Under Contract

508 W 23rd Street

Lorain, OH 44052

$155,000 $653/Mo

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Overview

Bed

Bath

2,274

Sqft

0.17

Acre(Lot)

Description

Excellent income-producing investment opportunity OR homeowner opportunity. The upstairs tenant will be moving out next month. The property currently is receiving $1,750. The home features two units with strong rent: the upper unit is currently occupied paying $900 up-to date with rent, while the lower unit is occupied by a tenant and also up to date on rent $850. And ALL appliances will stay with the unit: including stove, refrigerator, washer, and dryer. The exterior has been updated with newer vinyl siding, newer roof, and vinyl windows, enhancing both durability and curb appeal. Inside you'll find newer flooring throughout, newer kitchens, and newer bathrooms. Major mechanical updates include two newer hot water tanks (2020) and a newer furnace, offering added peace of mind. There a re 2 furnaces, one is in the basement and the second furnace is in the upstairs unit. Each unit offers a bright and inviting interior with abundant natural light, complemented by some updated flooring and fresh paint. The upper unit includes a private balcony, while the lower unit features covered porches. A spacious backyard with a storage shed provides additional outdoor functionality. With each unit having in-unit laundry area. The basement includes a laundry connection, currently not in use but offering future value-add potential. Situated on a quiet side street, the property has previously qualified for Section 8. Property is easy to show, call your realtor to schedule.

Property Details

Property Type : Residential Income

Price : $155,000

AD Id : 76608915

MLS Id : 5195958

Beds : 4

Lot Size : 0.17 Acre

Living Area Size : 2,274

Year Built : 1900

County : Lorain

Subdivision: Ventnor Heights

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: Exterior Entry, Full
Roofing Information

Asphalt, Fiberglass, Shingle
Interior Features

Roof: Asphalt, Fiberglass, Shingle Appliances: Dryer, Range, Refrigerator, Washer Laundry Features: Main Level, In Unit, Multiple Locations, Upper Level
Heating & Cooling

Has Heating: Yes Heating: Forced Air Cooling: None

Building Information

Year Built: 1900 Construction Materials: Vinyl Siding Private Pool: No

Lot Information

Main Square Feet: 0.17 Acres Lot Size Acres: 0.17 Lot Size Source: Assessor

Property Information

Subdivision: Hogan Source Property Type: Residential Income Property SubType: Duplex Levels: One and One Half Property Age: 126

Listing Price Information

Listing Price: $155000 Cash, Conventional, FHA, VA Loan

Tax Information

Parcel Number: 02-01-003-171-021 Tax Year: 2025 Annual Tax: $1170 Tax Legal Desc: HOGAN 3RD 50 X 150

Parking Information

Driveway, No Garage

Location Information

Direction: NORTH OF BROADWAY 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
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 06/11/2026 @ 00:48

MLS: 5195958 LISTED BY: Angie Lopez, Keller Williams Citywide 440-892-2211 SOURCE: MLS Now