Lorain OH Multi Family for Sale
$214,900
4400 Meister Road Lorain, OH 44053
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.08 Acres
- Year built:
- 2001
- Baths:
- 3.00
- MLS#:
- 5090878
- Subdivision:
- Erie-Beach Allotment
ADDITIONAL INFORMATION
Attention Investors! Are you looking to add a property to your Real Estate Investment portfolio? 4400-4408 Meister road is a property that will produce income! The property was just built in 2001, all major mechanical systems, are built to modern standards and in good operating condition. Both units are fitted with Central air, the garage side unit A/C was replaced in 2024. The property also offers plenty of parking, with three driveways and one attached garage. The garage unit is a bit larger offering; two bedrooms, two bathrooms, a spacious living room and large kitchen with solid cabinetry and counter space. Just off of the kitchen is an addition to the original dwelling allowing for an office, an additional bedroom or living space. The basement offers an abundance of additional living space, storage and a half bathroom. The second unit is a bit smaller but is still a good size two bedroom unit with one bathroom, a large living room and spacious kitchen. The left unit also has basement access which allows for plenty of storage. You don't want to miss out on this property, call your favorite Realtor for a private showing today.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.22 Acres
- Year built:
- 1979
- Baths:
- 2.00
- MLS#:
- 5086634
- Subdivision:
- Edgewood Estate Sub
ADDITIONAL INFORMATION
New roof as of December 2024. Reason it is back on the market. Complete tear off was done. Will give buyer the information for the company that did the work as the warranty will transfer with purchase. Well maintained multi-family home in a very desirable neighborhood. This up/down multi-family home is perfect for investment income or a house hack where you live in one unit and rent the other. There is an attached garage and fenced backyard. Current tenants in-place until 7/25 at $1100/$1100 that pay all utilities including water. There are laundry rooms in both units with owner provided washer/dryer in each unit. This is an excellent opportunity to get into real estate investing with a turn-key property with long term tenants in place.
$265,900
380 N Ridge Road Lorain, OH 44053
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 6.2 Acres
- Year built:
- 1978
- Baths:
- 3.00
- MLS#:
- 5084757
ADDITIONAL INFORMATION
Rare opportunity for Real Estate investors. Several ways to optimize your profits. First floor offers 1,600 square foot open space that can be utilized as a business space or can be refigured for an apartment rental. Second floor has 2 units, 1100 sq feet each with 2 bedrooms each. All three units are vacant. This property is sitting on 6.2 acres. Lots of possibilities. Front of lot is zoned R3 and behind buildings is zones R1B. The house and outbuildings on east side of Triplex are not being sold and there will be a lot split after the purchase agreement is in place. This property is less than one mile from Route 2.
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Lorain Real Estate
The median home value in Lorain, OH is $113,400. This is lower than the county median home value of $214,100. The national median home value is $338,100. The average price of homes sold in Lorain, OH is $113,400. Approximately 48.23% of Lorain homes are owned, compared to 40.11% rented, while 11.66% are vacant. Lorain real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lorain real estate agent to arrange a tour today!
Lorain, Ohio 44053 has a population of 65,051. Lorain 44053 is less family-centric than the surrounding county with 22.23% of the households containing married families with children. The county average for households married with children is 27.46%.
The median household income in Lorain, Ohio 44053 is $42,201. The median household income for the surrounding county is $62,390 compared to the national median of $69,021. The median age of people living in Lorain 44053 is 38.2 years.
Lorain Weather
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 19.3 degrees. The average rainfall is approximately 38.9 inches per year, with 51.3 inches of snow per year.