705 W Elm St Lima, OH 45801
Riverside North NeighborhoodEstimated payment $867/month
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Baseboard Heating
About This Home
Investor Opportunity in Lima: Add this spacious Lima duplex to your investment portfolio! This property features two separate units with a combined 5 bedrooms and 2 full bathrooms, offering excellent rental potential and desirable layouts for tenants. The lower unit offers approximately 1,496 sq. ft. with 3 bedrooms and 1 full bathroom. The unit features a spacious floor plan, hardwood flooring, an updated bathroom, gas forced-air heat, central air, and washer and dryer hookups in the basement. The downstairs unit currently rents for $1,000 per month, with the lease valid through October 2026. The upper unit at 705 1/2 W. Elm St. offers approximately 1,177 sq. ft. with 2 bedrooms and 1 full bathroom. This unit features spacious rooms, an updated bathroom, washer-and-dryer hookups conveniently located near the kitchen, and electric baseboard heat. The upstairs unit currently rents for $800 per month, with the lease valid through March 27, 2027.
Additional features include separate electrical panels for each unit, rear parking access for tenants, a roof and gutters replaced in 2020, and many replacement windows completed in 2019. With $1,800 in combined monthly rental income, this property offers an opportunity for an investor seeking an income-producing duplex in Lima.
Listing Agent
Oakridge Realty & Auction Co. License #SAL.2025002376 Listed on: 09/04/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1920
Home Design
- Brick Exterior Construction
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2,711 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Baseboard Heating
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 36-3609-07-003.000
Map
Home Values in the Area
Average Home Value in this Area
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 | $949 | $25,170 | $2,910 | $22,260 |
| 2024 | $947 | $25,170 | $2,910 | $22,260 |
| 2023 | $1,026 | $23,980 | $2,770 | $21,210 |
| 2022 | $1,031 | $23,980 | $2,770 | $21,210 |
| 2021 | $1,094 | $23,980 | $2,770 | $21,210 |
| 2020 | $816 | $15,510 | $1,610 | $13,900 |
| 2019 | $816 | $15,510 | $1,610 | $13,900 |
| 2018 | $813 | $15,510 | $1,610 | $13,900 |
| 2017 | $819 | $15,510 | $1,610 | $13,900 |
| 2016 | $830 | $15,510 | $1,610 | $13,900 |
| 2015 | $765 | $15,510 | $1,610 | $13,900 |
| 2014 | $765 | $13,970 | $1,650 | $12,320 |
| 2013 | $745 | $13,970 | $1,650 | $12,320 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/05/2026 09/05/26 | Price Changed | $142,000 | -4.1% | $52 / Sq Ft | |
| 09/04/2026 09/04/26 | For Sale | $148,000 | +74.1% | $55 / Sq Ft | |
| 04/09/2021 04/09/21 | Sold | $85,000 | +21.4% | $32 / Sq Ft | View Prior Sale |
| 03/27/2021 03/27/21 | Pending | -- | -- | -- | |
| 03/24/2021 03/24/21 | For Sale | $70,000 | -- | $26 / Sq Ft |
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 |
|---|---|---|---|
| Warranty Deed | $75,000 | None Available | |
| Quit Claim Deed | $21,700 | None Available | |
| Survivorship Deed | $13,500 | Attorney | |
| Deed | $16,197 | -- | |
| Deed | $19,400 | -- |
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 |
|---|---|---|---|
| Open | $498,959 | Credit Line Revolving | |
| Closed | $60,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $34,500 | Credit Line Revolving |
Source: West Central Association of REALTORS® (OH)
MLS Number: 311481
APN: 36-36-09-07-003.000
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