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$75,000

2275 N Cable Rd Unit 198 Lima, OH 45807

1 bed
1 full
430 sqft
$174 / sqft
Condo

Property details

About 2275 N Cable Rd Unit 198

Welcome to Unit 198 at the Gatehouse Condominiums in Lima, Ohio! This efficiency unit features a compact, functional layout with one bathroom and is currently tenant-occupied, bringing in $750 per month in rental income.Located in a well-maintained, professionally managed community, this unit offers a low-maintenance investment opportunity with consistent cash flow. Whether you're a seasoned investor or just starting out, this affordable condo makes a smart addition to any portfolio.

Highlights

Home typeCondominium
HeatingForced Air
StatusActive
CoolingCentral Air
Size430 sqft
Year built1970
MLS #1039643

Summary

  • Full Bathrooms: 1
  • Flooring Type: Carpet, Vinyl
  • Total Bedroom Count: 1
  • Architectural Style: Attached
  • Heating: Forced Air
  • Cooling: Central Air
  • List Price: $75,000
  • Price/SqFt: $174
  • Directions: North on Cable, go past the Lima Mall, Gatehouse is on the left.
  • Year Built: 1970
  • Living Area: 430 SqFt
  • MLS Number: 1039643
  • MLS Name: WRIST
  • Office Name: Binkley Real Estate, LLC
  • Office Phone: (571) 228-7788
  • Listing Agent: Jeremy Huebner

IDX Information is provided by Western Regional Information Systems and Technology, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Western Regional Information Systems and Technology, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 12:45:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

3

Heritage Elementary School

Public District PK-4

1.9 mi

816 College Ave

4

Independence Elementary School

Public District PK-4

2.1 mi

615 Tremont Ave

4

Elida Elementary School

Public District KG-4

2.3 mi

300 Pioneer Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $43,086. Most Lima, OH residents have annual incomes between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

40%
<35k
45%
35k-100k
14%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

59%
Single, No Kids
7%
Single, with Kids
26%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
4%
12-17 yrs old
25%
18-34 yrs old
38%
35-64 yrs old
26%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Extreme SportsExtreme Sports
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • KmartKmart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • Little CaesarsLittle Caesars
  • SonicSonic

What do the neighbors drive?

  • BuickBuick
  • ChevroletChevrolet
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • OldiesOldies
  • CountryCountry
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

About 2275 N Cable Rd Unit 198

The listing price of 2275 N Cable Rd Unit 198 property is $75,000.

The property 2275 N Cable Rd Unit 198 is a condo located in Lima, Ohio, 45807.

Active Listing: 2275 N Cable Rd Unit 198 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 2275 N Cable Rd Unit 198 are: Heritage Elementary School (GreatSchools Rating 3/10), Independence Elementary School (GreatSchools Rating 4/10), Elida Elementary School (GreatSchools Rating 4/10), Lima West Middle School (GreatSchools Rating 4/10), Lima North Middle School (GreatSchools Rating 2/10), Heir Force Community School (GreatSchools Rating 4/10), Elida Middle School (GreatSchools Rating 7/10), West Central Learning Academy II (GreatSchools Rating 3/10), Elida High School (GreatSchools Rating 6/10).

The property at 2275 N Cable Rd Unit 198 has 1 bedroom and 1 bathroom.

The property 2275 N Cable Rd Unit 198 is 430 SqFt (source: MLS/tax record).

The year of construction for 2275 N Cable Rd Unit 198 is 1970.

This home is located at 2275 N Cable Rd Unit 198 in Lima, OH and zip code 45807. This 430 square foot home was built in 1970. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since June 25, 2025 and is currently priced at $75,000.

In June 2025 more than 9 listings in Lima, OH were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 11 were sold below. The number of listings in Lima, OH increased by 9.4% between May and June 2025. Listings spent 29 days on the market in June 2025, and had a median list price of $180,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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