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$297,000

  • For Sale
  • Active
  • Triplex
  • 6 Beds
  • 3 Full Baths
  • 2,500 Sq. Ft.
  • 0.15 Acres
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For sale in New Lexington, Ohio: a fully renovated 3-unit property offering an exceptional income-generating opportunity. This turnkey investment includes a duplex and a charming rear cottage-style unit, each with its own distinctive character. Renovated just two years ago, all units feature brand-new HVAC systems, modern finishes, and updated utilities. With a strong rental history, all three units have been continuously leased since the renovation, and three active leases are currently in place. Side A of the duplex will become available at the end of August, presenting a perfect chance to re-rent for additional income or occupy as an owner-investor. Each unit is individually metered for gas, water, and electric, simplifying expense management. The property spans two parcels-one for the duplex and one for the cottage-offering flexibility for future development or resale. Located near schools, a public park, basketball court, and swimming pool, this property is highly attractive to families and long-term tenants. Move-in ready and poised for steady cash flow with potential for growth, this is a must-see for serious investors. Schedule a showing today!

Full Property Details for 500 Eastern Ave

General

  • Price: $297,000
  • Taxes: $1,238 (2024)
  • Status: Active
  • Type: Triplex
  • Source: 505
  • MLS ID: 5149912
  • Updated: 11/14/2025
  • Added to Site: 92 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)
  • Appliances: Dryer, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Laundry Room, In Unit

Additional Information

  • Pool: Yes
  • Pool Description: Community

Parking

  • Parking Features: Gravel, Kitchen Level, On Site

Location

  • County: Perry
  • Township: Pike Twp
  • Subdivision: Fi Rst Add
  • Driving Directions: Mill Street to Orchard Ave to Eastern Ave

School Information

  • Elem School District: New Lexington CSD - 6402
  • Midd School District: New Lexington CSD - 6402
  • High School District: New Lexington CSD - 6402

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Heating Type: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 2
  • Construction: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Crawl Space, Dirt Floor, Partially Finished
  • Roof: Metal
  • Windows: Double Pane Windows
  • Stories/Levels: 2
  • Square Feet: 2,500
  • Living Area: 2,500 Sq. Ft.
  • Finished Above Grnd: 2,500 Sq. Ft.
  • Year Built: 1991
  • Year Built Source: Public Records
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size: .15
  • Lot Size Source: Public Records
  • Lot Features: Back Yard, Corner Lot, Front Yard
  • Fencing (Description): None

Financial Considerations

  • Tax Amount: $1,238
  • Tax Year: 2024
  • Owner Pays: Grounds Care, Repairs, Taxes, Trash Collection
  • Tenant Pays: Electricity, Gas, Water

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: WHOLE LOT 1847VANATTAS FI RST ADD SEC 09
  • Property ID: 270003010000

Listed by Ohio Broker Direct, Joan Elflein and Ohio Broker Direct, Tana Lantry

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Listing agents

— 500 Eastern Ave —

  • Joan Elflein

    Ohio Broker Direct

  • Tana Lantry

    Ohio Broker Direct

614-989-7215, joan@ohiobrokerdirect.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 500 Eastern Ave

School District:New Lexington City School District
NameGradesDistance
New Lexington Elementary School
2550 Panther Drive Northeast, New Lexington, OH 43764
K-51.1 mi
Junction City Elementary School, Junction City, OH
307 West Poplar Street, Junction City, OH 43748
PK-55.5 mi
New Lexington Middle School
2549 Panther Drive Northeast, New Lexington, OH 43764
6-81.2 mi
New Lexington High School
2547 Panther Drive Northeast, New Lexington, OH 43764
9-121 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 500 Eastern Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/16/2025
Listed
$297,000
324.29%
MLS
3/30/2023
Sold
$70,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 500 Eastern Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,243
—
$27,440
—
2023
$1,243
-4%
$27,440
-15%
2021
$1,298
-5%
$32,260
—
2022
$1,365
6%
$32,260
—
2020
$1,291
99%
$32,260
12%
2020
$648
-45%
$28,920
—
2019
$1,168
2%
$28,920
—
2017
$1,148
-10%
$28,920
-8%
2016
$1,281
—
$31,580
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Ohio Broker Direct, Joan Elflein and Ohio Broker Direct, Tana Lantry

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500 Eastern Avenue, New Lexington, OH 43764 (MLS# 5149912) is a Triplex property with 6 bedrooms and 3 full bathrooms. 500 Eastern Avenue is currently listed for $297,000 and was received on October 16, 2025. Want to learn more about 500 Eastern Avenue? Do you have questions about finding other Triplex real estate for sale in New Lexington? You can browse all New Lexington real estate or contact a Coldwell Banker agent to request more information.

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