761 Washington Avenue
Lorain, OH 44052
4
Bed
4
Bath
2,000Sqft
0.12Acre(Lot)
Great Investment Opportunity in Lorain! Discover the potential of this well-located triplex, offering three separate living units and an excellent opportunity to generate rental income while building long-term investment value. The property features two lower-level units and one spacious upstairs unit: Upstairs Unit: 3 bedrooms and 1.5 bathrooms, Lower Front Unit: 2 bedrooms and 2 bathrooms, Lower Rear Unit: 1 bedroom and 2 bathrooms. The property has seen several recent updates, including nearly all replacement windows installed in 2022 and a new flat roof installed in 2023. For added convenience and flexibility, each unit has separate gas and electric utilities, with the two first-floor units sharing electric. Additional property features include a common basement laundry room and a deta
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 4 Full Baths: 3 Half Baths: 1Room Information
Rooms Total: 10 Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt, Fiberglass -
Interior Features
Roof: Asphalt, Fiberglass Appliances: Dryer, Washer Laundry Features: Common Area, In Basement -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Baseboard, Forced Air Cooling: None
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Building Information
Year Built: 1900 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No View: Neighborhood
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Lot Information
Main Square Feet: 0.1194 Acres Lot Size Acres: 0.1194 Lot Size Source: Assessor Lot Description: Back Yard, Front YardProperty Information
Subdivision: Cornwells Add Source Property Type: Residential Income Property SubType: Triplex Levels: Two Property Age: 126
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Listing Price Information
Listing Price: $220000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 02-01-005-115-002 Tax Year: 2025 Annual Tax: $1740.36 Tax Legal Desc: CORNWELL 46 X 130 LOT # 16 & 17
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Parking Information
Detached, Garage, Outside, Shared Driveway, On StreetGarage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: WEST ERIE AVE TO WASHINGTON AVE. PROPERTY IS ON THE WEST SIDE OF WASHINGTON. WaterSource: Public Security Features: Smoke Detector(s)
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 761 Washington Avenue
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 @ 12:19
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