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$ 310,000
$ 334,900 7.4%
Est. payment /mo
Sold on 06/08/2026
1850 Washington Ave. Lorain, OH 44052
6,298 Sqft Lot
UPDATED:
Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20254144
Sold Date 06/08/26
HOA Y/N No
Year Built 1900
Annual Tax Amount $7,617
Lot Size 6,298 Sqft
Property Sub-Type Multi Family
Property 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.
Location
State OH
County Lorain
Interior
Heating Natural Gas, Forced Air
Cooling Window Unit(s)
Exterior
Utilities Available Electricity Connected
View Y/N No
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
Schools
Elementary Schools Lorain
Middle Schools Lorain
High Schools Lorain
Others
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Kyle M Recker • Howard Hanna - Port Clinton