517 Oberlin Ave. offers a fully modernized duplex in the heart of Lorainan excellent opportunity for both new and seasoned investors. Completely updated in 2024, this property features all new windows, flooring, paint, and thoughtful upgrades throughout, creating a clean, refreshed, low-maintenance investment. Both units are fully occupied, providing immediate rental income with stable tenancy already in place. Due to the residents' privacy, showings will be scheduled only with an accepted offer, but additional details, photos, and information can be provided upon request. Located near local amenities, transportation, and Lorain's expanding downtown corridor, this property is positioned for long-term growth and solid returns. A turn-key investment with modern appealreach out for rent rolls, utility information, and any further details you need.
Add to your investment portfolio, or occupy one unit while the other helps offset your mortgage. The larger unit’s lease ends July 2026, and the two-bedroom unit is leased through early 2027. The current tenant of the 2 bedroom unit has expressed interest in resigning and staying. Both tenants have been in place for over 20 years. A 24-hour notice is required to show the larger three-bedroom unit. The two-bedroom unit can be shown with an accepted offer. Rents are currently below market and present an opportunity for increases with improvements and upgrades.
Rare opportunity to own a piece of Lorain history. The well-known Urban 19 Building presents an excellent investment opportunity with strong cash flow and room to grow. This beautifully maintained and updated brick property features four 1-bedroom, 1-bath apartments and one studio apartment, all tastefully updated and fully occupied. Four of the five units include newer heating systems, and residents enjoy wide, spacious hallways that add comfort and charm throughout the building. The property also offers a street-level storefront that is currently vacant, providing great potential for additional rental income or an ideal owner-operated business space. Current residential rents generate $3,450 per month, with upside available by leasing the commercial unit or adjusting rents. Major updates include a newer roof and six newer hot water heaters, ensuring long-term durability and peace of mind. Located near Black River Landing, Lake Erie, and Lorain’s growing downtown waterfront events and recreation, this property is positioned in one of the city’s most vibrant and revitalizing areas. The Urban 19 Building is a rare blend of character, updates, location, and income potential—don’t miss your chance to own a piece of Lorain’s history!
Motivated seller is ready to sell this profitable investment property. Long time tenants on month-to-month lease and they would like to stay. Two homes on one lot. Also a great option for owner-occupants in one home and rental income from the other. Sold AS IS -- seller will not make repairs. Roof on both homes 3 years along with gutters. Hardwood floors front house.
Discover this stunning brick duplex, boasting nearly 2,500 square feet of beautifully renovated space. Every inch of this property has been meticulously updated, featuring brand new electrical and plumbing systems, pristine flooring, and fresh paint throughout. Both kitchens have been completely remodeled, along with all bathrooms, showcasing sleek, modern finishes. The home is equipped with a new HVAC system, roof, and hot water tank, ensuring comfort and efficiency year-round. Enjoy the convenience of brand new appliances, which will remain with the property, and appreciate the fresh concrete work on the driveway, sidewalk, and garage floor. New light fixtures, drywall, doors, and windows further enhance the home's appeal. Both porches have been tastefully updated, and a smart thermostat adds a touch of modern living. The bathrooms feature LED mirrors, providing a luxurious touch to your daily routine. Some new ductwork has been installed, and all ducts have been thoroughly cleaned for improved air quality. The main floor is home to a spacious 3-bedroom, 1.5-bath layout with basement access, while the upper level offers 2 bedrooms and a full bath, making it ideal for an investor looking to add a brand new place to their portfolio, multi-family situation or an owner-occupant seeking additional income through rental. The expansive basement provides ample storage, complete with two washer and dryer hookups and walkout access. New clean out for the sewer has recently been added as well. A detached garage adds further convenience and value. This property is not only a fantastic investment opportunity but also a perfect home for those looking to accommodate extended family or enjoy the benefits of rental income. Don't miss your chance to own this beautifully updated duplex!
Discover comfort and convenience in this well-maintained 2-bedroom side-by-side duplex located on Lorain’s desirable east side! Just minutes from Lake Erie, shopping, parks, schools, churches, and so much more — this property offers the perfect blend of location and lifestyle. Ideal for homeowners or investors alike. Bright and efficient floor plan designed for easy living. Enjoy the beauty of Lorain’s lakeside living with all the conveniences right at your doorstep.
Don’t miss this well-maintained 3-bedroom side-by-side duplex located on Lorain’s desirable East Side! Just minutes from Lake Erie, beautiful parks, schools, shopping, and local dining, this property offers both comfort and convenience. Each unit features spacious living areas, bright kitchens, and plenty of storage. Perfect for owner-occupants looking to live in one unit and rent the other, or investors seeking reliable rental income in a growing area. Enjoy being close to everything while still in a peaceful residential neighborhood. Whether you’re expanding your portfolio or looking for your next home, this duplex is a smart buy with strong long-term potential.
Just a few minutes from the shores of tranquil Lake Erie and Lorain County Community College, this side-by-side duplex offers the perfect blend of convenience, location, and long-term potential. One unit is already rented, while the other is move-in ready, giving you instant income and flexibility to live in one side or rent out both. Each unit includes two bedrooms and one bath, a bright, inviting living area, kitchen, and utility room, all finished with modern, low-maintenance LVP flooring that stands up beautifully to everyday living. Step out back to find two private decks overlooking a spacious yard, offering room for gardening, fencing, or future outdoor upgrades to boost value and charm. The property’s smart, simple design makes upkeep a breeze and ensures lasting appeal for tenants, including the endless source of tenants from nearby Lorain County Community College! Close to campus, close to the coast, this is an investment that’s built to earn and ready to grow.
Discover an exceptional investment opportunity! This spacious and updated duplex boasts 6 bedrooms and 2 full baths across 2,784 square feet in a classic two-story layout. Situated on a generous 0.22-acre lot with a fenced backyard and convenient driveway parking, it’s ideal for maximizing rental income. This property presents a promising canvas for investors looking to add value and capitalize on Lorain's vibrant market.
Incredible investment opportunity in Lorain! This five-unit income property with an additional office space is fully occupied except for the office, generating over $4,200 per month with room to grow. The building features three 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, offering a great mix for steady rental demand. The office space includes its own bathroom and provides endless potential. Rent it out for additional income or transform it into a salon, beauty parlor, or small business suite. The property offers a solid brick exterior, plenty of off-street parking for tenants and guests, and a prime location near downtown Lorain, Lakeview Park, shopping, and highways. Don't wait to add this turnkey multi-unit property to your portfolio.
Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units—each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. Both units have recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package—sold together with adjacent duplexes at 2315 and 2317 Homewood—sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location, this investment promises long-term growth, stability, and excellent returns for savvy investors looking to capitalize on Lorain's rental market.
Introducing a prime opportunity to own a versatile multi-unit building in Lorain. This property features multiple income-generating residential units on the upper floors, while offering complete flexibility on the first floor—ideal for a variety of uses. Whether you're envisioning a retail storefront, office space, café, wellness studio, or a spacious ground-level apartment, the first floor is a blank canvas ready to be tailored to your specific vision, making it ideal for owners, investors, or business operators looking for adaptable space.This building offers both immediate functionality and long-term potential. Whether you're looking to live and work in one place, lease out multiple units, or run a business from home, this property gives you the flexibility to shape it to your needs. Both units are currently leased, showings with accepted contract only.
Welcome to 3934 Gary Avenue, a spacious duplex located in the Homewood subdivision of Lorain. This property offers an excellent opportunity for investors looking for steady rental income with strong long-term potential. Featuring two large units, each side offers approximately 1,344 square feet of comfortable living space with a practical layout. Every unit includes 2 bedrooms, 1 full bath, a sizable living room with hardwood floors, a functional kitchen, and access to a full private basement with laundry hookups and plenty of storage. Currently, both units are tenant-occupied on month-to-month leases, bringing in a combined monthly income of $1,500, making this a true turnkey investment. The home has been thoughtfully updated with a new roof in 2019, new furnaces in 2019, and energy-efficient systems that help reduce long-term maintenance costs. Tenants pay all utilities, including gas, electric, water, sewer, & trash, while the owner is only responsible for property taxes, which helps keep operating expenses low. Both units feature wood flooring in bedrooms and living areas, vinyl flooring in the bathrooms, and glass block windows in the basements for natural light and durability. Outside, the home has vinyl siding, a full covered front porch, a long paved driveway offering off-street parking, and additional street parking for convenience. The backyard is generously sized, partially fenced, landscaped, and includes a storage shed, providing outdoor space & functionality. With unfinished basements for each unit, there is ample room for storage or potential to enhance for future value. Located close to shopping, restaurants, schools, and major highways, the property is well-positioned to attract consistent rental demand. With reliable income, separate utilities, and key updates already in place, this duplex is a fantastic addition to any portfolio. Don’t miss your chance to own a solid, income-producing property in Lorain with room for growth and long-term returns!
This fully occupied, professionally managed 3-property single-family portfolio in Lorain and Elyria is cash-flowing at an 8.78% cap rate, with a 12.37% cash-on-cash return and a 1.5 DSCR at 75% LTV. It generates $4,070/month ($48,480 annually) with a current NOI of $32,927. Tenants pay all utilities, and there are no Section 8 tenants. ARV is estimated near $500,000 based on single-family comps, offering over $150,000 in potential equity through resale. Recent updates include new hot water tanks and furnaces at 509 Lake and 1872 E 30th, a new roof and sewer line repairs at 509 Lake, full interior renovation at 1415 W 20th, and additional upgrades at 1872 E 30th. All major capital work has been completed and future maintenance is projected around 5%. Properties include 1872 E 30th St in Lorain (5 bed, 2 bath, leased through Dec 2026), 509 Lake Ave in Elyria (4 bed, 2 bath, month-to-month), and 1415 W 20th in Lorain (3 bed, 1.5 bath, leased through Feb 2027). Professionally managed at a 13% fee with repair expenses inflated by prior capital improvements—new management can reduce operating costs to 5–8%. Located near University Hospitals Elyria, Lorain County Community College, and Lake Erie, with over $67M in local infrastructure investment supporting long-term growth. Full due diligence package available. No showings until accepted offer. Seller prefers to sell as a package but may consider splitting. Additional portfolios also available.
This property is ready for a renovation and holds significant value-add potential! You will be well-positioned to capture built-in equity upon completion of your updates. Still on the fence? The first room off the living room in the lower unit, as well as the attic in the upper unit, are ideal for conversion into additional bedrooms—further boosting rental income or making more room for yourself as an owner occupant. Currently a duplex but potential to convert to large single family if you choose to go through the proper city channels to do so. Grab your tools and capitalize on the sweat equity this home can offer.
This is an incredible investment opportunity you won't want to miss! Presenting a quadraplex featuring four spacious 2-bedroom, 1-bath apartments, each recently updated with new vinyl flooring, modern lighting, fresh paint, and renovated kitchens and bathrooms. The property has also seen significant upgrades in its electrical and plumbing systems, ensuring a hassle-free experience for both owners and tenants. But that's not all! This unique property includes an additional storefront that opens up a world of possibilities. Whether you're looking to establish a salon, clothing store, grocery shop, or even a small event space, this versatile area is perfect for launching your business venture. With the potential for multiple income streams, this quadraplex is not just a home; it's an investment that combines residential and commercial opportunities. Don't miss your chance to capitalize on this piece of real estate! Parcel includes 1820,1822 and 1832 Long Ave.
Over 2700 sq. ft. two family offers three bedrooms In both units plus expansion possibilities on the huge the third floor. Attached one car garage as well. Across from Park and close to schools. First floor has in-suite laundry room plus large Eat in kitchen. Approximately 9 foot ceilings. Vinyl flooring 2025. First floor, kitchen and baths updated 2025. First floor and some of Second floor has new carpet in 2025. Windows have been replaced overtime. A great opportunity to own a large two family with tons of space and expansion possibilities.
Calling all investors, Do it yourself rehabbers and/or anyone who would like to bring this home back to it's former glory. Many possibilities. Spacious Duplex two bedroom and one bath on each level. Home has been partially started. Blank canvas awaiting your finishing touches. Home is close to schools, downtown Lorain, Lakeview Park, Black River Landing, shopping and major highways.
Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, [email protected], 844-400-XOME (9663), 11427 Read Hartman Hwy, Suite 236, Cincinnati, OH 45241
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Lorain is located in Ohio. Lorain, Ohio has a population of 65,051. Lorain is less family-centric than the surrounding county with 22.46% 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 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 is 38.2 years.
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.
