Rare 3-unit multi-family opportunity in Lorain County offering both income potential and exceptional flexibility! The first floor features approximately 1,600 square feet of open space, making it ideal for an owner’s suite, home-based business, office space, or conversion into an additional rental unit. The second floor includes two separate units, each offering 2 bedrooms, 1 full bath, an eat-in kitchen, and spacious living areas, totaling approximately 1,100 square feet. Both units were previously rented for around $900 per month (under market value for today's rental pricing), providing strong potential for steady residual income. Situated on 6.24 acres of country property, this parcel offers incredible possibilities for the right buyer- whether you’re looking to expand rental income, run a business, or enjoy the privacy and flexibility of rural living. Conveniently located just off Broadway and State Route 2, this property combines accessibility with space and opportunity. This home is in need of repairs and is being Sold As-Is and priced accordingly. A unique investment with multiple income streams and room to grow- schedule your showing today! * * * Note This property is being offered subject to the lot split in the photos and also in the attachments. It will be recorded prior to title transfer. * * *
Multi-familyProperty Type
1978Year Built
6.24 acresLot Size
$57Price/Sq.Ft.
1 car garageParking
Listed by Sam LoFaso• LoFaso Real Estate Services
Listed by Samuel LoFaso• LoFaso Real Estate Services
Contact: 330-220-4780, sold@samlofaso.com
Bought with Danielle Sutcliffe• Keller Williams Greater Metropolitan
This is an urban residential district intended to create cohesive, single family, walkable neighborhoods at a net density of approximately four units per acre. The principal use of land is for single-family dwellings and related recreational, religious, and educational facilities needed to provide the basic elements of a balanced, safe, and attractive living environment.
Property details
Parking
Garage/Carport Information
Has Garage
Has Attached Garage
# of Garage Spaces: 1
Parking
Features: Attached, Driveway, Garage, On Site, Unpaved
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 3
Room Information
# of Rooms (Total): 13
Laundry Information
Features: In Unit
Interior Features
Other Features: Eat-in Kitchen
Exterior
Building Information
Stories: 2
Stories (Total): 2
Year Built Source: Owner
Roof Details: Asphalt, Fiberglass, Shingle
Construction Details: Aluminum Siding
Lot Information
Lot Size Area: 6.2411
Lot Size Acres: 6.2411
Lot Size Source: Owner
Lot Features: Wooded
Property Information
Above Grade Finished Area: 4,550
Above Grade Finished Area Source: Assessor
Direction Faces: South
Financial
Tax Information
Annual Tax Amount: $2,767
Tax Year: 2025
Rental Information
Tenant Pays: All Utilities
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Cooling
Cooling: Window Unit(s)
Has Heating
Heating: Electric, Forced Air, Gas
Location
Multi Unit Information
# Of Buildings: 1
Unit Type 1
Apartments
Unit Description: Upper Level
# of Bedrooms: 2
# of Bathrooms Total: 1
Area: 1100.0
Actual Rent: $900
Unit is Leased
Unit Type 2
Apartments
Unit Description: Main Floor Open concept
# of Bedrooms: 1
# of Bathrooms Total: 1
Area: 1600.0
Actual Rent: $900
Unit is Leased
Unit Type 3
Apartments
Unit Description: Upper Level
# of Bedrooms: 2
# of Bathrooms Total: 1
Area: 1100.0
Actual Rent: $900
Unit is Leased
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 1,012
Stories: 1.0
Lot Size: 10 acres
Style: Single Family Residential
Year Built: 1910
Year Renovated: 1990
County: Lorain County
APN: 0201003262025
Home facts updated by county records on Aug 20, 2026
Around this home
Schools
Durling Middle School
Public 5-8 • Assigned • 0.2mi
4/10
Clearview High School
Public 9-12 • Assigned • 0.3mi
4/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Lorain, OH • 44053
Average low and high temperatures (°F)
30
18
37
23
54
36
63
45
67
51
80
63
84
69
80
64
76
59
67
49
52
40
40
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$253,000 – $306,000
Sell confidently with a local market expert in Lorain.