Hartsock Realty Portfolio

For Sale

500-518 W Elm St, Lima, OH 45801

This Lima property for sale is located at 500-518 W Elm St. The current listed sale price for Hartsock Realty Portfolio is $2,700,000. Hartsock Realty Portfolio is situated on a lot that is 0.88 acre in size.

Contacts

broker
Brett Ludwig

Verti Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 32,797 SF
  • Units 27
  • Lot Size 0.88 Acre
  • Year Built 1935
  • Year Renovated 2020
  • Date Updated Jul 21, 2025
Lima, Ohio is an emerging gem for real estate investors seeking a blend of stability, affordability, and growth potential. With a strong foundation in manufacturing, healthcare, and education, the city is home to major employers like Procter & Gamble and Mercy Health, supporting a reliable and diverse tenant base. Local leadership continues to invest in downtown revitalization and infrastructure improvements, signaling long-term confidence in the market. Generous tax incentives, limited new housing supply, and steadily rising demand make Lima a compelling destination for investors looking to capture strong yields today while benefiting from meaningful appreciation tomorrow.This turnkey, cash-flowing portfolio in Lima, Ohio presents a compelling opportunity for investors seeking immediate yield with long-term upside. The offering includes a mix of stabilized multifamily and mixed-use assets that are currently 96% occupied and generating consistent income from day one. Two of the three properties benefit from tax abatements, one at 100% and another at 50%, significantly enhancing net operating income and reducing carry costs. With both newer construction and recently renovated properties in the portfolio, capital expenditure needs are minimized to support operational efficiency. In-place rents remain below market, creating a clear path to increased revenue through strategic rent increases. Additional value can be unlocked by upgrading and the office spaces within the mixed-use component. This portfolio is ideally suited for investors seeking both near-term cash flow and a medium-term value-add play, all within a revitalized Midwest market offering low acquisition costs and dependable tenant demand.
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Highlights

  • High Occupancy, Immediate Cashflow
  • Mark Rents to Market Opportunity
  • Tax abatements
  • Turnkey Core Plus Portfolio

Getting around

  • 73/100

    Walk Score ®

  • 30/100

    Transit Score ®

  • 73/100

    Bike Score ®

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Location

  • City Lima, OH
  • Zip Code 45801

Points of Interest

  • Speedway

    1.43 miles

  • Fuel Stop

    1.56 miles

  • Sunoco

    1.71 miles

  • BP

    2.02 miles

  • Tesla Supercharger

    2.16 miles

  • Sam's Club

    2.25 miles

  • Wallys

    2.37 miles

  • Marathon

    2.69 miles

  • Athletic Parking

    5.65 miles

  • Academic Parking

    5.75 miles

  • Elida FIeldhouse Parking

    5.96 miles

  • truck parking

    9.82 miles

  • car parking

    9.83 miles

  • Wingate by Wyndham Lima Downtown

    0.28 miles

  • Country Inn & Suites

    1.73 miles

  • Travelodge Lima OH

    1.78 miles

  • Red Carpet Inn and Suites

    2.04 miles

  • Motel 6

    2.06 miles

  • Howard Johnson by Wyndham

    2.07 miles

  • Hampton

    2.12 miles

  • Quality Inn

    2.13 miles

  • Courtyard

    2.15 miles

  • Fairfield Inn & Suites Lima

    2.47 miles

  • Save-A-Lot

    1.55 miles

  • Wallys

    2.38 miles

  • Walmart Supercenter

    2.43 miles

  • ALDI

    2.50 miles

  • Lima Mall

    2.82 miles

  • Kohl's

    3.14 miles

  • TJ Maxx

    3.19 miles

  • Meijer

    3.55 miles

  • Stites Discount Grocery

    8.31 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brett Ludwig

Verti Commercial Real Estate

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