Investment Opportunity in Amherst Schools! Welcome to 1721–1723 Urban Circle S., Lorain, OH! This charming side-by-side multifamily property offers fantastic curb appeal, a desirable neighborhood setting, and an excellent opportunity to start or expand your rental portfolio! Each unit features 2 bedrooms, 1.5 bathrooms, and a spacious, functional layout with a large eat-in kitchen. The units mirror one another, offering comfortable living spaces with several updates throughout. Both units have new entry doors, while 1723 also features mostly newer windows. Each residence includes its own private garage, providing convenient parking and additional storage space. Even better? Both units are occupied by long-term tenants who would love to stay, making this an attractive opportunity for investors seeking an established rental property. Located in the highly desirable Amherst Exempted Village School District, this property offers a great combination of location, functionality, and rental appeal. Total building area = 2,124 sq. ft. Unit size = 1062 Whether you're purchasing your first investment property or adding another door to your growing portfolio, this duplex deserves a closer look! Give me a call, and let's talk about making this investment opportunity yours!
Great Investment Opportunity in Lorain! Discover the potential of this well-located triplex, offering three separate living units and an excellent opportunity to generate rental income while building long-term investment value. The property features two lower-level units and one spacious upstairs unit: Upstairs Unit: 3 bedrooms and 1.5 bathrooms, Lower Front Unit: 2 bedrooms and 2 bathrooms, Lower Rear Unit: 1 bedroom and 2 bathrooms. The property has seen several recent updates, including nearly all replacement windows installed in 2022 and a new flat roof installed in 2023. Additional property features include a common basement laundry room and a detached two-car garage in the rear, providing valuable off-street parking and additional storage. Conveniently located near local amenities, shopping, dining, and major roadways, this property offers plenty of possibilities for investors. Whether you're an experienced investor looking to expand your portfolio or an owner-occupant seeking additional rental income, this Lorain triplex is worth a look. With multiple units, recent improvements, separate utilities, and a two-car garage, this property offers a variety of possibilities for its next owner.
Great investment opportunity in Lorain! This turnkey side-by-side 2-story duplex offers over 2,000 square feet of living space, with each unit featuring 2 bedrooms and 1 full bath. Each side has its own separate gas and electric meter, furnace, water heater, basement, and private driveway for parking, while the owner pays the water and trash. Situated on a nice-sized corner lot, this property offers a low-maintenance setup that makes it easy to keep existing tenants or begin building your investment portfolio. Located within walking distance of Lakeview Park, Lakeview Beach, and Admiral King Elementary, the location adds even more appeal for tenants. Whether you're an experienced investor or a buyer looking to live in one unit while generating rental income from the other, this property offers plenty of opportunity and flexibility!
Excellent opportunity to add a fully occupied 4-unit property with large detached outbuilding/garage to your investment portfolio producing $3200 per month in rent! Located at 1037 W 8th St in Lorain, this property is within walking distance of Downtown Lorain, offering convenient access to restaurants, entertainment, the waterfront, Black River Landing, and all that the revitalized downtown district has to offer. All four units are currently occupied with month-to-month tenants, providing immediate rental income along with flexibility for a new owner. Current monthly rents are $700, $700, $700, and $1,100, for a total gross monthly rental income of $3,200. The property has benefited from several important updates, including a roof approximately 5 years old, furnaces approximately 8 years old, and individual hot water tanks for each unit that are approximately 3 years old. Interior improvements include updated flooring throughout all units, new LED lighting, and renovated common areas featuring refinished steps, refreshed walls, and additional updates that enhance the overall appearance of the property. With all units occupied, $38,400 in current annual gross rental income, major mechanical updates already completed, and a convenient location near Downtown Lorain and the Lake Erie waterfront, this 4-unit property offers an attractive opportunity for both experienced and first-time multifamily investors.
Duplex opportunity in Lorain featuring two units, each with 2 bedrooms and 1.5 bathrooms. One unit is tenant occupied and the other is vacant. The vacant unit was recently renovated and is available for showings. The property offers flexibility for an investor or owner occupant, with additional value-add potential over time. Conveniently located near local amenities, shopping, and major roadways.
Great opportunity to own a spacious duplex in Lorain! Each unit offers a functional layout with an eat-in kitchen, living room, two bedrooms, and one full bathroom. One side features newer LVP flooring and new countertops, while the other side boasts new stained wood floors, an updated bathroom, and solar panels. Both units offer comfortable living spaces with convenient laundry access in the basement. A large rear parking area provides plenty of off-street parking. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, this duplex offers versatility and value.
Excellent investment opportunity featuring a fully occupied four-unit property in Lorain. This quadplex offers four separate units, providing diversified rental income and strong appeal for investors seeking to add an income-producing asset to their portfolio. The property is fully occupied, allowing a new owner to take over an established rental operation from day one. Conveniently located near shopping, dining, schools, parks, and major roadways, this property offers easy access throughout Lorain and surrounding communities.
County records classify the property as a duplex. Currently being utilized as a single family home, this property offers flexibility for investors or future owner-occupants. Currently occupied by a long-term tenant, providing immediate rental income. Tenant pays all utilities. Full basement, attic, detached garage, corner lot, and convenient location near schools, shopping, downtown Lorain, Lakeview Park, Black River Landing, and major highways. Opportunity for future value enhancement and rental upside.
ATTENTION INVESTORS AND ENTREPRENEURS!!! Located in the heart of Lorain, this spacious duplex at 2514 Reid Ave. offers an excellent investment opportunity with nearly 2,000 square feet of living space and reliable rental income! Both units are currently occupied, generating just under $2,000 per month in gross income. The lower unit features 3 bedrooms, 1 full bath, a spacious living room, dining room, and full kitchen, while the upper unit offers 2 bedrooms, 1 full bath, a living room, dining room, and full kitchen. A full, dry basement provides two separate laundry areas along with abundant storage space for tenants. Additional investor-friendly features include separate gas and electric meters, with the owner currently paying water, sewer, and trash. Outside, you'll find a fenced backyard, adding even more appeal for tenants. Whether you're looking to expand your rental portfolio or make your first investment purchase, this income-producing property is one you won't want to miss. Call today for more information! *Showings allowed after accepted offer. Please do not disturb the tenants.
Introducing a prime opportunity to own a versatile multi-unit century 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. The third floor is also a blank canvas that could be used in multiple ways. 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.
Brick ranch style duplex with center garage and each unit the same. 2 bedrooms, kitchen, eating area, living room and laundry. There is a separate crawl space access on each side. some updates include newer windows on east side, new screen doors, 1 newer water tank. Long term renters. A good opportunity for owner occupant or investor. Property has 2 lots. Home is on 1 lot and other is corner of 36th and Oakdale. total .25 acres.
Unique 2-family investment opportunity offering exceptional income potential/Also perfect for owner occupied use! Spacious vinyl-sided duplex features a total of 7 bedrooms/2 full baths w/flexible layout consisting of 3-bedroom, 1-bath main floor unit plus 4-bedroom, 1-bath second-floor unit. Situated on quiet street w/2 separate driveways, partially fenced yard & separate entrances for each unit, includes welcoming porch for one of the units. Property will be delivered vacant at closing, making it ideal for owner occupancy or for investors looking to maximize rental income. Second-floor unit complete & owner-occupied, while main-floor unit requires some finishing work, allowing the new owner to add value/build equity. Laundry has been conveniently added to each floor. Property appears to feature 2 furnaces, separate gas service & 2 updated electrical boxes, w/one hot water tank currently servicing the property. Affordably priced to allow for completion of remaining improvements while creating strong cash flow potential. High bedroom count makes this a desirable rental opportunity with excellent income possibilities for traditional or Section 8 tenants. Perfect addition to a growing portfolio or ideal for an owner-occupant looking to offset living expenses with rental income. Being sold as-is. Cash, hard money or DSCR financing only. Investment-friendly city with strong rental demand and excellent
Established rental property with ongoing income at 1347 Washington Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. Both units are currently occupied, with one renting for $1,199 on a month-to-month lease and the second generating $1,100 with a lease in place through 5/31/26, providing immediate cash flow. Utilities are structured with tenants responsible for electric and gas, while the owner covers water, sewer, and trash. The property features a functional layout with consistent rental demand in the area, supporting strong occupancy. A solid addition to a larger portfolio, this asset contributes reliable income within a diversified, income-producing package.
Partially leased property offering strong income growth potential at 1036 Oberlin Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This duplex-style property features one occupied unit generating $1,125 month-to-month, while the second unit is currently vacant, providing immediate upside through lease-up. Utilities are structured with the tenant paying electric and the owner responsible for water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, making it well-suited for continued income production. Ideal for investors seeking to expand their portfolio with a value-add component, this asset contributes to a larger package with built-in cash flow and long-term growth potential. Multiple properties must be purchased. Singular properties will not be considered. Reach out to co-listing agent for details.
Performing rental property with consistent returns at 1339 Washington Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied duplex produces strong, consistent cash flow with rents of $1,100 and $1,250 per month, both secured through leases expiring 3/31/27, providing long-term income stability. Tenants are responsible for all utilities, helping to minimize owner expenses and maximize returns. The property offers a functional layout with solid rental demand in the area, making it a dependable addition to a larger portfolio. Ideal for investors seeking stable, predictable income, this asset contributes to a well-performing, income-producing portfolio. Multiple properties must be purchased. Singular properties will not be considered. Reach out to co-listing agent for details.
Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential. Multiple properties must be purchased. Singular properties will not be considered. Reach out to co-listing agent for details.
Investment opportunity, or owner occupant wanted! This duplex on a quiet street is ready for you. The bottom unit has a long-term tenant, and the top unit is ready for you to customize. The bottom tenant pays $950 monthly creating strong cash flow! Three bedrooms and one bath on the first floor, and two bedrooms and one bath on the top floor. Close to everything Lorain has to offer, this is one you don't want to miss. The home is being sold as-is.
Beautifully maintained and thoughtfully updated brick property offering strong income potential and timeless character. This solid investment features four spacious one-bedroom apartments and one studio apartment, all currently occupied, providing immediate and consistent rental income. The second floor offers three one-bedroom apartments and one studio, each thoughtfully updated to blend modern comfort while preserving the building’s original charm. The lower level provides convenient laundry facilities and additional storage for tenants. Major improvements include renovations to all residential units, two new baseboard heating units (2025), six new hot water tanks and two new wall furnaces (2024), brick tuckpointing (2024), and a new roof (2022). Ideally located just minutes from Black River Landing and Lake Erie, the property offers convenient access to waterfront events, dining, and recreation. A rare opportunity to own a well-maintained investment property in a high-visibility location with established rental income. Schedule your private showing today.
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.
