Property photo 1
47 Beds
30 Baths
700 sqft

$3,500,000

2275 N Cable Road, Lima OH, 45807

Price per sqft$5,000.00
Built in1970
Property size700 sqft
Property typeMulti-family

Overview

Active

Listed Oct 14, 2025

Updated Mar 7

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!

$23,286/mo

Est. mortgage payment based on a $3,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1041954

Interior Features

Bedrooms
47
Bathrooms
30
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Municipality
American

Listed by Jeremy Huebner with Binkley Real Estate, LLC

Based on information from the Western Regional Information Systems and Technology, Inc. as of 3/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/7/2026 at 8:13 PM UTC Last Checked: 8:13 PM UTC

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