4217 Riverside Drive, Lorain, OH 44055

Lorain
Local realty services provided by:Better Homes and Gardens Real Estate Central
4217 Riverside Drive,Lorain, OH 44055
$133,500
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  • 3 Beds
  • 1 Baths
  • 1,024 sq. ft.
  • Single family
  • Pending
Listed by: rakesh baniya
Office: cleveland property management group, llc.
MLS#:5217023
Source:OH_NORMLS

Price summary

  • Price:$133,500
  • Price per sq. ft.:$130.37

About this home

Add a cash-flowing asset to your portfolio with this occupied 3-bedroom, 1-bath ranch in Lorain. The property is currently rented for $1,355 per month with a long-term tenant in place and a lease secured through October 2027, providing immediate and reliable rental income. The home features a functional layout with a spacious living room and eat-in kitchen. Outside, a patio overlooks the large backyard, offering added appeal for tenants. Conveniently located near Helen Steiner Rice Elementary School and just minutes from Homewood Park, Days Dam Waterfall, and the Black River Reservation, the property offers easy access to outdoor recreation, walking trails, and green space. Nearby shopping, dining, and major roadways further enhance its desirability for tenants. Whether you're looking to expand your rental portfolio or acquire a property with established income, this investment opportunity offers stable cash flow and long-term income potential.

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Home facts

  • Year built:1956
  • Subdivision & Development:Homewood
  • Listing ID #:5217023
  • Added:124 day(s) ago
  • Updated:July 26, 2026 at 07:36 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:6
  • Living area:1,024 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1956
  • Building area:1,024 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Ranch
  • Construction Materials:Aluminium Siding
  • Levels:1 Story, 1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$133,500
  • Price per sq. ft.:$130.37
  • Tax amount:$2,873 (2025)

Parking

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