1101 W 5th Street
Lorain, OH 44052
4
Bed
2
Bath
2,066Sqft
0.13Acre(Lot)
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 of
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 10 Has Basement: Yes Basement: Full, Interior Entry, Storage Space, Unfinished -
Roofing Information
Asphalt, Fiberglass -
Interior Features
Ceiling Fan(s), Eat-in Kitchen Roof: Asphalt, Fiberglass Laundry Features: Inside, In Basement, Lower Level Window Features: Insulated Windows -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s), Window Unit(s)
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Building Information
Year Built: 1950 Construction Materials: Block, Concrete Stories: 2 Pool Features: None Private Pool: No View: City -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 0.13 Acres Lot Size Acres: 0.13 Lot Size Source: Owner Lot Description: LevelProperty Information
Subdivision: Downtown Lorain Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 76
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Listing Price Information
Listing Price: $159900 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 02-01-006-111-033 Tax Year: 2025 Annual Tax: $1440 Tax Legal Desc: O P C 65 X 92 LOT # 250-1
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Parking Information
Driveway
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Location Information
Direction: Oberlin Ave to West 5th st. Go east and property will be on your right hand side WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1926 Hancock Street, Lorain, OH, 44052 | $175,000 | 4 | 4 | -- | 0.30 Acre |
| 1839 Randall Street, Lorain, OH, 44052 | $190,000 | 6 | 4 | -- | 0.21 Acre |
| 2514 Reid Avenue, Lorain, OH, 44052 | $164,000 | 5 | 2 | 1,952 | 0.14 Acre |
| 407 W 22nd Street, Lorain, OH, 44052 | $128,750 | 4 | 2 | -- | 0.17 Acre |
| 605 W 36th Street, Lorain, OH, 44052 | $210,000 | 4 | 2 | 1,736 | 0.25 Acre |
| 1813 Lexington Avenue, Lorain, OH, 44052 | $94,500 | 7 | 2 | 3,225 | 0.17 Acre |
| 818-824 S Central Drive, Lorain, OH, 44052 | $222,000 | 9 | 4 | 3,624 | 0.33 Acre |
| 700 W 17th Street, Lorain, OH, 44052 | $64,900 | 4 | 2 | 1,664 | 0.11 Acre |
| 1404 Long Avenue, Lorain, OH, 44052 | $325,000 | 4 | 5 | -- | 0.07 Acre |
| 1347 Washington Avenue, Lorain, OH, 44052 | $158,750 | 4 | 2 | -- | 0.09 Acre |
Similar Multifamily To 1101 W 5th Street
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 10/03/2026 @ 13:09
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