Condo Investment Properties for Sale in Lima, OH
613- 3 Bed
- 2 Bath
- 1615 sft
667- 3 Bed
- 2 Bath
- 1632 sft
514- 2 Bed
- 2 Bath
- 1260 sft
59- 2 Bed
- 1 Bath
- 918 sft
Why Invest in Lima, Ohio?
Lima, OH offers strong potential for condo investors seeking affordable entry points in a stable Midwest market. With low median home prices around $108K-$146K, condos provide accessible opportunities for rental income generation. Renter-occupied rates support steady demand, complemented by cap rates near 8-10% and average rents of $900 monthly. Annual appreciation hovers at 3-5%, bolstered by improving Ohio housing momentum into 2026. Cash flow averages $400 per unit, ideal for passive income strategies.
Frequently Asked Questions
Yes, with average rents at $900 and cap rates around 9%, condos offer solid cash flow in a renter-heavy market. Low entry prices under $150K make them accessible. Demand persists due to local jobs and affordability.
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