Active

407 W 22nd Street

Lorain, OH 44052

$135,000 $569/Mo

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Overview

Bed

Bath

0.17

Acre(Lot)

Description

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.

Property Details

Property Type : Residential Income

Price : $135,000

AD Id : 77834147

MLS Id : 5205297

Beds : 4

Lot Size : 0.17 Acre

Year Built : 1900

Garage : 1

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: 10 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: 0.17 Acres Lot Size Acres: 0.17 Lot Size Source: Appraiser

Property Information

Subdivision: Gilbert Hogans 03 Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 126

Listing Price Information

Listing Price: $135000 Original Price: $160000

Tax Information

Parcel Number: 02-01-003-171-014 Tax Year: 2025 Annual Tax: $1404 Tax Legal Desc: HOGAN 50 X 150

Parking Information

Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 1

Location Information

Direction: Lorain County WaterSource: Other

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
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
1143 W 9th Street, Lorain, OH, 44052	$145,000	4	2	1,784	1,784 SqFt
1036 Oberlin Avenue, Lorain, OH, 44052	$135,000	4	2	--

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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 06/12/2026 @ 01:41

MLS: 5205297 LISTED BY: Tal Tamir, Russell Real Estate Services 440-201-9850 SOURCE: MLS Now