Lorain OH Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
3
Lot size:
0.15 Acres
Year built:
1900
Baths:
2.00
MLS#:
5073960

ADDITIONAL INFORMATION

Investors take note! New main roof and the upstairs unit has been renovated with new drywall and paint! This double has lots of potential for the investor seeking a ready to rent unit recently rehabbed. Longer term traditional tenant in the down unit $825/month and tenant would like to stay; the up unit is vacant. Large basement has plenty of storage and laundry hookups. Large backyard perfect for tenant recreational activities. Down unit has pass through to bathroom; could be additional bedroom. Seller will make no further repairs. Professional property mgmt in place. Do not disturb down tenant, this unit can be inspected after accepted offer.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.15 Acres
Year built:
1900
Baths:
2.00
MLS#:
5074264
Subdivision:
Highland Add

ADDITIONAL INFORMATION

Great investment opportunity in Lorain. This home is under construction but has new exterior doors, a new roof, new gutters, a new hot water tank, a new furnace, and new plumbing on the first floor. On the second floor the plumbing is roughed in but not completed. Also, new electrical work is mostly done on the first floor and roughed in on the second floor. The basement has been waterproofed, and the first-floor bathroom has already been remodeled. Don't miss your chance to invest in real estate.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
6
Lot size:
0.16 Acres
Year built:
1900
Baths:
2.00
MLS#:
5071950
Subdivision:
Sheffield Land Companys

ADDITIONAL INFORMATION

6 bedrooms this side by side multi family home offer 2 units each with 3 bedrooms, 1 bath, living room, dinning area, eat-in kitchen and full separated basement under each unit. Off Street parking shared garage and large backyard.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.27 Acres
Year built:
1942
Baths:
2.00
MLS#:
5068756

ADDITIONAL INFORMATION

Welcome to this fully renovated duplex, meticulously updated from top to bottom! This property offers two identical units, each featuring 2 bedrooms and 1 bathroom, perfect for investors or owner-occupants looking to offset their mortgage with rental income. Inside, you'll find brand new everything—from the windows and doors to the flooring and bathrooms, offering a modern and fresh feel throughout. The floor joists have been replaced to ensure a solid foundation for years to come, as well as a new furnace. The property also boasts a spacious backyard, perfect for outdoor entertaining or gardening, and off street parking, offering added appeal for tenants. With gross rental potential of $2,400/month, this is an excellent opportunity to generate steady income. Move-in ready and full of upgrades, this duplex is a prime investment waiting for its new owner with nothing to do other than find your future tenants! Don’t miss out on this turn-key opportunity.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Lot size:
0.17 Acres
Year built:
1949
Baths:
2.00
MLS#:
5062120
Subdivision:
Homewood

ADDITIONAL INFORMATION

Great investment opportunity, each unit offers approx 900 sq ft with separate unfinished Basements with washer/dryer hookups. Tenants pay electric & gas. Tenants on both sides and would prefer to stay, both on month to month agreements.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
0.09 Acres
Year built:
1905
Baths:
MLS#:
5055272
Subdivision:
Stecks Tenth Ave Allotment

ADDITIONAL INFORMATION

Discover the potential of this roomy brick double, boasting 2600 sq ft of open living space, complemented by an additional 1300;sq ft full basement!*Also offers a 22x8 rear patio off first floor and 22x8 rear balcony off second floor*Ideal for investors or contractors, this property is situated in a fantastic location near parks, schools, and the scenic shores of Lake Erie*The spacious, versatile layout is perfect for a total rehab, allowing you to customize and create your dream space!* Enjoy the benefits of a large parking area and a private backyard, offering ample space for outdoor activities and relaxation*Don’t miss out on this unique opportunity to invest in a prime location and transform this property into a beautiful home or a lucrative Multi-Unit rental!

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Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 2939 Vernon Place, Suite 300, Cincinnati, OH 45219


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Yes MLS. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Yes MLS. All rights reserved.



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 44055 has a population of 65,051. Lorain 44055 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 44055 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 44055 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.

Lorain Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    58
    30-day change

Lorain Schools and Demographics

Education near Lorain, OH

Metric City County
High School Graduates 83.8 90.9
College Degree - 2 year 10.04 10.54
College Degree - 4 year 12.75 25.99
Graduate Degree 3.04 7.27
Expenditures per Student 15,914 15,914
Students per Teacher 17.7 17.7

Elementary Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
Admiral King Elementary School KG - 06 380 18.6 44052
Frank Jacinto Elementary School PK - 06 320 14.2 44052
Garfield Elementary School PK - 06 305 18.7 44055
Hawthorne Elementary School KG - 06 311 16.9 44052
Helen Steiner Rice Elementary School Elementary PK - 06 355 15.7 44055
Larkmoor Elementary School PK - 06 453 21.7 44052
Palm Elementary School KG - 06 246 22 44055
Stevan Dohanos Elementary School KG - 06 352 17.8 44055
Toni Wofford Morrison Elementary School Elementary PK - 06 331 16.2 44052
Vincent Elementary School PK - 05 606 21.6 44055
Washington Elementary School KG - 06 413 19.2 44052

Middle Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
Constellation Schools: Lorain Community Middle 05 - 08 127 13 44052
Forestlawn Elementary School 05 - 05 120 18.9 44054
General Johnnie Wilson Middle School 07 - 08 459 14.6 44052
Longfellow Middle School 07 - 08 538 16 44052
Sheffield Middle School 06 - 08 409 15.1 44054
William Barr Elementary School 04 - 04 123 15.5 44054

High Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
Brookside High School 09 - 12 533 14.4 44054
Clearview High School 09 - 12 509 17 44052
Credit Recovery Academy 09 - 12 214 21.3 44055
Lorain High School 09 - 12 1,803 18.4 44052

Ungraded Schools near Lorain, OH

School Grades Students P/T Ratio ZIP
* Summit Academy Secondary - Lorain 09 - 12 83 7 44052
Horizon Science Academy Lorain KG - 11 580 13.3 44052
New Beginnings 06 - 12 92 10.5 44055

Demographics near Lorain, OH 44055

Metric Zip Code City
Neighborhood Type Suburban
Population 65,051 311,737
Population Density 2,748 635
Median Age 38.2 41.9
People per Household 2.4 2.5
Median Household Income 42,201 62,390
Average Income per Capita 23,444 33,799