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    Lorain, OH Apartment Buildings for Sale

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    Found 9 apartment buildings for sale in Lorain, OH, averaging $107/sq ft. Use valuation data to compare deals faster.
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    Renovated 8-Unit Apartment Building
    Updated: Apr 27
    Renovated 8-Unit Apartment Building

    1505 Herbert Drive, Lorain, OH 44053

    $675,000
    0.44 AC lot
    Eight fully occupied apartment suites, each with 1 bedroom and 1 bathroom
    0.44‑acre property at 1505 Herbert Drive, Lorain, OH 44053
    Interior updates include flooring, countertops, backsplashes, cabinetry, bathrooms, and paint
    Recently replaced roof
    Electric ceiling heat; no boilers or furnaces
    View details
    Renovated Apartment Buildings
    Updated: Jun 2
    Renovated Apartment Buildings

    5216 E Lake Rd, Sheffield Lk, OH 44054

    $3,975,000
    33,400 sqft
    48 units across two side‑by‑side apartment buildings
    33,400 square feet across buildings constructed in 1972
    100% occupied multifamily property
    Fully renovated interiors with shaker cabinets, granite, stainless appliances, and updated flooring
    Residents pay electric; ownership covers heat, water, sewer, and trash
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    Corner Lot Restaurant with Apartment
    Corner Lot Restaurant with Apartment

    1700 E 31st St, Lorain, OH 44055

    $140,000
    1,464 sqft

    Retail restaurant with apartment and full basement on corner lot.

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    See what stands out in Lorain County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Fully Occupied 10-Unit Apartment Building
    Fully Occupied 10-Unit Apartment Building

    1888 E 28th St, Lorain, OH 44055

    $425,000

    A fully occupied 10-unit property with one-bed, one-bath units, a coin laundry room, and a new silicone roof layer.

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    Two-Story Walkup Apartment Complex
    Two-Story Walkup Apartment Complex

    5001 Oberlin Ave, Lorain, OH 44053

    Contact for pricing
    32,904 sqft 1.74 AC lot

    Two-building walkup complex offers 46 units with exterior and interior corridors plus on-site outdoor parking.

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    Renovated 8-Unit Apartment Building
    Renovated 8-Unit Apartment Building

    1505 Herbert Drive, Lorain, OH 44053

    $675,000

    Newly renovated, fully occupied 8-unit building with 1 bed/1 bath apartments and updated mechanical and interior features.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Studio Apartment Multifamily Property
    Studio Apartment Multifamily Property

    2833 Seneca Avenue, Lorain, OH 44055

    Contact for pricing

    Well-maintained 15-unit multifamily building with studios, generating gross rental income of about $10,500 per month.

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    22-Unit Apartment Building
    22-Unit Apartment Building

    1163 E Erie Ave, Lorain, OH 44052

    Contact for pricing

    Brick apartment complex with 22 units, including efficiency suites and two six-unit sections.

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    84-Unit Multifamily Property
    84-Unit Multifamily Property

    2307 Washington Ave, Lorain, OH 44052

    Contact for pricing

    Apartment building offering 84 units, presented for sale as a residential income property.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 9 Active listings in Lorain, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    32-Unit Apartment Buildings
    32-Unit Apartment Buildings

    1346 Kenilworth Avenue, Lakewood, OH 44107

    $2,995,000
    0.17 AC lot

    Two neighboring brick properties with attached garages, laundry facilities, tenant storage, and strong in-place occupancy.

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    Mixed-Use Property with Outbuilding
    Mixed-Use Property with Outbuilding

    45445 Us Highway 20, Oberlin, OH 44074

    $700,000

    Fully leased property combines residential apartments, commercial space, and private laundry across a 3.25-acre site.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    1419 Roycroft Ave, Lakewood, OH 44107

    $1,199,900

    Fully occupied property with one-bedroom, one-bath apartments and updates completed in most units within the last four years.

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    Multifamily Property with 11 Units
    Multifamily Property with 11 Units

    540 W College St, Oberlin, OH 44074

    $950,000

    Multifamily property featuring 11 units, available for sale.

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    Off-Market Properties in Lorain, OH

    Consider similar Off-Market properties in Lorain, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2600 Reeves Ave, Unit 2
    APARTMENT HOUSE (5+ UNITS)

    2600 Reeves Ave, Lorain, OH 44052-4266

    Unit 2
    $415,000
    Estimated value
    10,688 sqft 1.75 AC lot
    View details
    3219 Elyria Ave
    APARTMENT HOUSE (5+ UNITS)

    3219 Elyria Ave, Lorain, OH 44055-1461

    $150,000
    Estimated value
    2,300 sqft 0.13 AC lot
    View details
    4208 Shr Dr, Unit 2
    APARTMENT HOUSE (5+ UNITS)

    4208 Shr Dr, Lorain, OH 44053-1351

    Unit 2
    $760,000
    Estimated value
    3,600 sqft 1.15 AC lot
    View details
    908 Central Dr
    APARTMENT HOUSE (5+ UNITS)

    908 Central Dr, Lorain, OH 44052-4947

    $145,000
    Estimated value
    5,124 sqft 0.34 AC lot
    View details
    1150 5th St
    APARTMENT HOUSE (5+ UNITS)

    1150 5th St, Lorain, OH 44052-1412

    $310,000
    Estimated value
    3,900 sqft 0.16 AC lot
    View details
    2912 Erie Ave
    APARTMENT HOUSE (5+ UNITS)

    2912 Erie Ave, Lorain, OH 44053-1258

    Value Estimation by Request
    2,269 sqft 0.48 AC lot
    View details
    1906 Lexington Ave, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    1906 Lexington Ave, Lorain, OH 44052-3772

    Unit 1
    $595,000
    Estimated value
    3,420 sqft 0.34 AC lot
    View details
    2550 Elyria Ave
    APARTMENT HOUSE (5+ UNITS)

    2550 Elyria Ave, Lorain, OH 44055-1341

    Value Estimation by Request
    2,600 sqft 0.14 AC lot
    View details
    2410 28th St
    APARTMENT HOUSE (5+ UNITS)

    2410 28th St, Lorain, OH 44055-2114

    $260,000
    Estimated value
    2,600 sqft 0.14 AC lot
    View details
    928 Central Dr
    APARTMENT HOUSE (5+ UNITS)

    928 Central Dr, Lorain, OH 44052-4947

    $210,000
    Estimated value
    3,624 sqft 0.44 AC lot
    View details
    3025 Globe Ave, Unit A
    APARTMENT HOUSE (5+ UNITS)

    3025 Globe Ave, Lorain, OH 44055-1771

    Unit A
    $135,000
    Estimated value
    3,156 sqft 0.08 AC lot
    View details
    121 Erie Ave, Unit A2
    APARTMENT HOUSE (5+ UNITS)

    121 Erie Ave, Lorain, OH 44052-2066

    Unit A2
    $975,000
    Estimated value
    3,968 sqft 0.44 AC lot
    View details
    107 Erie Ave, Unit 2
    APARTMENT HOUSE (5+ UNITS)

    107 Erie Ave, Lorain, OH 44052-2067

    Unit 2
    $975,000
    Estimated value
    2,847 sqft 0.38 AC lot
    View details
    936 Central Dr
    APARTMENT HOUSE (5+ UNITS)

    936 Central Dr, Lorain, OH 44052-4954

    $245,000
    Estimated value
    5,124 sqft 0.43 AC lot
    View details
    1200 Tower Blvd, Unit 4
    APARTMENT HOUSE (5+ UNITS)

    1200 Tower Blvd, Lorain, OH 44053-2946

    Unit 4
    $165,000
    Estimated value
    2,632 sqft 0.20 AC lot
    View details

    Lorain, OH Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Lorain, OH, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 67,768 square feet of properties for sale, with an estimated market value of $5,890,000.

    Sale prices for two-family homes in Lorain, OH start at $140,000, averaging $1,178,000, and reaching up to $3,975,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 82K
    Population Growth (5Y) +2.8%
    Median Household Income $51,688
    College Educated 22.5%

    High-Yield Neighborhoods for Investment

    Identify Lorain submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    44055 $282.5K
    44053 $675K

    Taxes & Financing

    Tax Rate (average for all types) 6.83%
    Property Tax per SF $92.34 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lorain County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Lorain, OH

    • 44053
    • 44055
    • 44052
    • 44054

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