246 N Pearl Avenue, Lancaster, OH 43130

Property Description

Charming historic home with incredible upside potential located in the heart of Lancaster, just minutes from downtown amenities, restaurants, and local attractions. This spacious 5-bedroom, 2.5-bath property offers a rare combination of character, size, and value-add opportunity. Built in 1900, the home retains its timeless appeal with features such as original hardwood flooring, decorative fireplaces, pocket doors, and classic architectural details that highlight its historic charm. The layout includes a generous living and dining area, an eat-in kitchen, and multiple functional spaces--ideal for both homeowners and investors. While the property has been well maintained structurally, it does require cosmetic updates (TLC), presenting an excellent opportunity for: Investors seeking a value-add flip or BRRRR strategy Buyers looking to customize a historic home Rental investors targeting strong demand near downtown Lancaster Located in an established neighborhood with a strong sense of community, this property benefits from walkability to downtown events, schools, and daily conveniences, making it highly attractive for both resale and rental positioning. With comparable renovated homes in the area showing strong values, this property presents a compelling opportunity to unlock equity through light-to-moderate cosmetic improvements.