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.
Auction
Est. $115,000
831 Franklin Ave, Lancaster, OH 43130
2beds
1,092sqft
Single Family Residence
Built in 1979
5,227.2 Square Feet Lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
Partially finished basementPrivate primary suiteFull basementSmart layoutAmple yard space
- 16 days
- on Zillow |
- 975 |
- 48 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 04:06pm
Listed by:
Christy Vogel 740-590-1690,
Rise Realty,
Jonathon LeMay 740-503-2936,
Rise Realty
Source: Columbus and Central Ohio Regional MLS ,MLS#: 225027888

Travel times
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Features
- Basement: Full
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,092
- Total interior livable area: 1,092 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, On Street
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Fencing: Fenced
Lot
- Size: 5,227.2 Square Feet
Details
- Parcel number: 0534028600
- Special conditions: Auction,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Foundation: Block
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lancaster
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $169,500
- Annual tax amount: $2,203
- Date on market: 7/26/2025
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