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$ 160,000
Est. payment /mo
New
407 W 22nd ST Lorain, OH 44052
4 Beds
2 Baths
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Gilbert Hogans 03
MLS Listing ID 5205297
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,404
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Duplex
Property 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.
Location
State OH
County Lorain
Rooms
Basement Other
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Other
Roof Type Other
Private Pool No
Building
Sewer Other
Water Other
Level or Stories Two
Schools
School District Lorain Csd - 4709
Others
Tax ID 02-01-003-171-014
Special Listing Condition Standard
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687