632 N Broad St Lancaster, OH 43130
Estimated payment $2,525/month
About This Home
Discover a unique investment opportunity with this versatile, fully renovated property that offers both residential income and commercial potential. The ground level is a standout feature—completely updated and beautifully finished, it presents a flexible space that could be utilized as a high-end commercial storefront, office, or converted into additional residential living. Whether you're envisioning a boutique, studio, or luxury apartment, the options are endless with this stylish and functional space.Upstairs, the property is already generating steady income with two well-maintained long-term rental units, both currently occupied by reliable tenants. This turnkey setup allows for immediate cash flow, making it ideal for investors or owner-occupiers looking to offset costs. The configuration offers privacy and separation between the levels, enhancing the appeal for both commercial and residential uses.Additional amenities include ample off-street parking—an increasingly rare find—which comfortably accommodates residents, visitors, or clients. Located in a desirable area with access to local shops, dining, and more, this property combines location, flexibility, and modern updates into one compelling package.Whether you're an investor seeking a multi-use income property or an entrepreneur looking for a place to live and work, this property offers boundless possibilities. Don't miss the chance to make this adaptable and stylish building part of your portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,560
Year Built
- Built in 1900
Lot Details
- 7,841 Sq Ft Lot
Home Design
- 4,512 Sq Ft Home
- Brick Exterior Construction
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 05-33168-400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $4,509 | $50,150 | $8,190 | $41,960 |
| 2023 | $2,551 | $50,150 | $8,190 | $41,960 |
| 2022 | $2,572 | $50,150 | $8,190 | $41,960 |
| 2021 | $1,777 | $44,550 | $8,190 | $36,360 |
| 2020 | $1,704 | $44,550 | $8,190 | $36,360 |
| 2019 | $1,622 | $44,550 | $8,190 | $36,360 |
| 2018 | $1,756 | $48,910 | $8,190 | $40,720 |
| 2017 | $1,757 | $45,780 | $4,870 | $40,910 |
| 2016 | $1,712 | $45,780 | $4,870 | $40,910 |
| 2015 | $1,695 | $43,980 | $4,870 | $39,110 |
| 2014 | $1,617 | $43,980 | $4,870 | $39,110 |
| 2013 | $1,617 | $43,980 | $4,870 | $39,110 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $415,000 | +88.6% | $92 / Sq Ft |
| 01/28/2022 01/28/22 | Sold | $220,000 | -4.3% | $64 / Sq Ft |
| 11/15/2021 11/15/21 | Price Changed | $229,900 | -8.0% | $67 / Sq Ft |
| 11/07/2021 11/07/21 | Price Changed | $250,000 | -8.9% | $72 / Sq Ft |
| 10/22/2021 10/22/21 | Price Changed | $274,500 | -8.3% | $79 / Sq Ft |
| 10/11/2021 10/11/21 | For Sale | $299,500 | -- | $87 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | Chicago Title | |
| Warranty Deed | -- | Chicago Title | |
| Deed | $71,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $227,500 | Credit Line Revolving | |
| Previous Owner | $50,000 | Commercial | |
| Previous Owner | $142,400 | Commercial | |
| Previous Owner | $85,000 | New Conventional |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225017729
APN: 05-33168-400
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