540 S Collins Ave, Lima, OH 45804
Property image
Property image
OFF MARKET

$103,500

Trulia Estimate
as of Sep 13, 2026
  • 2 Beds
  • 1 Bath
  • 700 sqft

540 S Collins Ave, Lima, OH 45804

Home Highlights

Single-Family Home
700 sqft
$148/sqft

Local Information

  • Map ViewExplore the area around 540 S Collins Ave.
  • Schools1 Preschool School4 Elementary Schools3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

**Updated 2-Bedroom Home with Full Basement in Convenient Lima Location**

This charming 2-bedroom, 1-bathroom home at 540 S. Collins Ave has been updated and is available immediately. The home features an updated kitchen with refrigerator and stove, fresh paint, newer flooring throughout, new windows and window coverings, and new light fixtures.

The full basement provides plenty of additional storage space and includes washer and dryer hookups. The home also features keyless entry and deadbolt locks on all exterior doors for added security.

Outside, you'll find a newer roof and a storage shed.

The location is convenient to shopping, restaurants, hospitals, employment centers, major roads, and everyday amenities. A convenience store and gas station are located next door, with a grocery store across the street. Lima Memorial Hospital, major employers, and access to I-75, State Routes 309 and 117, and Reservoir Road are all nearby.

Resident is responsible for all utilities. Water, sewer, and garbage are added to the monthly rent and typically range from $100-$130 depending on the number of occupants.

Pets are welcome. A minimum $300 pet deposit per pet and $30 per month per pet apply.

To schedule a showing please request a link to our free questionnaire.
540 S Collins Ave, Lima, OH 45804 is a 2 bedroom, 1 bathroom, 700 sqft single-family home. It last sold for $30,000 on Jul 29, 1994 (2,532% above the $1,140 asking price). More recently, it was listed as a rental in August 2026 with an asking price of $1,140 per month. That rental listing was removed on September 13, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $103,500, with a rent estimate of $1,167/month.

Home Details for 540 S Collins Ave

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Contact For DetailsAvailable: now

Comparable Sales for 540 S Collins Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
402 S Roberts Ave, Lima, OH
0.21
Single-Family Home
$40,000
07/31/26
2
1
936 sqft
651 S Dana Ave, Lima, OH
0.16
Single-Family Home
$50,000
06/25/26
3
1
1,447 sqft
145 N Dana Ave, Lima, OH
0.57
Single-Family Home
$40,000
03/06/26
2
1
672 sqft
1580 Linden St, Lima, OH
0.20
Single-Family Home
$93,000
09/18/25
2
1
1,284 sqft
1103 E Franklin St, Lima, OH
0.50
Single-Family Home
$13,000
02/02/26
2
1
680 sqft
1103 Franklin St, Lima, OH
0.50
Single-Family Home
$13,000
01/13/26
2
1
680 sqft
1224 E Market St, Lima, OH
0.54
Single-Family Home
$32,500
12/29/25
2
1
1,408 sqft
323 Calumet Ave, Lima, OH
0.53
Single-Family Home
$55,000
10/14/25
2
1
960 sqft
412 S Roberts Ave, Lima, OH
0.19
Single-Family Home
$133,000
10/17/25
3
1
1,040 sqft
159 S Dana Ave, Lima, OH
0.42
Single-Family Home
$116,600
05/01/26
2
1
864 sqft

Nearby homes

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Rental Market Trends in Lima

Last updated Sep 2026
Trulia Rent Estimate$1,167/mo
Average rent
$1.3K
$99MoM
Available listings
66
View rental market trends in Lima, OH

Around this home

What Locals Say about Lima

At least 154 Trulia users voted on each feature.

  • 92 % Say car is needed

  • 81 % Say parking is easy

  • 80 % Say yards are well-kept

  • 79 % Say it's dog friendly

  • 72 % Say there are sidewalks

  • 69 % Say there's holiday spirit

  • 65 % Say kids play outside

  • 47 % Say neighbors are friendly

  • 44 % Say they plan to stay for at least 5 years

  • 42 % Say there's wildlife

  • 42 % Say people would walk alone at night

  • 41 % Say streets are well-lit

  • 39 % Say it's walkable to grocery stores

  • 37 % Say it's quiet

  • 27 % Say it's walkable to restaurants

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Virgo970
    "Very pet friendly. Lot of people walking dogs and enjoying the quiet neighborhood streets. Local park in walking distance. "
    4
    Flag
  • Aquintero
    "I feel safe in my neighborhood. I go for jogs, bike rides daily. It is a great place to raise a family."
    0
    Flag
  • Teresa E.
    "everyone walks their dogs and visit with neighbors while doing so. There are no problems with people walking their pets in our neighborhood everyone is friendly and gets along."
    15
    Flag
  • Connie S.
    "people look out for other people's dogs and genuinely care for their wellbeing it's a nice neighborhood "
    1
    Flag
  • Ellesun750
    "Simple, though kind of indirect. It’s easy to get to major spots, but might take catching a couple different buses or walking to get from point a to b."
    1
    Flag
  • Aaron
    "yes, you see dog walkers frequently in my neighborhood. it is also common for neighbors to know each other's dogs"
    0
    Flag
  • Tsinger1959@gmail.com
    "I just want too move to the country. I hate living in lima. neighbors are to close and to much crime. "
    0
    Flag
  • Pete P.
    "I have lived here in the Sharon Park division of America Township for 20 years. It was a great place to raise a family and the Shawnee school system is consistently ranked one of the best in the State of Ohio. "
    0
    Flag
  • Kayla M.
    "in my neighborhood not much goes on. maybe a 4th of July party but other than that nothing maybe a little shooting here and there but its simple hete."
    4
    Flag
  • Lynne W.
    "Some ‘dog-walkers’ carry a ‘poop’ sack w/then when they walk their dogs in the neighborhood (which is great)! Other people let their dogs ‘poop’ in people’s yards & are too lazy to ‘clean up the mess!! Nobody likes ‘stepping’ in a pile of ‘dog poop’! Yuck!! 😆👎"
    5
    Flag
  • Jmcph61
    "I live around family and just down the street is where I grew up. I still have friends living here so it’s a quiet neighborhood and I feel safe here"
    5
    Flag
  • Tonya H.
    "I have lived in my area for 13 years, and I have not had any issues. For the most part, the neighbors are really good."
    4
    Flag
  • Jaydenweltmer
    "I have lived in Lima for my whole life and I love everything about it. I love downtown and all of the parks "
    4
    Flag
  • Bbush6
    "This is a wonderful area to live in. Close to church, schools, shopping and restuarants. "
    0
    Flag
  • lizard45801
    "My husband & i have lived here 4 years. We've had very little problems. The house is great. Most of our neighbors are social. They have looked out for us since we've lived here. The only problems are: we have no stores that are really close for those who have to walk or ride a bus. Although, we do have a nice carry out on Vine St. & Saint Johns. Also, there's a gas station close on Saint Johns that's convienant. There are 3 close schools. I feel safe in letting my grand kid play in the yard. Our neighborhood is safe & friendly. We can have cook outs & lots of fun. We sit by the fire at night in the summer & listen to music. Won't you be my neighbor?"
    8
    Flag
  • Cullen C.
    "This is a very community oriented area in a fast improving and upcoming community in one of the untapped gems of the Lima/Allen county area of OH. Great value. Hidden Gem."
    0
    Flag
  • Annmelissa_7
    "My husband and I have lived a lot of places all over the country. Living in Bath Township has been amongst our favorite places to live. It's quiet, friendly, safe, and open. We have appreciated the solid educational foundation the schools have given to our children, and the community itself seems to care about our children. Even though we are not from Bath, we have loved living here."
    0
    Flag
  • Tmneu
    "Low traffic, great for children!"
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Sep 13, 2026
Source: Zillow Rentals
ListingRemoved
$1,140
Aug 27, 2026
Source: Zillow Rentals
Listed For Rent
$1,140
Dec 24, 2023
Source: Zillow Rentals
ListingRemoved
Dec 5, 2023
Source: Zillow Rentals
Listed For Rent
$1,000
Nov 9, 2023
Source: Zillow Rentals
ListingRemoved

Frequently asked questions about 540 S Collins Ave

  • What is 540 S Collins Ave estimated to be worth?
    Trulia's estimated value for 540 S Collins Ave in Lima, OH is $103,500.
  • What is the price history for 540 S Collins Ave?
    540 S Collins Ave in Lima, OH last sold for $30,000 in July 1994.
  • Is Lima a buyer's or seller's market?
    Lima is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Lima?
    The median sale price in Lima is $155K. That is down $1.07K from the prior month.

Homes for rent near 540 S Collins Ave

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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