Date
Details
Price
Change
Source
10/13/2025
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,500,000
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Property Description
Outstanding investment opportunity! This 43-unit condo complex offers a rare chance to own an established income-producing property in a highly desirable Lima location near restaurants, shopping, and major highways. The property features a mix of two-bedroom, one-bath and one-bedroom, one-bath condos--each with a functional layout, individual entrances, and well-maintained interiors. The units are consistently occupied and generate strong, reliable rental income, making this an ideal turnkey addition to any investor's portfolio. Situated on a well-kept property with ample parking, this development combines long-term stability with future upside potential. Opportunities like this--where the heavy lifting is already done--don't come around often!
Full Property Details
Full Property Details for 2275 N Cable Rd
General
- Price: $3,500,000
- Taxes: $19,500 (2024)
- Status: Active
- Type: Multi-Family
- Source: 507
- MLS ID: 1041954
- Updated: 10/13/2025
- Added to Site: 99 day(s) ago
Location
- County: Allen
- Driving Directions: North on Cable Rd. to the Gatehouse condo. All 43 units vary within the complex
School Information
- School District: 0205 Elida LSD
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Supplied Water
Structural Information
- Exterior Const.: Wood Siding
- Square Feet: 700
- Finished Total: 700 Sq. Ft.
- Year Built: 1970
Financial Considerations
- Tax Amount: $19,500
- Tax Year: 2024
Disclosures and Reports
- Property ID: 36220102012205
Listed by Jeremy Huebner
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Listing agent
— 2275 N Cable Rd —
Jeremy Huebner
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Price & Sales History for 2275 N Cable Rd
Tax History
Tax History for 2275 N Cable Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$731
27%
$16,250
45%
2023
$574
-2%
$11,210
—
2022
$585
—
$11,210
—
2021
$585
23%
$11,210
32%
2020
$476
—
$8,510
—
2019
$477
—
$8,510
—
2018
$476
2%
$8,510
—
2017
$465
1%
$8,510
—
2016
$461
—
$8,510
—
2015
$463
-6%
$8,505
-4%
2014
$492
10%
$8,820
—
2013
$448
—
$8,820
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2275 N Cable Rd
2275 N Cable Road, Lima, OH 45807 (MLS# 1041954) is a Multi-Family property with 43 units containing 0 bedrooms and 0 full bathrooms. 2275 N Cable Road is currently listed for $3,500,000 and was received on October 13, 2025. Want to learn more about 2275 N Cable Road? Do you have questions about finding other Multi-Family real estate for sale in Lima? You can browse all Lima real estate or contact a Coldwell Banker agent to request more information.