Under Contract

1850 Washington Ave. Ave

Lorain, OH 44052

$334,900 $1,411/Mo

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Overview

Bed

Bath

0.14

Acre(Lot)

Description

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.

Property Details

Property Type : Residential Income

Price : $334,900

AD Id : 75321529

MLS Id : 20254144

Lot Size : 0.14 Acre

Year Built : 1900

County : Lorain

Map

What's Nearby

Nearby Areas

Features

Room Information

Basement: Crawl Space
Roofing Information

Asphalt, Rubber
Interior Features

Roof: Asphalt, Rubber
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air

Building Information

Year Built: 1900 Construction Materials: Brick Private Pool: No

Lot Information

Lot Dimensions: 42x150 Lot Size Acres: 0.1446 Lot Size Square Feet: 6299

Listing Price Information

Listing Price: $334900

Tax Information

Parcel Number: 0201006138037

Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
407 W 22nd Street, Lorain, OH, 44052	$135,000	4	2	--
1813 Lexington Avenue, Lorain, OH, 44052	$99,900	7	2	3,225	3,225 SqFt
508 W 23rd Street, Lorain, OH, 44052	$155,000	4	2	2,274	2,274 SqFt
1702 Lexington Avenue, Lorain, OH, 44052	$115,000	4	2	1,441	1,441 SqFt
444 W 13th Street, Lorain, OH, 44052	$90,000	6	2	1,772	1,772 SqFt
1404 Long Avenue, Lorain, OH, 44052	$325,000	4	5	--
1347 Washington Avenue, Lorain, OH, 44052	$165,000	4	2	--
1339 Washington Avenue, Lorain, OH, 44052	$165,000	6	2	--
526-528 Hamilton Avenue, Lorain, OH, 44052	$199,900	3	2	2,231	2,231 SqFt
2400 Oberlin Avenue, Lorain, OH, 44052	$215,000	5	3	2,224	2,224 SqFt

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Firelands Association of REALTORS®. 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 ©2026 Firelands Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/06/2026 @ 08:37

MLS: 20254144 LISTED BY: Kyle Recker, Howard Hanna - Port Clinton SOURCE: Firelands Association of REALTORS