330 Park Street, Lancaster, OH 43130

$188,000
Property Type: Multi-Family Lot Size (sq. ft.): 6,098 Status: Active
Current Price: $188,000 List Date: 1/13/2026 Last Modified: 2/11/2026

Description

If you've been waiting on a real value-add opportunity in Lancaster, this is one worth your attention. This duplex sits in a location tenants consistently want — close to shopping, schools, restaurants, and main travel routes — which is exactly what protects long-term occupancy and rent growth. The bones are there. The location is right. What it needs now is the work. This property does require significant renovation, but that's where the margin lives. With proper rehab, the projected gross rental income is approximately $2,000+ per month, making this an excellent repositioning play for investors who understand how to create equity and lock in strong cash flow. Two units under one roof means: Diversified income Lower vacancy risk Simpler management Better long-term appreciation This is not a turnkey property — and it's not priced like one. It's a chance to step into Lancaster, improve the asset, and build real equity the way rental portfolios were built long before over-priced flips became the norm. Buy it right. Renovate it smart. Let it perform.

Supplements: ********

More Information MLS# 226001129

Location & Property Info

List Price/SqFt: 105.86 City (Mailing Addr): Lancaster Corp LimitPerAuditor: Lancaster

Office/Contract Info

For Sale: Yes Exchange: No

General Property Info

Built Prior to 1978: Yes Building Sqft: 1776 Lot Size (Side): 144 Number of Units: 2 Year Built: 1900 Acreage: 0.14

Tax Info

Tax Abatement: No Taxes (Yrly): 2201 Parcel #: 05-32080-100 Tax Year: 2024

Remarks & Misc

Property Description: If you've been waiting on a real value-add opportunity in Lancaster, this is one worth your attention. This duplex sits in a location tenants consistently want — close to shopping, schools, restaurants, and main travel routes — which is exactly what protects long-term occupancy and rent growth. The bones are there. The location is right. What it needs now is the work. This property does require significant renovation, but that's where the margin lives. With proper rehab, the projected gross rental income is approximately $2,000+ per month, making this an excellent repositioning play for investors who understand how to create equity and lock in strong cash flow. Two units under one roof means: Diversified income Lower vacancy risk Simpler management Better long-term appreciation This is not a turnkey property — and it's not priced like one. It's a chance to step into Lancaster, improve the asset, and build real equity the way rental portfolios were built long before over-priced flips became the norm. Buy it right. Renovate it smart. Let it perform.

Income/Expenses

Gross Income: 0 Net Operating Income: 0 Total Expenses: 0

Addl Acceptance Cond

None Known: 1

Auction Info

Auction/Online Bidding Y/N: No

MLS Primary PhotoSrc

Realtor Provided: 1

Location Property Info

Original List Price: 188000 List Price: $188,000 Property Sub Type: Duplex Street #: 330 Street Name: Park Street Suffix: Street County: Fairfield State: OH Zip Code: 43130 School District: LANCASTER CSD 2305 FAI CO. Township: None

OfficeContract Info

Status: Active MLS Entry Date: 2026-01-13

Property Features

Addl Acceptance Cond: None Known MLS Primary PhotoSrc: Realtor Provided
Listing Office: BARTLETT BENNER REALTY
Listing Agent: Keith Dwyer
Last Updated: February - 11 - 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.