632 N Broad Street, Lancaster, OH 43130

$405,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$405,000
List Price
$415,000
Status
CLOSED
Days on Market
64
Closing Date
Jul 22, 2025
MLS#
225017729
Subtype
Multi-Family
Year Built
1900
Lot Size
7,840
Acres
0.18

Property Description

Discover a unique investment opportunity with this versatile, fully renovated property that offers both residential income and commercial potential. The ground level is a standout feature—completely updated and beautifully finished, it presents a flexible space that could be utilized as a high-end commercial storefront, office, or converted into additional residential living. Whether you're envisioning a boutique, studio, or luxury apartment, the options are endless with this stylish and functional space. Upstairs, the property is already generating steady income with two well-maintained long-term rental units, both currently occupied by reliable tenants. This turnkey setup allows for immediate cash flow, making it ideal for investors or owner-occupiers looking to offset costs. The configuration offers privacy and separation between the levels, enhancing the appeal for both commercial and residential uses. Additional amenities include ample off-street parking—an increasingly rare find—which comfortably accommodates residents, visitors, or clients. Located in a desirable area with access to local shops, dining, and more, this property combines location, flexibility, and modern updates into one compelling package. Whether you're an investor seeking a multi-use income property or an entrepreneur looking for a place to live and work, this property offers boundless possibilities. Don't miss the chance to make this adaptable and stylish building part of your portfolio.

Additional Information

School District
Lancaster Csd 2305 Fai Co.

Listing Courtesy of : Dylan J Knecht ---- RE/MAX Revealty

Selling Office: M3K Real Estate Network Inc..

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks