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    1512 Lexington Ave Lorain, OH 44052

    For Sale
    $147,900

    MULTI_FAMILY - Lorain, OH

    Lot size:
    0.09 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 1512 Lexington Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Laundry Room, Basement, Bedroom 3, Bedroom 1
    Bedrooms
    4
    Bathrooms
    2
    APN
    02-01-003-138-013
    Parking features
    Driveway
    Fencing
    Fenced
    Appliances
    Refrigerator
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    SteelSiding
    Roof type
    Fiberglass, Asphalt

    Russell Real Estate Services (440) 268-9491 [email protected]

    Listing agent Andrea Neal (440) 315-0686 License #2004002356

    Listing date Nov 14, 2025

    MLS# 5140769 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

    Income Producing Duplex in Lorain

    This up and down duplex presents an opportunity to own income-producing property. The first level features a welcoming front porch, a spacious living room, a large efficient kitchen with a walk-in pantry, an inviting full bathroom, and a partial basement. The second level includes 2 cozy bedrooms, a living room, a charming kitchen, and a full bath. The interior has been freshly painted, and the property has a newer furnace and an updated electric hot water tank. The stove connection offers the option of gas and/or electric. The property has great curb appeal and an expansive 0.09-acre lot with plenty of room. On-site parking is available. The property is within walking distance of the downtown area, churches, schools, and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -82.171735
    Latitude
    41.45577

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    FAQs

    What type of property is this?
    Duplex - Up and down duplex near downtown, churches, schools, and restaurants.
    Where is this duplex located?
    The property is located at 1512 Lexington Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $147,900.
    What are key features of this property?
    This property features: - Income-producing duplex property.; - Walking distance to downtown, churches, schools, and restaurants.; - Expansive lot with on-site parking.
    (440) 315-0686
    Request Owner's contact information
    1512 Lexington 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
    1512 Lexington Ave Lorain, OH 44052
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