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    1350 E Erie Ave Lorain, OH 44052

    Pending
    For Sale
    $99,900

    MULTI_FAMILY - Lorain, OH

    Property size:
    1,988 SF
    Lot size:
    0.11 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 1350 E Erie Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 4, Bedroom 2, Laundry Room, Bedroom 3, Basement, Bathroom 1, Bedroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    02-00-051-105-008
    Parking features
    Off Street
    Size
    1,988 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    2
    Building materials
    AluminumSiding, VinylSiding
    Roof type
    Asphalt, Fiberglass

    RE/MAX Haven Realty (216) 332-0456 [email protected]

    Listing agent Michael Azzam (216) 446-7606 License #2014004734

    Listing date Nov 25, 2025

    MLS# 5172875 Listing URL

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cash-Flowing Duplex Investment Opportunity

    This fully occupied duplex in Lorain presents a cash-flowing investment opportunity. Each unit features 2 bedrooms and 1 bath. Unit 1348 is leased through March 31, 2026, with a monthly rent of $790. Unit 1350 is leased through April 30, 2026, with a monthly rent of $925; tenants are responsible for gas and electric. The property, situated on a 0.11-acre lot, offers off-street parking and separate entrances for each unit, as well as separate front porches, an upper balcony for each unit and a large shared rear deck. Each unit includes its own basement with laundry hookups, some hardwood floors, and large living and dining rooms. The property is near multiple schools and parks, as well as close to food and community amenities. Professional management is in place and willing to stay on, offering full-service management with dedicated departments for leasing, marketing, and tenant communication, plus rehab and construction services available for remote investors. The building size is 1988 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.159854
    Latitude
    41.474787

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    FAQs

    What type of property is this?
    Duplex - Fully occupied Lorain duplex with long-term tenants and positive cashflow.
    Where is this duplex located?
    The property is located at 1350 E Erie Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Fully occupied duplex generating immediate cash flow.; - Leases in place through March and April 2026, providing stable income.; - Professional property management in place and willing to stay on.
    (216) 446-7606
    Request Owner's contact information
    1350 E Erie Ave Lorain, OH 44052
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1350 E Erie Ave Lorain, OH 44052
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