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503 N Charles Street, Lima, OH
Investors! OR Homeowners that love a remodeling project! Look at this value add investment project property or home ready for your creative renovations! This 3 bedroom, TWO full bath home offers 1708 square feet on a 50 x 72 lot! Improvements include: Newer siding, gutters, updated electrical panel, furnace and hot water tank! Priced to sell, no seller financing. Great hardwood floors on main level, lots of space! Roof year unknown but in good shape, no leaks! Great area! Quiet Street! Ask us about the OTHER 16 value add properties for sale in the area that are similar and can be bundled for purchase in groups or portfolio! AS IS. Great area and ARV! Hurry this will not last long!

Fizbo Market Record — April 4, 2026 Compared against 23 active listings in Lima, OH, 157,092 across the nation, and 0 in the state of Ohio, here is where this property stands. This single-family residence at 503 N Charles Street features three bedrooms, two full bathrooms, and a total living area of 1708 square feet. The listing notes newer siding, gutters, updated electrical panel, furnace, and hot water tank as recent improvements. Built in 1903, the conventional-style home sits on an 0.08-acre lot with a 50 x 72 footprint. Priced at $77,000, this listing ranks above 87% of active inventory in Lima, placing it in the 13th percentile for price. Compared to the city median price of $92,000, this property is priced at 0.84x, indicating a relatively conservative pricing strategy. In terms of lot size, it falls short, ranking in the 22nd percentile among competing listings. The listing's year built, however, is noteworthy – with a percentile of 0th, it's one of the oldest properties on the market. Bedroom and bathroom counts also stand out: at 1.06x and 1.48x respectively, they exceed city averages. Days on market data indicates that homes in this market are moving relatively slowly, averaging 32 days. Only a handful of competing listings feature similar age and condition; however, none have the same combination of updates and value-add potential. The absence of an in-law suite or other unique features may be worth highlighting to buyers seeking more space or customization options.
Property Type
SingleFamilyResidence
Style
Conventional
Year Built
1903
Lot Size
3,615 sqft
Days on Market
42 days
Full Baths
2
Subdivision
John E Richies Add
MLS #
1151302559
Listing Type
Residential
Market
YESMLS
District
Lima CSD - 206
503 N Charles Street, Lima, OH 45805 — Allen County
Leilani M Bowersock
Coldwell Banker Schmidt Realty

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How this home compares across city, state, and national benchmarks
Listed at $77,000, this 3-bed SingleFamilyResidence in Lima is 20% below the Census median home value of $95,900 for Lima. Compared to 22 other 3-bed homes in Lima (averaging $81,636), this property is 6% below average. Ohio's median home value is $150,936, putting this listing 49% below the state benchmark. The U.S. national median home value is $334,900.
Where this listing falls among 27 homes for sale
Lima has a population of 35,304 with a median household income of $43,370 and a homeownership rate of 46.4%. The median home value is $95,900 and the median rent is $865/mo.
Sources: U.S. Census Bureau ACS 2023, Fizbo listing data