#9066798, Tyler Miller, Listing office: Key Realty
Property details
About 508 N Collett St
This tenant-occupied 2-bedroom, 1-bath single-family home offers approximately 945 sq ft of living space and steady cash flow potential. Currently rented at $600 per month, the property is below market rent, presenting an opportunity for increased returns over time. The home includes a functional floor plan and off-street parking. Conveniently located near schools, parks, shopping, and major roads, it offers easy access for tenants and reliable long-term rental appeal. Whether you're acquiring your first investment or expanding an existing portfolio, this property provides consistent income with upside in the Lima rental market.
Highlights
Home typeSingle Family Residence
HeatingBaseboard
StatusActive
Size945 sqft
BasementYes
Year built1920
ParkingGravel
MLS #9066802
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: Gravel
- Architectural Style: Story & 1/2
- Heating: Baseboard
- List Price: $70,750
- Price/SqFt: $74
- Annual Tax Amount: $513
- Tax Year: 2023
- Directions: On Collett St
- Year Built: 1920
- Stories: 2
- Living Area: 945 SqFt
- MLS Number: 9066802
- MLS Name: MansfieldOH
- Office Name: Key Realty
- Office Email: tyler.miller@keysoldgroup.com
- Listing Agent: Tyler Miller
The information being provided is 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither Listing Broker(s) this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright Mansfield Association of REALTORS® Multiple Listing Service. 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: 7/28/2025, 8:45:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 29, 2022 | Home Sold | $392,000 |
| Dec 18, 1997 | Home Sold | $203,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $11,140 | $513 |
| 2022 | $11,140 | $593 |
| 2021 | $11,140 | $543 |
| 2020 | $9,870 | $541 |
| 2019 | $9,870 | $542 |
| 2018 | $9,870 | $537 |
| 2017 | $9,870 | $544 |
History based on county public records data.
Nearby schools
3
Heritage Elementary School
Public District PK-4
0.4 mi
•816 College Ave
4
Independence Elementary School
Public District PK-4
0.6 mi
•615 Tremont Ave
3
Freedom Elementary School
Public District PK-4
1.7 mi
•575 Calumet Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $28,023. The most common annual income of people living in Lima, OH is less than $<35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
64%
<35k
36%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
48%
Single, No Kids
25%
Single, with Kids
13%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
9%
12-17 yrs old
25%
18-34 yrs old
37%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Figure Skating
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Popeyes
Church's Chicken
What do the neighbors drive?
Buick
Dodge
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 508 N Collett St
The listing price of 508 N Collett St property is $70,750.
The property 508 N Collett St is a house located in Lima, Ohio, 45805.
Active Listing: 508 N Collett St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 508 N Collett St are: Heritage Elementary School (GreatSchools Rating 3/10), Independence Elementary School (GreatSchools Rating 4/10), Freedom Elementary School (GreatSchools Rating 3/10), Heir Force Community School (GreatSchools Rating 4/10), Lima North Middle School (GreatSchools Rating 2/10), Liberty Arts Magnet K-8 (GreatSchools Rating 4/10), West Central Learning Academy II (GreatSchools Rating 3/10), Lima Senior High School (GreatSchools Rating 2/10), Bath High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $513 (source: MLS/based on county public records data).
The last sale was on March 29, 2022 for $392,000 (source: MLS/tax record).
The property at 508 N Collett St has 2 bedrooms and 1 bathroom.
The property 508 N Collett St is 945 SqFt (source: MLS/tax record).
The year of construction for 508 N Collett St is 1920.
This home is located at 508 N Collett St in Lima, OH and zip code 45801. This 945 square foot home was built in 1920. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 30, 2025 and is currently priced at $70,750.
Lima, OH housing market in June 2025 saw over 9 listings sold above listed price, more than 6 sold at listed price and over 11 sold below. The number of homes for sale in Lima, OH increased by 9.4% between May and June 2025. The median list price of listings available in June 2025 was $180,000, while the average time on the real estate market was 29 days.
From Rocket Homes Real Estate and based on county public records data.