$226,000

Estimated payment $1,512/month

-- Beds
-- Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

126/128 Union St, Lancaster, OH 43130. Great opportunity to add a duplex to your investment portfolio in Lancaster! This property features two spacious 2-bedroom, 1-bath units, offering flexibility for both investors and owner-occupants. The upstairs unit is currently tenant-occupied, providing immediate rental income, while the downstairs unit is vacant, recently improved, and ready for its next tenant. This setup gives a new owner the opportunity to place their own tenant and establish rental terms for the vacant unit. Or live in one unit while generating income from the other. Whether you're looking to expand your rental portfolio or get started with an owner-occupied investment property, 126/128 Union Street offers excellent income-producing potential in Lancaster. The downstairs unit is freshly painted with new vinyl plank flooring and carpet. New appliances: Two units | 2 beds & 1 bath each | Tenant-occupied upper unit | Improved & rent-ready lower unit

Listing Agent

Beth Wills

Rock House Realty LLC License #2023006860 Listed on: 09/28/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 0532038900

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,000
  • Gross Income $16,800
  • Net Operating Income $9,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Year Built: 1900
  • Tax Year: 2025
  • Property Sub-Type: Duplex
  • Lot Size Acres: 0.17
  • Total Gross Income: 16800.0
  • Co List Office Phone: 614-245-8267
  • MLS Status: Active
  • Standard Status: Active
  • Remarks Misc Hot Sheet Comments: new
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features:Parking Features: 2 Off Street, On Street

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Water Source: Public
  • Heat Fuel: Gas

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 0532038900
  • Lot Size Sq Ft: 7405.2
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 2
  • Net Operating Income: 9800.0
  • Annual Operating Expense: 7000.0

Tax Info

  • Tax Annual Amount: 6544.72

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/28/2026 09/28/26 For Sale $226,000 -- --
Source: Columbus and Central Ohio Regional MLS

Source: Columbus and Central Ohio Regional MLS

MLS Number: 226036821

Columbus and Central Ohio Regional MLS
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