Multi Family Investment Properties for Sale in Lima, OH

Property at 2448-2450 Penny Lee Dr, Lima, OH
$ 260,000
ROI
21.0ROI percentage
Cash Flow/m
Dollar sign90
  • 4 Bed
  • 4 Bath
  • 2670 sft
2448-2450 Penny Lee Dr, Lima, OH, 45805
Property at 230-234 N Woodlawn Ave, Lima, OH
Currently Rented
$ 110,000
ROI
33.5ROI percentage
Cash Flow/m
Dollar sign419
  • 6 Bed
  • 2 Bath
  • - sft
230-234 N Woodlawn Ave, Lima, OH, 45805
Property at 842 W Wayne St, Lima, OH
$ 135,000
ROI
33.8ROI percentage
Cash Flow/m
Dollar sign528
  • 7 Bed
  • 3 Bath
  • - sft
842 W Wayne St, Lima, OH, 45801
Property at 942 Rice Ave, Lima, OH
$ 110,000
ROI
32.6ROI percentage
Cash Flow/m
Dollar sign393
  • 4 Bed
  • 2 Bath
  • - sft
942 Rice Ave, Lima, OH, 45805

Why Invest in Lima, Ohio?

Multi-family properties in Lima, OH offer strong investment potential with affordable entry points and steady rental demand. Average rents support solid cash flows, bolstered by a renter-occupied rate around 40%. Cap rates hover near 8-10% due to low acquisition costs, while modest appreciation provides long-term upside. Economic stability from manufacturing anchors tenant reliability in this Midwest market. Investor focus on value-add opportunities can enhance returns amid improving Ohio housing momentum.

9.5%
Avg. ROI
8.2%
Rental Yield
9.1%
Cap Rate
$450/mo
Avg. Cash Flow
$825/mo
Avg. Rent
4.2%
1Y Appreciation

Frequently Asked Questions

Lima offers low entry costs around $140k median with high cap rates of 9%+. Steady manufacturing jobs ensure reliable tenants. Improving Ohio market trends boost long-term appreciation.

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