402-404 E Lawn Ave Urbana, OH 43078
Urbana AreaEstimated payment $1,197/month
Total Views
16
4
Beds
2
Baths
1,440
Sq Ft
$139
Price per Sq Ft
Highlights
- No HOA
- Patio
- 1-Story Property
About This Home
First time on the market in many years, this well maintained double located on the corner of East Lawn Avenue and East Ward Street in Urbana. This property has been a well kept part of the neighborhood for many years, and if you've driven by and admired its appearance, now is your opportunity to own it. Both units are currently occupied by long term tenants, making this a great opportunity for an investor looking to add a solid property to their rental portfolio or for someone looking to start building their investment portfolio. Each unit offers 2 bedrooms and 1 bathroom, providing a comfortable and practical layout for tenants. Both units also feature washer and dryer hookups, while the existing appliances belong to the tenants. The property is heated by gas and does not have central air conditioning. Tenants are responsible for their own electric and gas, while the owner pays the water and sewer, which averages approximately $60-$80 per month. There are 2 off Street parking spaces. Several important updates have already been completed, helping provide peace of mind for the next owner. The metal roof was replaced in 2018, the water heater in Unit 402 was replaced in 2023 and a new water/sewer line was installed from the curb in 2024. The property has been cared for over the years and offers the benefit of having both units occupied. The tenants have also demonstrated long term stability, with the tenant in Unit 402 having been there for approximately 5 years and the tenant in Unit 404 for approximately 6 years. Current rents have not been increased since the tenants moved in and are considered to be on the low side for the community, offering a potential opportunity for future rental income growth for the new owner. Whether you're an experienced investor looking to expand your rental holdings or someone ready to take the first step into real estate investing, this 2 unit apartment offers an excellent opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,130
Year Built
- Built in 1950
Parking
- No Garage
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 1,440 Sq Ft Home
- 1-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Heating System Uses Natural Gas
- Natural Gas Connected
Additional Features
- Patio
- Lot Dimensions are 100x42
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number K482500031302700
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 09/04/2026 09/04/26 | For Sale | $199,900 | -- | $139 / Sq Ft |
Source: Western Regional Information Systems & Technology (WRIST)
About the Listing Agent
As real estate professionals in Urbana, OH, we have in depth local knowledge and can provide you with the information you need on home buying, home selling, financing and owning real estate in Champaign, Clark, Logan, Union Counties and surrounding areas. Contact The V. Patrick Hamilton Group for all your real estate needs.
Patrick's Other Listings
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$1,000
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- 1 Bath
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- 133 1/2 E Court St
- Urbana, OH
Second Level Apartment for Rent - Tenant pays Electric, Gas, Internet and/or Cable - Must be put in their name. Water, Sewer & Trash included. Appliances Included: Dishwasher, Microwave, Range, Refrigerator, Washer & Dryer. First month's rent and deposit equal to rent due at lease signing.
Patrick Hamilton RE/MAX Alliance Realty
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$809,900
- 14 Beds
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- 620 Hagenbuch St
- Urbana, OH
This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings
Patrick Hamilton RE/MAX Alliance Realty
Source: Western Regional Information Systems & Technology (WRIST)
MLS Number: 1048221
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