330 Park Street

Lancaster OH 43130

6098.4 sq. ft.

Duplex

Currently for sale - view listing

Overview

If you've been waiting on a real value-add opportunity in Lancaster, this is one worth your attention. This duplex sits in a location tenants consistently want — close to shopping, schools, restaurants, and main travel routes — which is exactly what protects long-term occupancy and rent growth. The bones are there. The location is right. What it needs now is the work. This property does require significant renovation, but that's where the margin lives. With proper rehab, the projected gross rental income is approximately $2,000+ per month, making this an excellent repositioning play for investors who understand how to create equity and lock in strong cash flow. Two units under one roof means: Diversified income Lower vacancy risk Simpler management Better long-term appreciation This is not a turnkey property — and it's not priced like one. It's a chance to step into Lancaster, improve the asset, and build real equity the way rental portfolios were built long before over-priced flips became the norm. Buy it right. Renovate it smart. Let it perform.