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    2323/2325 Homewood Dr Lorain, OH 44055

    For Sale
    $159,900

    MULTI_FAMILY - Lorain, OH

    Property size:
    2,688 SF
    Lot size:
    0.17 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 2323/2325 Homewood Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Aluminum Frames
    Rooms
    Bedroom 1, Laundry Room, Bedroom 3, Bathroom 1, Bedroom 2, Basement, Bathroom 2, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    03-00-080-104-013
    Interior features
    CeilingFans, LaminateCounters, NaturalWoodwork
    Appliances
    Microwave, Range, Refrigerator
    Size
    2,688 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    2
    Building materials
    AluminumSiding
    Roof type
    Asphalt

    Ohio Property Group, LLC (419) 790-3106 [email protected]

    Listing agent Glen G Whitten (419) 790-3106 License #2002023149

    Listing date Nov 18, 2025

    MLS# 5155557 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

    Turnkey Duplex Investment Opportunity

    Located in the Homewood subdivision of Lorain, this side-by-side duplex presents a turnkey investment opportunity. The property features two fully leased units, each containing 2 bedrooms, 1 full bathroom, a living area, and an eat-in kitchen. Each unit includes a private basement with laundry hookups and storage space. The property generates a combined monthly rental income of $1,700. Tenants are in place under lease agreements. Recent renovations have been completed in both units. The tenants are responsible for all utilities except water, sewer, and trash. The property is part of a four-unit package, sold together with adjacent duplexes, sharing a driveway with parking. The lot size is 0.17 acres and the property size is 2,688 square feet. This investment promises long-term growth, stability, and returns for investors looking to capitalize on Lorain's rental market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lorain
    County
    Lorain
    State
    Ohio
    Longitude
    -82.116791
    Latitude
    41.436363

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Lorain, generating $1,700 monthly income.
    Where is this duplex located?
    The property is located at 2323/2325 Homewood Dr Lorain, OH.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Turnkey investment property with immediate cash flow: Fully leased duplex generating $1,700/month.; - Two spacious units, each with 2 bedrooms, 1 bathroom, living area, and eat-in kitchen.; - Recent renovations enhance appeal and tenant satisfaction.
    (419) 790-3106
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    2323/2325 Homewood Dr Lorain, OH 44055
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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
    2323/2325 Homewood Dr Lorain, OH 44055
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