About 705 W Elm Street
Investor opportunity in Lima -- this duplex offers solid income potential and plenty of space for tenants. The lower unit features approximately 1,496 sq. ft. with 3 bedrooms and 1 full bath. Inside, you'll find a spacious layout, hardwood flooring, an updated bathroom, central air, and gas forced-air heat. Washer and dryer hookups are located in the basement. The downstairs unit currently rents for $1,000 per month. The upper unit, located at 705 1/2 W. Elm St., offers approximately 1,177 sq. ft. with 2 bedrooms and 1 full bath. This unit includes large living spaces, an updated bathroom, washer and dryer hookups near the kitchen area, and electric baseboard heat. The upstairs unit currently rents for $800 per month. Additional features include separate electric panels for each unit, rear parking access for tenants, a newer roof and gutters installed in 2020, and many replacement windows completed in 2019. A great opportunity to expand your investment portfolio with a property that already has strong rental income potential
Features of 705 W Elm Street
| MLS® # | 310281 |
|---|---|
| Price | $142,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,711 |
| Year Built | 1920 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | 2 Story |
| Status | Active |
Community Information
| Address | 705 W Elm Street |
|---|---|
| City | Lima |
| County | Allen |
| State | OH |
| Zip Code | 45801 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Forced Air, Electric |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Block |
Exterior
| Foundation | Other |
|---|
School Information
| District | Lima |
|---|
Additional Information
| Date Listed | May 18th, 2026 |
|---|---|
| Days on Market | 72 |
| Zoning | Residential |
| RE / Bank Owned | No |
Listing Details
| Agent | Lindsay Miller |
|---|---|
| Office | Oakridge Realty & Auction Co. |