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.
For sale
$334,900
1850 Washington Ave, Lorain, OH 44052
8beds
5baths
--sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Solid brick exteriorPlenty of off-street parking
- 55 days |
- 399 |
- 33 |
Zillow last checked: 8 hours ago
Listing updated: November 25, 2025 at 02:35am
Listed by:
Kyle M. Recker 567-230-2008 kylerecker@howardhanna.com,
Howard Hanna - Port Clinton,
Jaron T. Smith 419-357-5437,
Howard Hanna - Port Clinton
Source: Firelands MLS,MLS#: 20254144Originating MLS: Firelands MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Gas, Forced Air
Cooling
- Window Unit(s)
Features
- Basement: Crawl Space
Interior area
- Total structure area: 0
Property
Lot
- Size: 6,298.78 Square Feet
- Dimensions: 42 x 150
Details
- Parcel number: 0201006138037
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1900
Utilities & green energy
- Electric: ON
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Surveillance On Site
Location
- Region: Lorain
Financial & listing details
- Tax assessed value: $170,390
- Annual tax amount: $7,617
- Price range: $334.9K - $334.9K
- Date on market: 10/16/2025
- Date available: 01/01/1800
Estimated market value
Not available
Estimated sales range
Not available
$1,096/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Listed for sale | $334,900 |
Source: MLS Now #5166306 Report a problem | ||
| 10/28/2025 | Pending sale | $334,900 |
Source: MLS Now #5166306 Report a problem | ||
| 10/16/2025 | Listed for sale | $334,900+123.3% |
Source: Firelands MLS #20254144 Report a problem | ||
| 12/14/2017 | Listing removed | $150,000 |
Source: Howard Hanna - Amherst #3789224 Report a problem | ||
| 3/15/2016 | Listed for sale | $150,000+11.1% |
Source: Howard Hanna - Amherst #3789224 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,809 -3.4% | $59,630 +18.8% |
| 2023 | $3,943 +1% | $50,190 |
| 2022 | $3,904 -0.5% | $50,190 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,109/mo
Principal & interest
$1624
Property taxes
$368
Home insurance
$117
Climate risks
Neighborhood: 44052
Nearby schools
GreatSchools rating
- 3/10Hawthorne Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 4/10General Johnnie Wilson Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Lorain High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Lorain
Source: Firelands MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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