Jared West
Real of Ohio
(380) 205-9886
63 Total Sales
1 in Lancaster
$370,000 Price
1708 Graylock St Lancaster, OH 43130
Lancaster Area
--
Beds
--
Baths
3,600
Sq Ft
6,534
Sq Ft Lot
Highlights
- Public Transportation
- Central Air
- Heat Pump System
About This Home
As of August 2026Whether you're looking to expand your portfolio or complete a 1031 exchange, this well-maintained four-unit property offers the combination every investor is searching for... stable occupancy today with room to increase tomorrow's returns.
Each of the four units features 900 square feet of living space with two bedrooms, one bathroom, and the convenience of an in-unit washer and dryer. Tenants enjoy separately metered electric and water service while paying all utilities, helping keep operating expenses low and predictable.
The property has been consistently well maintained, with many major mechanical updates completed within the past five years. Even more impressive, the building has remained fully occupied with a waiting list whenever a unit becomes available, demonstrating strong rental demand in the area.
Current rents are $800 per month per unit, with all leases converting to month-to-month at the end of August 2026. For investors seeking value-add potential, comparable two-bedroom units in the area are leasing between $1,000 and $1,200 per month, providing an opportunity to increase income over time.
Whether you choose to maintain the property's outstanding occupancy history or implement a strategic rent growth plan, this is a rare opportunity to acquire a professionally maintained asset with proven performance and significant upside.
Showings will be allowed within 48 hours of accepted offer.
Last Agent to Sell the Property
Keller Williams Consultants License #2012000287 Listed on: 07/10/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,354
Year Built
- Built in 1994
Home Design
- 3,600 Sq Ft Home
- Vinyl Siding
Parking
- 8 Parking Spaces
- No Garage
- On-Street Parking
Utilities
- Central Air
- Heat Pump System
Additional Features
- Washer and Dryer Hookup
- 6,534 Sq Ft Lot
Listing and Financial Details
- Tenant pays for electricity, sewer, water
- The owner pays for trash collection
- Assessor Parcel Number 05-31085-400
Community Details
Building Details
- Operating Expense $14,079
- Gross Income $40,131
- Net Operating Income $26,052
Additional Features
- 4 Units
- Public Transportation
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lancaster, OH
-
Jared West
-
Robert Gordon
Robert Gordon
Keller Williams Greater Cols
(866) 621-5751
25 Total Sales
1 in Lancaster
$200,000 Price
-
Debra McNichols
Debra McNichols
RE/MAX Connection
(380) 800-6336
137 Total Sales
2 in Lancaster
$265K - $300K Price Range
-
Micah Myers
Micah Myers
Town & Country
(740) 647-5013
118 Total Sales
1 in Lancaster
$200,000 Price
-
Deanna Stevens
Deanna Stevens
Heart State Realty LLC
(740) 908-8337
81 Total Sales
1 in Lancaster
$279,000 Price
-
Sherry Looney
Sherry Looney
Howard Hanna Real Estate Services
(740) 318-0797
504 Total Sales
77 in Lancaster
$30K - $455K Price Range
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Survivorship Deed | $227,000 | -- | |
| Warranty Deed | $216,500 | Hocking Valley Title Agency | |
| Deed | $7,000 | -- |
Source: Public Records
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $170,250 | Purchase Money Mortgage | |
| Previous Owner | $184,000 | Purchase Money Mortgage |
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 |
|---|---|---|---|---|
| 08/28/2026 08/28/26 | Sold | $397,000 | -0.8% | $110 / Sq Ft |
| 07/10/2026 07/10/26 | For Sale | $400,000 | -- | $111 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
Tax 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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,426 | $82,600 | $11,110 | $71,490 |
| 2024 | $6,619 | $73,630 | $9,460 | $64,170 |
| 2023 | $3,745 | $73,630 | $9,460 | $64,170 |
| 2022 | $3,776 | $73,630 | $9,460 | $64,170 |
| 2021 | $3,801 | $72,060 | $7,890 | $64,170 |
| 2020 | $3,675 | $72,060 | $7,890 | $64,170 |
| 2019 | $3,528 | $72,060 | $7,890 | $64,170 |
| 2018 | $3,727 | $77,970 | $7,230 | $70,740 |
| 2017 | $3,718 | $77,970 | $7,230 | $70,740 |
| 2016 | $3,592 | $77,970 | $7,230 | $70,740 |
| 2015 | $3,628 | $77,970 | $7,230 | $70,740 |
| 2014 | $3,467 | $77,970 | $7,230 | $70,740 |
| 2013 | $3,467 | $77,970 | $7,230 | $70,740 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffrey Messmer
Seller's Agent in 2026
Jeffrey Messmer
Keller Williams Consultants
(614) 565-6858
116 Total Sales
-
Lori Lynn
Buyer's Agent in 2026
Lori Lynn
Keller Williams Consultants
(614) 395-9628
674 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226025606
APN: 053-10854.00
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