8
  • Living Area: 4944

Exterior Features

  • Disclosures: Property Disclosure, Lead Based Paint Disclosure
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Brick
  • Patio And Porch Features: Patio, Enclosed Porch
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: No Garage, Stone
  • Total Parking Spaces: 8

Utilities

  • Heating: Forced Air, Natural Gas, Hot Water
  • Heating Yn: Yes
  • Electric: Other
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Trash Expense: 420
  • Annual Water Sewer Expense: 1500

Schools

  • Junior High Dist: Lucas Local Schools

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Farm Land Area Units: Square Feet
  • Parcel #: 0201616102000
  • Zoning Description: Other

Rental Info

  • Lease Term: Unit 1 Lease Length(Yearly),Unit 2 Lease Length(Yearly),Unit 3 Lease Length(M2m)
  • Tenant Pays: Gas, Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 2500
  • Insurance Expense: 1240
  • Maintenance Expense: 2100
  • Property Net Operating Income: 18840
  • Number Of Units Vacant: 6
  • Total Actual Rent: 30000

Tax Info

  • New Taxes Expense: 1405.14
  • Tax Lot: 4 60 X 120 & PT VAC AL...

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2026 05/05/26 For Sale $210,000 -- $42 / Sq Ft
Source: Ashland Board of REALTORS®

Source: Ashland Board of REALTORS®

MLS Number: 231021

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