$115,000

831 Franklin Ave Lancaster, OH 43130

Estimated payment $737/month

Total Views 7,795
2 Beds
2.5 Baths
1,092 Sq Ft
$105 Price per Sq Ft

About This Home

Minimum Bid Auction 8/30/2025 at 10:00 AM. Minimum Bid ONLY $115,000. Here's a prime investment opportunity with built-in appeal and expansion potential. This single-story 2-bedroom, 2.5-bath home features a smart layout, a full basement, and a detached 2-car garage-making it an ideal candidate for rental income, resale, or a fix-and-hold strategy. The home includes a private primary suite with its own full bathroom, a second spacious bedroom, and an additional full bath conveniently located off the hallway-perfect for shared living or tenant flexibility. Downstairs, a partially finished basement includes a half bath and adds significant square footage that could be transformed into a recreation room, home office, or even additional bedroom space (with proper egress). The detached 2-car garage and ample yard space offer further upside for tenants or future buyers. Investment Highlights: 2 bedrooms / 2.5 baths Primary suite with en-suite full bath Full hallway bath + basement half bath Full basement with finishing potential Detached 2-car garage Strong rental and resale potential in a desirable area Whether you're looking for your next flip, a cash-flowing rental, or a property with long-term appreciation potential, this one checks all the boxes. Price reflects the starting Auction Bid.

Listing Agent

Seung Woo Normandin

Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,333

Year Built

  • Built in 1979

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • 1,092 Sq Ft Home
  • Ranch Style House
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms

Listing and Financial Details

  • Auction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,333

Year Built

Built in 1979

Lot Details

0

Listing Details

  • HamletID: 0
  • InteriorAmps: 0
  • LandFrontageInFeet: 0
  • LandRentAmount: 0
  • Lot Size Acres: 0.12
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Lancaster
  • Prop. Type: House (Attached)
  • PropertyZipCode: 43130
  • PropertyZoneType: 0
  • Renovation Year: 0
  • ResidentialStyle: Ranch
  • SaleTypeAuction: Yes
  • SForSaleAndRForRental: S
  • USStateAbbreviation: OH
  • Year Built: 1979
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • BasementAreaSquareFootage: 0
  • Fireplaces: 0
  • Number of Rooms: 0
  • AboveArea Sq Ft: 1092

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 2
  • Total Taxes: 0

Tax Info

  • Tax Year: 0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 $5,333 $59,320 $9,950 $49,370
2023 $2,157 $59,320 $9,950 $49,370
2022 $2,166 $59,320 $9,950 $49,370
2021 $1,718 $44,080 $8,340 $35,740
2020 $1,646 $44,080 $8,340 $35,740
2019 $1,565 $44,080 $8,340 $35,740
2018 $1,486 $36,030 $8,340 $27,690
2017 $1,487 $39,760 $8,050 $31,710
2016 $1,448 $39,760 $8,050 $31,710
2015 $1,442 $38,430 $8,050 $30,380
2014 $1,061 $38,430 $8,050 $30,380
2013 $1,061 $38,430 $8,050 $30,380
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2025 08/30/25 Pending -- -- --
07/26/2025 07/26/25 For Sale $115,000 -- $105 / Sq Ft
Source: My State MLS

Purchase History

Date Type Sale Price Title Company
Joint Tenancy Deed $110,000 Attorney
Deed $62,500 --
Deed $55,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $110,000 New Conventional
Closed $105,914 New Conventional
Closed $104,500 Purchase Money Mortgage
Previous Owner $96,000 Unknown
Source: Public Records

Source: My State MLS

MLS Number: 11548627

APN: 05-34028-600