$70,750
$26K PRICE INCREASE

721 E Albert St Lima, OH 45804

Fifth Ward Neighborhood

Estimated payment $415/month

Total Views 9,324
3 Beds
1 Bath
1,386 Sq Ft
$51 Price per Sq Ft

Highlights

  • Main Floor Primary Bedroom
  • Entrance Foyer
  • Baseboard Heating
  • Living Room
  • Level Entry For Accessibility
  • 1.5 Car Garage

About This Home

This tenant-occupied 3-bedroom, 1-bath single-family home offers approximately 1,386 sq ft of living space and steady cash flow potential. Currently rented at $500 per month, the property is operating below market rent, creating an opportunity for future income growth. The home features a practical layout and includes off-street parking. Located near schools, parks, shopping, and major roadways, it offers convenient access for tenants and consistent long-term rental demand. Whether you're building a portfolio or securing a stabilized investment with upside, this property presents reliable value in the Lima rental market.

Listing Agent

Daniel Amaro

Key Realty Brokerage Email: 8775397589, dan.amaro@keysoldgroup.com License #2021008884 Listed on: 04/29/2025

Key Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $488

Year Built

  • Built in 1920

Parking

  • 1.5 Car Garage
  • Open Parking

Home Design

  • Wood Siding

Interior Spaces

  • 1,386 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room
  • Partial Basement
  • Fire and Smoke Detector
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Baseboard Heating

Additional Features

  • Level Entry For Accessibility
  • 7,520 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 47060503033.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$488

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1726
  • Lot Size: 47 x 160
  • Road Surface Type: Paved
  • Directions: turn right off of st johns ave onto s pine st, take a right onto e Albert st
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Structure Type: Onsite Built
  • Year Built: 1920
  • Kitchen Level: Main
  • Attribution Contact: 8775397589, dan.amaro@keysoldgroup.com
  • Special Features: None

Interior Features

  • Has Basement: Partial
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main Level
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Entrance Foyer, Living Room
  • Living Area: 1386
  • Main Level Bedrooms: 1
  • Room Bedroom2 Level: Upper
  • Living Room Living Room Level: Main
  • Room Bedroom3 Area: 120
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 144
  • Room Living Room Area: 100
  • Room Bedroom3 Level: Upper
  • Room Kitchen Area: 144
  • Dining Room Dining Room Level: Main
  • Master Bedroom Master Bedroom Width: 12
  • Room Master Bedroom Area: 144
  • Room Dining Room Area: 120

Exterior Features

  • Lot Features: City Lot
  • Disclosures: Lead Based Paint Disclosure, Property Disclosure
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.5
  • Garage Spaces: 1.5
  • Open Parking: Yes
  • Parking Features: Gravel, 1.5 Car, Garage Detached
  • Total Parking Spaces: 1.5

Utilities

  • Laundry Features: Main
  • Security: Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: Lima

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7520
  • Farm Land Area Units: Square Feet
  • Parcel #: 47060503033.000

Tax Info

  • Tax Annual Amount: 488.32

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $444 $10,750 $1,190 $9,560
2023 $477 $10,220 $1,120 $9,100
2022 $529 $10,220 $1,120 $9,100
2021 $504 $10,220 $1,120 $9,100
2020 $490 $8,790 $1,120 $7,670
2019 $490 $8,790 $1,120 $7,670
2018 $486 $8,790 $1,120 $7,670
2017 $492 $8,790 $1,120 $7,670
2016 $499 $8,790 $1,120 $7,670
2015 $584 $8,790 $1,120 $7,670
2014 $584 $10,360 $1,190 $9,170
2013 $569 $10,360 $1,190 $9,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $70,750 +57.2% $51 / Sq Ft
04/29/2025 04/29/25 For Sale $45,000 -- $32 / Sq Ft
Source: Mansfield Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,061,600 None Listed On Document
Deed $134,211 --
Warranty Deed $134,300 None Available
Special Warranty Deed $19,900 None Available
Sheriffs Deed $26,350 None Available
Deed $25,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner -- No Value Available
Previous Owner $975,000 Construction
Source: Public Records

Source: Mansfield Association of REALTORS®

MLS Number: 9066781

Mansfield Association of REALTORS®

APN: 47-06-05-03-033.000

Ohio Allen County Lima 45804 Fifth Ward

721 E Albert St, Lima, OH

This home is located at 721 E Albert St, Lima, OH 45804 and is currently priced at $70,750, approximately $51 per square foot. This property was built in 1920. 721 E Albert St is a home located in Allen County with nearby schools including Freedom Elementary School, Lima North Middle School, and Lima West Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Mansfield Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Daniel Amaro
Section Image
Key Realty
(419) 573-3219