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Two-Unit Duplex with Basement
For Sale
$169,000
Pending

2514 Reid Avenue, Lorain, OH 44052

ResidentialIncome, Lorain, OH

Property Size1,952 SF
Lot Size0.14 Acres
Days on Market42

Property Features for 2514 Reid Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Laundry Room
Parking features Driveway
Exterior features PrivateYard
Lot features Flat, Level
Elementary school district Lorain CSD - 4709
Middle school district Lorain CSD - 4709
High school district Lorain CSD - 4709
Directions Broadway Ave to Reid ave. go south and property will be on your right hand side
Standard status Pending
APN 02-01-003-187-018
Size 1,952 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BRASS CCO 48.00 X 135.00 LOT # 176
Tax Annual Amount 1963
Legal Description BRASS CCO 48.00 X 135.00 LOT # 176

Utilities

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

Amenities

fenced backyard
full basement
separate laundry areas
abundant storage space

Building Details

Year built 1900
Floors in Building 2
Building materials Concrete
Roof type Asphalt, Fiberglass
Listing Agency: Russell Real Estate Services
Listed By: Steven Lawson · License #2020000096
Added: Jul 23 Changed: Sep 1 Last Checked: Sep 2 at 6:06PM
MLS# 5229898

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This duplex at 2514 Reid Avenue contains 1,952 square feet across two residential units. The first-floor apartment has three bedrooms, one full bathroom, living and dining rooms, and a full kitchen. The upstairs apartment includes two bedrooms, one full bathroom, living and dining rooms, and its own kitchen. A full basement adds two separate laundry areas and storage space.

The property occupies 0.14 acres and includes a fenced backyard and driveway parking. Separate gas and electric meters serve the units, while water, sewer, and trash are paid by the owner. Building systems include forced-air natural gas heat, ceiling fans, a fiberglass and asphalt roof, and public water and sewer. Constructed in 1900, the property is located in Lorain, Ohio.

Key Highlights

  • 1,952‑square‑foot duplex with two residential units
  • Unit mix includes 3 bedrooms and 1 full bath downstairs; 2 bedrooms and 1 full bath upstairs
  • Full basement with two separate laundry areas and storage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby

Demographics for 44052, OH

29,249
Population
13,673
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
83%
High-School Grad
9.5 sq mi
ZIP Area
3,079
Density / Sq Mi
$42,298
Median Household Income
$31,985
Median Earnings
$840
Median Rent
$104,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Occupied units offer separate layouts, laundry areas, individual gas and electric meters, and a fenced backyard.
Where is this duplex located?
The property is located at 2514 Reid Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,952‑square‑foot duplex with two residential units; Unit mix includes 3 bedrooms and 1 full bath downstairs; 2 bedrooms and 1 full bath upstairs; Full basement with two separate laundry areas and storage
More about this property
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