Affordable Homes
$30,000 Fixer-Upper in Lima, Ohio: 115 S Scott St Offers 4 Bedrooms, 2 Baths and a 3-Car Garage
$30,000 Fixer-Upper in Lima, Ohio: 115 S Scott St Offers 4 Bedrooms, 2 Baths and a 3-Car Garage
Finding an affordable single-family property in Lima, Ohio, with multiple bedrooms, nearly half an acre of land, and a detached three-car garage can be difficult—especially for buyers looking for a renovation project. 115 S Scott St, Lima, OH 45804 is currently listed at $30,000 and is being marketed as an investor-oriented fixer-upper requiring significant renovation.
The property offers 4 bedrooms, 2 full bathrooms, approximately 1,514 square feet of living space, a 0.47-acre residential lot, and a detached 3-car garage. Built in 1920, the two-story home is being sold AS-IS, making it more suitable for buyers who are prepared to evaluate the condition of the structure and potentially undertake a substantial rehabilitation.
According to the listing, the property is located on a dead-end street near shopping, Lima Senior High School, and access to the City of Lima bike path. The detached garage and additional outbuilding may provide additional possibilities for storage, parking, workshop use, or future improvements, subject to condition and local regulations.
For investors, contractors, experienced renovators, or buyers searching specifically for an inexpensive Lima fixer-upper, the property presents a different type of opportunity than a move-in-ready home. The low asking price comes with an important consideration: the listing explicitly states that significant renovation is needed.
Property Overview: 115 S Scott St, Lima, Ohio
| Property Feature | Details |
|---|---|
| Address | 115 S Scott St, Lima, OH 45804 |
| Asking Price | $30,000 |
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Living Area | 1,514 sq. ft. |
| Year Built | 1920 |
| Lot Size | 0.47 acres |
| Levels | 2 |
| Garage | Detached 3-car |
| Basement | No |
| Fireplace | No |
| Heating | Forced air, natural gas; listing also notes “See Remarks” |
| Cooling | None listed |
| Water | Public |
| Sewer | Public sewer |
| Zoning | Residential |
| HOA | None |
| Tax Assessed Value | $36,000 |
| Annual Taxes | $525 |
| Price per Sq. Ft. | Approximately $20 |
| Listing Terms | Cash |
| Condition | Fixer |
| Special Condition | Fair Market |
| Parcel Number | 37310810005.000 |
| MLS | 311682 |
| Listing Date | September 21, 2026 |
Property information above is based on the listing details provided. Buyers should independently verify all information before making an offer or purchasing the property.
An Affordable Lima, Ohio Fixer-Upper
At an asking price of $30,000, 115 S Scott St falls into a segment of the Lima real estate market that may attract buyers specifically looking for properties requiring rehabilitation.
The listing describes the house as an “investor special” and states that it needs significant renovation. This distinction is important because the purchase price alone does not represent the total amount a buyer may ultimately need to spend.
A renovation project can involve expenses for structural repairs, electrical systems, plumbing, roofing, windows, insulation, flooring, kitchens, bathrooms, exterior work, heating systems, and other components. The actual scope depends on the property’s current condition, which cannot be fully determined from an online listing.
For that reason, this property should be evaluated as a renovation project rather than simply a $30,000 house.
The potential appeal is the combination of a relatively low acquisition price, four bedrooms, two bathrooms, 1,514 square feet of living space, and a 0.47-acre lot.
Four-Bedroom, Two-Bath Layout
The property contains four bedrooms and two full bathrooms across two levels.
For an investor considering a future rental property, four bedrooms can be an important characteristic because larger households may seek homes with multiple sleeping areas.
For an owner-occupant, the same layout could provide space for bedrooms, a home office, guest accommodations, or other uses depending on the final floor plan and renovation.
However, the listing does not provide a detailed room-by-room description or current condition report. Buyers should therefore inspect the interior carefully before assuming that all existing rooms can be used without substantial reconstruction.
Because the house was built in 1920, its construction and systems may differ considerably from those of newer homes.
1,514 Square Feet of Living Space
According to the listing, 115 S Scott St has approximately 1,514 square feet of total interior livable area.
At the listed price of $30,000, that works out to approximately $20 per square foot.
That number can look attractive when compared with the price per square foot of renovated properties, but price-per-square-foot comparisons can be misleading when a property requires major rehabilitation.
For example, a renovated home and a property needing extensive work can have completely different costs and market values despite having similar square footage.
For this reason, buyers evaluating 115 S Scott St should consider:
- Current structural condition
- Roof condition
- Electrical system
- Plumbing
- Heating system
- Windows
- Exterior walls
- Flooring
- Kitchen condition
- Bathroom condition
- Water damage
- Possible pest or termite damage
- Code compliance
- Remaining useful life of major components
- Estimated renovation costs
A professional inspection and contractor estimates can help establish the actual project budget.
The Detached 3-Car Garage Is a Major Property Feature
One of the most notable features of 115 S Scott St is the detached three-car garage.
The listing identifies three total parking spaces and three garage spaces. The property also includes additional structures, including an outbuilding.
For someone purchasing a fixer-upper, a detached garage can provide value beyond vehicle storage.
Depending on its existing condition and permitted uses, it could potentially serve as:
- Vehicle storage
- Workshop space
- Equipment storage
- Contractor storage
- Hobby space
- Renovation workspace
- Additional general storage
However, the garage should be inspected separately from the main residence.
A buyer should examine the roof, foundation, framing, garage doors, electrical service, drainage, and overall structural condition.
The future use of the garage or outbuilding should also be checked against local zoning and building requirements.
Nearly Half an Acre in Lima
The property sits on approximately 0.47 acres, giving buyers substantially more land than a small urban lot.
The lot is described as residential and is associated with parcel number 37310810005.000.
A larger lot can be useful for outdoor space, gardening, recreation, parking, storage, or future improvements, although the exact permitted uses depend on local regulations.
Because the property includes additional structures, buyers should also verify the boundaries of the parcel and determine whether all existing structures are properly recorded and permitted.
A survey may be worthwhile if there is uncertainty regarding property lines, easements, access, or the location of the detached structures.
Built in 1920: What Buyers Should Know
A 1920-built home can have architectural character, but age also makes due diligence particularly important.
The listing identifies the property as a fixer, and the seller is offering it AS-IS.
Buyers should not assume that major systems have been updated simply because they appear functional during a brief showing.
Important inspection areas can include:
Electrical
Determine the age and condition of the electrical service, wiring, outlets, panels, grounding, and other components.
Plumbing
Older plumbing systems can contain materials or configurations that require replacement or modernization.
Heating
The listing identifies forced-air, natural-gas heating. Buyers should determine the age, operating condition, efficiency, and remaining useful life of the heating equipment.
Cooling
The listing states that the property has no cooling listed. Buyers should verify the current condition of any existing equipment and determine what options would be available for adding or improving air conditioning.
Roof
The roof condition should be professionally evaluated, particularly because the property is being sold as a fixer.
Foundation and Structure
Because the house dates to 1920, a thorough evaluation of the foundation, framing, floors, walls, moisture, and drainage is important.
No Basement
Unlike some older Midwest properties, 115 S Scott St is listed as having no basement.
This means buyers should not expect additional below-grade storage or finished living space.
The absence of a basement can simplify certain aspects of property maintenance, but it also means there is no basement area that could potentially be converted into additional finished space.
The crawlspace or foundation configuration, if applicable, should be inspected to determine how the house is supported and whether moisture or structural concerns are present.
Heating, Water and Sewer
The property is connected to public water and public sewer.
The listing identifies forced-air natural-gas heating and does not list a cooling system.
Public utilities can be an important consideration for an investment property because the home is already situated within an established utility network.
Nevertheless, the buyer should verify:
- Utility connection status
- Outstanding utility balances
- Gas service status
- Water service status
- Sewer connection
- Any municipal requirements
- Condition of interior plumbing
- Condition of the heating system
Utility availability does not necessarily mean that all interior systems are currently operational.
Residential Zoning and No HOA
The property is listed with Residential zoning and no homeowners association.
The lack of an HOA can give an owner more flexibility compared with properties subject to private association rules.
However, zoning remains important.
Anyone considering a renovation, addition, garage modification, conversion, rental use, or other change should verify the permitted use directly with the appropriate local authority.
The existence of a garage or outbuilding does not automatically mean it can be converted into another type of occupied space.
Location Near Shopping, Schools and the Lima Bike Path
According to the listing, 115 S Scott St is located on a dead-end street and is near several everyday amenities.
The property is described as being near:
- Shopping
- Lima Senior High School
- The City of Lima bike path
- Local residential streets and neighborhoods
A dead-end street can also mean less through traffic than a major roadway, although buyers should personally evaluate traffic, noise, surrounding properties, and neighborhood conditions.
For a prospective rental investor, proximity to schools, shopping, transportation routes, and recreation can be relevant when evaluating future tenant demand.
Those factors should be considered alongside the property’s physical condition and the overall local rental market.
$525 in Annual Property Taxes
The listing reports a tax-assessed value of $36,000 and annual property taxes of approximately $525.
For a property listed at $30,000, the stated annual tax amount represents a relatively important carrying-cost figure to include in any investment analysis.
However, buyers should not treat the current tax amount as a permanent guarantee.
Property taxes can change following a sale, reassessment, improvements, or changes in local tax policy.
Investors should confirm the current tax status with the appropriate county records before closing.
It is also important to determine whether there are any unpaid taxes, assessments, municipal charges, liens, or other obligations attached to the property.
Cash Purchase Terms
The listing specifically identifies Cash under listing terms.
That means buyers should not automatically assume that a conventional mortgage will be available for the property.
This is especially relevant because the house is being marketed as a fixer and needs significant renovation.
Traditional mortgage lenders can have property-condition requirements that may be difficult for severely distressed homes to satisfy.
Investors may therefore consider cash funds or renovation-oriented financing products, depending on their circumstances and lender requirements.
Anyone considering financing should speak with a lender before making an offer.
What Could Make This Property Interesting to Investors?
The listing itself presents 115 S Scott St as an opportunity for an investor, contractor, or buyer prepared to undertake a complete transformation.
Several characteristics may attract that type of buyer:
- $30,000 asking price
- Four bedrooms
- Two full bathrooms
- 1,514 square feet
- 0.47-acre lot
- Detached three-car garage
- Additional outbuilding
- Residential zoning
- Public water and sewer
- Natural-gas forced-air heating
- No HOA
- Location in Lima
- Proximity to shopping
- Proximity to Lima Senior High School
- Access to the City of Lima bike path
At the same time, these features should be weighed against the property’s stated condition.
The listing specifically describes the property as a fixer requiring significant renovation.
Potential Renovation Strategies
Depending on the actual condition and local regulations, a buyer could potentially consider several renovation strategies.
Owner-Occupant Renovation
A buyer could renovate the property for personal use, gradually improving the home based on available resources and priorities.
Long-Term Rental
An investor could evaluate the possibility of renovating the house and eventually operating it as a rental property.
The four-bedroom configuration could be relevant to that strategy, although rental income should be estimated using current local market data rather than assumptions.
Resale After Renovation
Another strategy could involve renovating the property and eventually selling it.
This requires careful analysis of the expected post-renovation value, acquisition cost, construction expenses, financing, taxes, insurance, holding costs, selling costs, and contingency reserves.
Garage and Workshop Use
The detached three-car garage could be particularly useful for an owner who needs workshop or storage space, subject to its condition and permitted uses.
Important Due Diligence Before Buying 115 S Scott St
A $30,000 asking price can make a property appear inexpensive, but distressed real estate requires careful due diligence.
Before purchasing, prospective buyers should consider obtaining professional evaluations of:
1. Foundation and Structure
Look for settlement, cracks, moisture intrusion, damaged framing, uneven floors, or other structural concerns.
2. Roof
Determine whether the roof requires repair or complete replacement.
3. Electrical System
Inspect the service panel, wiring, outlets, grounding, and overall electrical safety.
4. Plumbing
Check supply lines, drains, fixtures, water pressure, and visible leaks.
5. Heating System
Confirm whether the natural-gas forced-air system operates and determine its age and condition.
6. Windows and Exterior
Evaluate the windows, brick and other exterior materials, doors, trim, and weather resistance.
7. Garage
Inspect the detached three-car garage for structural, roofing, electrical, and foundation issues.
8. Environmental Concerns
Because the house was built in 1920, buyers should discuss appropriate testing or inspections for potential hazards associated with older homes.
9. Permits
If previous renovations were performed, buyers should verify whether the work was properly permitted.
10. Title and Liens
A title search should be performed to identify liens, judgments, unpaid taxes, easements, or other title issues.
Understanding the $30,000 Price
The advertised price of $30,000 is one of the most notable aspects of this listing.
However, the purchase price should not be viewed in isolation.
For example, a hypothetical buyer spending $30,000 to acquire the property and another amount on renovations would have a total project cost significantly higher than the initial purchase price.
A proper investment analysis should therefore calculate:
Purchase Price + Renovation Costs + Financing Costs + Closing Costs + Holding Costs + Taxes + Insurance + Contingency = Total Project Cost
Only after estimating those figures can an investor reasonably compare the project with other properties.
Because renovation costs vary substantially depending on the home’s actual condition, an inspection and contractor walkthrough are particularly valuable.
Who Might Consider This Lima Property?
Based strictly on the listing description, the property may be of interest to buyers who are comfortable with substantial renovation work.
Potential buyer profiles include:
- Real estate investors
- Contractors
- Experienced rehabbers
- Buyers seeking a renovation project
- Buyers looking for a large lot
- Buyers interested in garage/workshop space
- Investors evaluating long-term rental opportunities
- Buyers with sufficient cash or renovation financing
It may be less appropriate for someone expecting a move-in-ready property without substantial upfront work.
Quick Facts About 115 S Scott St
Address: 115 S Scott St, Lima, OH 45804
Price: $30,000
Bedrooms: 4
Bathrooms: 2 full
Living Area: 1,514 sq. ft.
Lot: 0.47 acres
Year Built: 1920
Property Type: Single Family Residence
Stories: 2
Garage: Detached 3-car
Basement: None
Heating: Forced air, natural gas
Cooling: None listed
Water: Public
Sewer: Public
Zoning: Residential
HOA: None
Annual Taxes: $525
Tax Assessed Value: $36,000
Price/Sq. Ft.: $20
Condition: Fixer
Sale Condition: AS-IS
Listing Terms: Cash
MLS: 311682
Frequently Asked Questions
Is 115 S Scott St listed for $30,000?
Yes. The provided listing information shows an asking price of $30,000.
How many bedrooms does the property have?
The home has four bedrooms.
How many bathrooms are there?
There are two full bathrooms.
How large is the home?
The listing reports approximately 1,514 square feet of interior livable area.
How large is the lot?
The property sits on approximately 0.47 acres.
Does the property have a garage?
Yes. The listing reports a detached three-car garage.
Does the house have a basement?
No. The listing states that the property does not have a basement.
Is the property move-in ready?
The listing describes it as a fixer that needs significant renovation. Buyers should therefore expect that substantial work may be required.
Is the property being sold as-is?
Yes. The listing specifically describes the property as being sold AS-IS.
What type of heating does the home have?
The listing identifies forced-air natural-gas heating, with “See Remarks” also included in the heating information.
Does the property have air conditioning?
No cooling system is listed in the provided property information.
Does the property have public utilities?
Yes. The listing identifies public water and public sewer.
Is there an HOA?
No. The property is listed as having no HOA.
What are the reported property taxes?
The listing reports annual taxes of approximately $525 and a tax-assessed value of $36,000.
Can the property be financed with a mortgage?
The listing terms specify Cash. Buyers should speak directly with lenders about whether any financing or renovation-loan options are available for this property’s condition.
Final Thoughts on 115 S Scott St, Lima, Ohio
115 S Scott St presents itself as a renovation-focused real estate opportunity rather than a conventional move-in-ready home.
The property combines several characteristics that can attract renovation buyers: a $30,000 asking price, four bedrooms, two bathrooms, 1,514 square feet, a 0.47-acre lot, and a detached three-car garage.
Its location on a dead-end street near shopping, Lima Senior High School, and access to the City of Lima bike path adds additional context for prospective buyers.
However, the most important fact to remember is that the listing identifies the home as a fixer requiring significant renovation and states that it is being sold AS-IS.
That makes the property’s condition the central issue for any purchase decision.
Before committing to the property, buyers should inspect the structure, roof, electrical system, plumbing, heating, exterior, interior, garage, and other major components. Investors should also create a complete renovation budget and compare the expected total project cost with realistic values or rental income for comparable properties in Lima.
For someone specifically searching for an inexpensive Lima, Ohio fixer-upper with four bedrooms, nearly half an acre, and a detached three-car garage, 115 S Scott St offers a property profile worth investigating further—but the final economics depend heavily on the property’s actual condition and the cost of bringing it up to the buyer’s intended standard.
Real Estate Disclaimer
This article is an informational summary based on the property details supplied in the listing. Property information, including price, square footage, taxes, zoning, condition, utilities, and features, should be independently verified with the listing agent, seller, county records, inspectors, contractors, lenders, and other appropriate professionals before making a purchase decision.
The $30,000 figure is the listed asking price, not a guarantee of final transaction price or total investment cost. Renovation expenses can vary significantly, particularly for an older property described as a fixer. Buyers should perform appropriate inspections, title research, financial analysis, and legal due diligence before proceeding.
Listing information provided: Kody LaPoint, LPT Realty; MLS #311682; source listed as WCAR OH.
From Zillow
