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$325,000
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Property Description
Prime 4-Unit Investment Property! This strong-performing 4-unit building, is fully occupied with signed leases in place. Each unit is approximately 857 sq ft and offers 2 bedrooms, 1 bath, living room, kitchen and laundry--all on one level, appealing to long-term tenants and reducing turnover. Investment Highlights:100% occupancy with leases in place, consistent rental income and tenant demand, off-street parking plus patios with privacy fence for all units. Recent Updates include Unit 734 has been remodeled, Unit 736 has new vinyl plank flooring, Driveway replaced (3 years old), Two new attic exhaust fans (2025) and three central air units (2024). This well-maintained property combines stable cash flow with recent upgrades, making it an excellent addition to any investor portfolio.
Full Property Details
Full Property Details for 734-740 W Lake Ave
General
- Sold For: $325,000
- Taxes: $1,828 (2024)
- Status: Closed
- Type: Multi-Family
- Source: 507
- MLS ID: 1040987
- Added to Site: 145 day(s) ago
Exterior
- Exterior Features: Patio
Location
- Area: 195 New Carlisle
- County: Clark
- Driving Directions: Main St to W Lake Ave
School Information
- School District: 1202 Tecumseh LSD
Community
- Community Name: Conventional
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Forced Air, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Supplied Water
Structural Information
- Exterior Const.: Brick
- Square Feet: 3,428
- Year Built: 1970
Lot Features
- Lot Dimensions: .334
Financial Considerations
- Tax Amount: $1,828
- Tax Year: 2024
Disclosures and Reports
- Property ID: 300500035411022
Listed by Erin Norton and Diana Taylor
Sold by Sunny R Dhingra
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Schools
Schools serving 734-740 W Lake Ave
School District:Tecumseh Local School District
| Name | Grades | Distance |
|---|---|---|
New Carlisle Elementary School 1203 Kennison Avenue, New Carlisle, OH 45344 | 4-5 | 0.5 mi |
Tecumseh Middle School 10000 West National Road, New Carlisle, OH 45344 | 6-8 | 2.7 mi |
Park Layne Elementary School 12355 Dille Road, New Carlisle, OH 45344 | K-1 | 3.2 mi |
Tecumseh High School 9830 West National Road, New Carlisle, OH 45344 | 9-12 | 2.8 mi |
Donnelsville Elementary School 150 East Main Street, Donnelsville, OH 45319 | 2-3 | 5.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 734-740 W Lake Ave
Date
Details
Price
Change
Source
10/08/2025
Sold
$325,000
-7.14%
MLS
8/26/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
734-740 W Lake Avenue, New Carlisle, OH 45344 (MLS# 1040987) is a Multi-Family property that was sold at $325,000 on October 08, 2025. Want to learn more about 734-740 W Lake Avenue? Do you have questions about finding other Multi-Family real estate for sale in New Carlisle? You can browse all New Carlisle real estate or contact a Coldwell Banker agent to request more information.

