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Central Lima Homes for Sale

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  • 854 W Wayne St, Lima, OH 45801
    854 W Wayne St, Lima, OH 45801
    854 W Wayne St, Lima, OH 45801
    /31

    $115,000

    • 3 Beds
    • 2 Baths
    • 1,409 Sq Ft

    854 W Wayne St, Lima, OH 45801

    Looking for a solid addition to your portfolio or your next flip project? This 1914-built traditional two-story home in Lima offers the perfect 'bones' and the most desirable rental configuration: 3 Bedrooms and 2 Full Bathrooms. At 1,409 square feet, this property provides a substantial footprint that is easy to manage but large enough to command top-tier market rents or a strong resale price.

    Kate Shulaw KW Greater Columbus Realty

    854 W Wayne St, Lima, OH 45801
  • 618 Woodward Ave, Lima, OH 45805
    618 Woodward Ave, Lima, OH 45805
    618 Woodward Ave, Lima, OH 45805
    /9

    $109,900

    $30K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,190 Sq Ft

    618 Woodward Ave, Lima, OH 45805

    Welcome to your dream home, exquisitely remodeled to perfection! Embrace year-round comfort with a brand-new furnace and air conditioning system, ensuring the perfect indoor climate regardless of the weather. Enjoy uninterrupted hot water and enhanced energy efficiency with a top-of-the-line water heater. Your home is safeguarded by a durable, freshly replaced roof built to withstand the harshest

    Tim Stanford Superior Plus Realtors

    618 Woodward Ave, Lima, OH 45805
  • 1160 Richie Ave, Lima, OH 45805
    1160 Richie Ave, Lima, OH 45805
    /2

    $139,900

    • 4 Beds
    • 1 Bath
    • 1,320 Sq Ft

    1160 Richie Ave, Lima, OH 45805

    Welcome to 1160 Richie Ave. This all brick two story home features a covered front porch and large fenced backyard; 4 bedrooms, 1 bath with large dining room and open kitchen offer generous living space. This property combines historic character with modern updates. Come check it out!

    Molly Blodgett Cowan, Realtors

    1160 Richie Ave, Lima, OH 45805
  • 949 Leland Ave, Lima, OH 45805
    949 Leland Ave, Lima, OH 45805
    949 Leland Ave, Lima, OH 45805
    /14

    $89,000

    $34K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,136 Sq Ft

    949 Leland Ave, Lima, OH 45805

    Investors! TURNKEY, tenant occupied property! Ready to go! This 3 bedroom, one full bath home is ready for a new owner! Excellent tenant! $1100/month cash income plus tenant pays gas/electric. This home offers 1136 square feet with plenty of space! Main level offers a large kitchen with dinette area, dining room, living room and closet areas! Second level offers 2 nice sized bedrooms, a full

    Leilani Bowersock Coldwell Banker Schmidt Realty

    949 Leland Ave, Lima, OH 45805
  • 1209 Rice Ave, Lima, OH 45805
    1209 Rice Ave, Lima, OH 45805
    1209 Rice Ave, Lima, OH 45805
    /14

    $89,000

    $26K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,548 Sq Ft

    1209 Rice Ave, Lima, OH 45805

    Investors! Look at this Turnkey 3 Bedroom, one full bath Colonial! Tenant occupied at $1100/month plus tenant pays their own gas/electric! Updates include: Siding, LVP flooring in kitchen, hot water tank, new electrical panel/wiring, hardwood floors refinished, interior paint, ceilings redone, Bathroom remodel with new LVP flooring/paint/tub surround/toilet, interior light fixtures, and third

    Leilani Bowersock Coldwell Banker Schmidt Realty

    1209 Rice Ave, Lima, OH 45805
  • 703 N Collett St, Lima, OH 45805
    703 N Collett St, Lima, OH 45805
    703 N Collett St, Lima, OH 45805
    /16

    $89,000

    $20K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,151 Sq Ft

    703 N Collett St, Lima, OH 45805

    Investors! Look at this Turnkey 3 Bedroom, one full bath property! Tenant occupied at $1300/month plus tenant pays their own gas/electric! 1151 square feet/ Updates include: interior paint, hardwood floors refinished, hot water tank, electrical panel, bathroom renovated with newer LVP flooring/sink/toilet, interior paint! Roof year unknown, no leaks. Furnace within 10 years. Woodburning Fireplace

    Leilani Bowersock Coldwell Banker Schmidt Realty

    703 N Collett St, Lima, OH 45805
  • 1031 Richie Ave, Lima, OH 45805
    1031 Richie Ave, Lima, OH 45805
    1031 Richie Ave, Lima, OH 45805
    /28

    $339,900

    New Construction $3K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,456 Sq Ft

    1031 Richie Ave, Lima, OH 45805

    Step into this beautifully crafted 2026 new construction home by K and M Contracting, built to deliver both style and everyday functionality. This home offers a bright, open layout with plenty of space to live, relax, and entertain. The main living areas flow effortlessly together. At the center of it all is a modern kitchen design for convenience and style, featuring all appliances included. The

    Brooke Hanneman Vision Point Realty LLC

    1031 Richie Ave, Lima, OH 45805
  • 1023 Leland Ave, Lima, OH 45805
    1023 Leland Ave, Lima, OH 45805
    1023 Leland Ave, Lima, OH 45805
    /56

    $250,000

    $5K PRICE INCREASE Coming Soon
    • 5 Beds
    • 2 Baths
    • 2,349 Sq Ft

    1023 Leland Ave, Lima, OH 45805

    AVAILABLE FOR SHOWINGS ON 06/05/2026. CONTINGENT UPON SELLERS FINDING SUITABLE HOUSING! Step into this stunning Victorian home, filled with timeless charm and character. From the moment you walk through the door, you're greeted by rich woodwork, original details, and the kind of craftsmanship that simply can't be replicated today. Featuring 4-5 spacious bedrooms, 2 full baths, a walk-up attic,

    Lisa Cummins LPT Realty

    1023 Leland Ave, Lima, OH 45805
  • 503 N Charles St, Lima, OH 45805
    503 N Charles St, Lima, OH 45805
    503 N Charles St, Lima, OH 45805
    /19

    $74,000

    $11K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,708 Sq Ft

    503 N Charles St, Lima, OH 45805

    Investors! OR Homeowners that love a remodeling project! Look at this value add investment project property or home ready for your creative renovations! This 3 bedroom, TWO full bath home offers 1708 square feet on a 50 x 72 lot! Improvements include: Newer siding, gutters, updated electrical panel, furnace and hot water tank! Priced to sell, no seller financing. Great hardwood floors on main

    Leilani Bowersock Coldwell Banker Schmidt Realty

    503 N Charles St, Lima, OH 45805
  • 508 N Collett St, Lima, OH 45805
    508 N Collett St, Lima, OH 45805
    508 N Collett St, Lima, OH 45805
    /23

    $59,000

    $10K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 945 Sq Ft

    508 N Collett St, Lima, OH 45805

    Investors! Look at this great value add property, great ARV- ready for your updates! This Conventional style 3 bedroom, one full bath home offers a space with a great layout, nice sized yard and lots of potential! The main level offers nice hardwood floors in entryway, living room and dining room! Large kitchen offers space for a dinette area! The second level has 3 nice sized bedrooms and a full

    Leilani Bowersock Coldwell Banker Schmidt Realty

    508 N Collett St, Lima, OH 45805
  • 615 N Collett St, Lima, OH 45805
    615 N Collett St, Lima, OH 45805
    615 N Collett St, Lima, OH 45805
    /14

    $59,000

    $11K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,404 Sq Ft

    615 N Collett St, Lima, OH 45805

    Investors! Look at this value add investment project property ready for your renovations! This 3 bedroom, one full bath home offers 1404 square feet on a 40 x 86 lot! Plenty of space! Quiet Street! Priced to sell, no seller financing. Ask us about the OTHER 16 value add properties for sale in the area that are similar and can be bundled for purchase in groups or portfolio! AS IS. Great area and

    Leilani Bowersock Coldwell Banker Schmidt Realty

    615 N Collett St, Lima, OH 45805
  • 513 N Charles St, Lima, OH 45805
    513 N Charles St, Lima, OH 45805
    513 N Charles St, Lima, OH 45805
    /16

    $59,000

    $8K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 980 Sq Ft

    513 N Charles St, Lima, OH 45805

    Investors! Finish off this value add property to your liking! This 3 bedroom, one full bath home offers 980 square feet and a 50 x 107 lot! Fantastic ARV value! Roof year unknown, no leaks. Nice Long Driveway! Partially fenced in back yard! Selling AS IS, Where Is. No Seller financing. Close to downtown Lima, parks, restaurants, shopping, hospital, freeway access and more! There are 27 other

    Leilani Bowersock Coldwell Banker Schmidt Realty

    513 N Charles St, Lima, OH 45805
  • 616 N Rosedale Ave, Lima, OH 45805
    616 N Rosedale Ave, Lima, OH 45805
    616 N Rosedale Ave, Lima, OH 45805
    /15

    $58,900

    • 2 Beds
    • 1 Bath
    • 916 Sq Ft

    616 N Rosedale Ave, Lima, OH 45805

    A Ranch style detached dwelling with 2 bedrooms and 1 bathroom, a covered entry, living room, kitchen. and an attached 24x24 garage. All offers must have a minimum ED of $1000. Plus, proof of funds or pre-qualification letter. Sold ''as is''.

    Ron Snyder Premier Properties

    616 N Rosedale Ave, Lima, OH 45805
  • 0 Latham, Lima, OH 45805
    0 Latham, Lima, OH 45805
    /2

    $10,000

    • Land
    • 7,405 Sq Ft
    • $58,824 per Acre

    0 Latham, Lima, OH 45805

    Vacant Lot for development for an investor. call me today to view

    Ann Trueblood-Stiles CCR Realtors

    0 Latham, Lima, OH 45805
  • 431 N Metcalf St, Lima, OH 45801
    431 N Metcalf St, Lima, OH 45801
    431 N Metcalf St, Lima, OH 45801
    /27

    $59,000

    $16K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 1,513 Sq Ft

    431 N Metcalf St, Lima, OH 45801

    Look at this beautiful 4 bedroom, 2 full bath home- ready for your renovation completion! A lot of work has already been completed! Grand layout! Corner lot, combination vinyl and wood siding, large front patio! Garage area was prior converted into an additional room area/ can be converted back! Some newer pex plumbing and light fixtures! 4 spacious bedrooms, 2 full baths, nice sized living room

    Leilani Bowersock Coldwell Banker Schmidt Realty

    431 N Metcalf St, Lima, OH 45801
  • 524 N Jameson Ave, Lima, OH 45805
    524 N Jameson Ave, Lima, OH 45805
    524 N Jameson Ave, Lima, OH 45805
    /39

    $359,900

    New Construction
    • 4 Beds
    • 2.5 Baths
    • 1,868 Sq Ft

    524 N Jameson Ave, Lima, OH 45805

    Welcome to this beautifully crafted new construction home by K and M Contracting featuring 4 bedrooms and 2.5 bathrooms with a thoughtfully designed layout that offers both comfort and functionality. This home showcases quality craftsmanship throughout with spacious living areas, a stunning kitchen, well-appointed bedrooms, and carefully selected finishes designed to make everyday living feel

    Brooke Hanneman Vision Point Realty LLC

    524 N Jameson Ave, Lima, OH 45805
Ohio Allen County Lima Central Lima

Real Estate & Homes for Sale in Central Lima, Lima

Why Live in Central Lima
Central Lima is known for its affordable housing and favorable location. The residential grid features narrow sidewalks and lots averaging less than one-tenth of an acre. Bungalows and cottages, most of which offer three bedrooms and 1,000 to 1,500 square feet of living space, make up the housing blend. Homes are packed closely together and often lack garages and other amenities, but prices are competitive, and residents are within 1 mile of downtown. Dining options include Ginger Asian Kitchen, Jerry's Deli, Lee's Famous Recipe Chicken and Dairy Queen, and Pappy's Lounge provides an evening karaoke spot. Grocery options are limited to J & E Haitian Caribbean Store and Dollar General for household items. Baxter Park, a small field suitable for picnics, is located immediately west of the neighborhood, while Faurot Park, nearly a mile south, offers a playground, dog-walking paths and skateboarding areas. The neighborhood is somewhat walkable, and Allen County Regional Transit Authority bus routes run along Route 81 and Market Street, offering a 10-minute ride to the city center, about 2 miles away. The same drive takes roughly five minutes by car. Recent improvements have been made to the wastewater treatment system.
Learn more about living in Central Lima

Frequently Asked Questions

Is Central Lima a good place to live?
Central Lima is a good place to live. Central Lima is considered somewhat walkable and somewhat bikeable with some transit options. Central Lima has 6 parks for recreational activities. It has a median age of 32. The average household income is $43,029 which is below the national average. College graduates make up 9.6% of residents. A majority of residents in Central Lima are renters, with 58.4% of residents renting and 41.6% of residents owning their home. A local real estate agent serving Central Lima can help you decide if this neighborhood is the right one for you. Learn more on our Central Lima neighborhood guide.
Is Central Lima, OH a safe neighborhood?
Central Lima, OH is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Central Lima?
The median home price in Central Lima is $121,250. If you put a 20% down payment of $24,200 and had a 30-year fixed mortgage with an interest rate of 6.51%, your estimated principal and interest payment would be $610 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $26K a year to afford the median home price in Central Lima. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Central Lima is $43K.
What are the best public schools in Central Lima?
The best public schools that serve Central Lima are:
What are the best private schools in Central Lima?
The best private schools that serve Central Lima are:
What are the most popular zip codes in Central Lima, Lima, OH?
The most popular zip codes in Central Lima, Lima, OH include 45805, 45801, 45804, 45807 and 45806.
What are the most popular neighborhoods near Central Lima, Lima, OH?
The most popular neighborhoods near Central Lima, Lima, OH are Westgate, Riverside North, Lakewood West, Fifth Ward and Northside Lima.

Home Trends in Central Lima, OH

On average, homes in Central Lima, Lima sell after 41 days on the market compared to the national average of 58 days. The median sale price for homes in Central Lima, Lima over the last 12 months is $115,000, up 14% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$115,000
Median Single Family Sale Price
$113,000
Median Townhouse Sale Price
$83,750
Average Price Per Sq Ft
$82
Number of Homes for Sale
15
Last 12 months Home Sales
31
Months of Supply
5.80
Median List Price
$121,250
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
14%
How to Buy a Home How to Finance a Home How to Sell a Home

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