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1347 Washington Avenue

Lorain, OH 44052

$158,750 $669/Mo

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Overview

Bed

Bath

0.09

Acre(Lot)

Description

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.

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Property Details

Property Type : Residential Income

Price : $158,750

AD Id : 77834156

MLS Id : 5205321

Beds : 4

Lot Size : 0.09 Acre

Tax Amount : 1012.00

Year Built : 1900

County : Lorain

Subdivision: Rhawnhurst

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 8 Has Basement: Yes Basement: Other
Roofing Information

Other
Interior Features

Roof: Other
Heating & Cooling

Has Heating: Yes Heating: Other Has Cooling: Yes Cooling: Other

Building Information

Year Built: 1900 Construction Materials: Other Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.09 Acres Lot Size Acres: 0.09 Lot Size Source: Appraiser

Property Information

Subdivision: Chamberlain Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 126

Listing Price Information

Listing Price: $158750 Original Price: $167000

Tax Information

Parcel Number: 02-01-006-127-025 Tax Year: 2025 Annual Tax: $1012 Tax Legal Desc: CHAMBERLAIN 54.50 X 75 LAND CONTRACT 5/2/17 20170628019

Parking Information

None

Location Information

Direction: Lorain WaterSource: Other

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Nearby Home Value

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1404 Long Avenue, Lorain, OH, 44052	$325,000	4	5	--	0.07 Acre
1339 Washington Avenue, Lorain, OH, 44052	$158,750	6	2	--	0.09 Acre