407 W 22nd Street, Lorain, OH 44052

Lorain
Local realty services provided by:Better Homes and Gardens Real Estate Central
407 W 22nd Street,Lorain, OH 44052
$128,750
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  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tal tamir, benjamin peleg
Office: russell real estate services
MLS#:5205297
Source:OH_NORMLS

Price summary

  • Price:$128,750

About this home

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. Multiple properties must be purchased.  Singular properties will not be considered.  Reach out to co-listing agent for details.

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Home facts

  • Year built:1900
  • Subdivision & Development:Gilbert Hogans 03
  • Listing ID #:5205297
  • Added:197 day(s) ago
  • Updated:November 12, 2026 at 04:12 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:10
  • Basement:Yes

Structure and exterior

  • Year built:1900
  • Lot area:0.17 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$128,750
  • Tax amount:$1,404 (2025)

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:1
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