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    2342 Lexington Ave Lorain, OH 44052

    For Sale
    $155,000

    MULTI_FAMILY - Lorain, OH

    Property size:
    1,566 SF
    Lot size:
    0.11 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 11 at 11:06 am

    Property Features for 2342 Lexington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 5, Basement, Bedroom 2, Bedroom 3, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
    Bedrooms
    5
    Bathrooms
    2
    APN
    02-01-003-176-018
    Parking features
    Driveway
    Interior features
    CeilingFans
    Exterior features
    Awnings
    Appliances
    Range, Refrigerator
    Size
    1,566 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Building materials
    AluminumSiding
    Roof type
    Fiberglass, Asphalt

    Century 21 DePiero & Assoc., Inc. (216) 870-2161 [email protected]

    Listing agent William E Davis (440) 832-9595 License #416059

    Listing date Nov 5, 2025

    MLS# 5164551 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

    Lorain Multi-Family Investment Opportunity

    This investment property features two homes situated on a single 0.11-acre lot. The property offers potential for generating rental income, with long-term tenants currently operating under month-to-month leases who are interested in remaining. The property also presents an opportunity for owner-occupancy, allowing residents to live in one home while renting out the other. The front house features hardwood floors. Both homes received new roofs and gutters three years ago. The property contains 1566 square feet of living space and is located in Lorain, Ohio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    -82.170813
    Latitude
    41.44831

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    FAQs

    What type of property is this?
    Single family property - Two homes on one lot, ideal for investors or owner-occupants.
    Where is this single family property located?
    The property is located at 2342 Lexington Ave Lorain, OH.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Two homes on one lot.; - Potential for rental income.; - New roofs (3 years old) on both homes.
    (440) 832-9595
    Request Owner's contact information
    2342 Lexington Ave Lorain, OH 44052
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    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
    2342 Lexington Ave Lorain, OH 44052
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