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Lima, OH Multifamily Homes & Duplexes for Sale
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$580,000
- 18 Beds
- 10 Baths
9 Unit Real Estate Package, Lima, OH 45804
9 Unit Real Estate Package, Lima, OH 45804 -
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$170,000 Coming Soon
- 4 Beds
- 2 Baths
- 2,047 Sq Ft
307 Harrison Ave, Lima, OH 45804
307 Harrison Ave, Lima, OH 45804
About Lima
Miles from Ohio’s metropolitan areas lies Lima, a tiny city centered on the intersection of state routes 65 and 81. Small businesses and locally owned restaurants cling to these thoroughfares for a few blocks in each direction, after which small homes dot the landscape for a 2-mile radius. “There’s just a lot downtown,” says Realtor Sheila Custer of Howard Hanna Real Estate Services. Lima retains its small town-feel with an involved and well-funded set of neighborhood associations and nonprofits, such as the West Ohio Food Bank and the Heartbea ...
Home Trends in Lima, OH
On average, homes in Lima, OH sell after 28 days on the market compared to the national average of 47 days. The average sale price for homes in Lima, OH over the last 12 months is $202,488, up 6% from the average home sale price over the previous 12 months.
Home Trends
Median Price (12 Mo)
$175,000
Median Single Family Price
$180,000
Median Townhouse Price
$193,600
Median 2 Bedroom Price
$152,000
Median 1 Bedroom Price
$69,250
Average Price Per Sq Ft
$122
Number of Homes for Sale
125
Last 12 months Home Sales
894
Months of Supply
1.70
Median List Price
$184,900
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
4%
In Lima, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $99,900 to $580,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Lima is $184,900, while the average sale price is $202,488, offering insights into the local housing market. On average, multi-family homes spend 28 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Lima, OH.
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