831 Franklin Avenue, Lancaster, OH 43130

$125,000
2
BD
3
BA
1,092
SqFt

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Sold Price
$125,000
List Price
$115,000
Status
CLOSED
Days on Market
62
Closing Date
Sep 26, 2025
MLS#
225027888
Subtype
Residential
Style
Ranch
Year Built
1979
Bedrooms
2
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
1,092
Lot Size
5,227
Acres
0.12

Property Description

Minimum Bid Auction 8/30/2025 at 10:00AM. Minimum Bid ONLY $115,000. Here's a prime investment opportunity with built-in appeal and expansion potential. This single-story 2-bedroom, 2.5-bath home features a smart layout, a full basement, and a detached 2-car garage—making it an ideal candidate for rental income, resale, or a fix-and-hold strategy. The home includes a private primary suite with its own full bathroom, a second spacious bedroom, and an additional full bath conveniently located off the hallway—perfect for shared living or tenant flexibility. Downstairs, a partially finished basement includes a half bath and adds significant square footage that could be transformed into a recreation room, home office, or even additional bedroom space (with proper egress). The detached 2-car garage and ample yard space offer further upside for tenants or future buyers. Investment Highlights: 2 bedrooms / 2.5 baths Primary suite with en-suite full bath Full hallway bath + basement half bath Full basement with finishing potential Detached 2-car garage Strong rental and resale potential in a desirable area Whether you're looking for your next flip, a cash-flowing rental, or a property with long-term appreciation potential, this one checks all the boxes. Price Reflects starting Auction Bid.

Additional Information

Property Description
Ranch
Foundation
Block
Garage
Detached Garage, On Street
Garage Spaces
2
School District
Lancaster Csd 2305 Fai Co.

Listing Courtesy of : Christy Vogel ---- Rise Realty

Selling Office: Rise Realty.

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