Income-Producing Duplex with Recent
508 W 23rd Street Lorain, OH 44052
508 W 23rd Street, Lorain, OH, 44052
$155,000
For Sale
Under Contract
$155,000
MULTI_FAMILY - Lorain, OH
Property Size2,274 SF
Lot Size0.17 Acres
Price / SF$68.16
Days on Market116
Property Features for 508 W 23rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Laundry Room, Bathroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 2
- Parking features
- Garage, Driveway
- Appliances
- Dryer, Range, Refrigerator, Washer
- Standard status
- Active Under Contract
- APN
- 02-01-003-171-021
- Size
- 2,274 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HOGAN 3RD 50 X 150
- Tax Annual Amount
- 1170
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Building materials
- VinylSiding
- Roof type
- Asphalt, Fiberglass, Shingle
Listing agency
Keller Williams Citywide
(440) 892-2211
Listed by
Angie Lopez · License #2021002776
(216) 855-4477
Added: Mar 29 Updated: Jul 17 at 10:18PM Checked: Jul 22 at 1:06AM
MLS# 5195958
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 property presents an investment or homeowner opportunity, featuring two units with a total area of 2274 square feet on a 0.17-acre lot. The property is located on a quiet side street in Lorain, OH. The upper unit is currently occupied, while the upstairs tenant will be moving out next month. The property is currently receiving $1,750. Both units feature bright interiors with natural light, updated flooring, and fresh paint. The upper unit includes a private balcony, while the lower unit features covered porches. Each unit has its own in-unit laundry area. All appliances, including the stove, refrigerator, washer, and dryer, are included. Exterior updates include newer vinyl siding, a newer roof, and vinyl windows. Interior updates include newer kitchens and bathrooms. Major mechanical updates include two newer hot water tanks from 2020 and a newer furnace. There are two furnaces, one in the basement and one in the upstairs unit. A spacious backyard with a storage shed provides additional outdoor functionality. The basement includes a laundry connection, currently not in use but offering future value-add potential. The property has previously qualified for Section 8.
Key Highlights
- Two‑unit home with current rents of $900 (upper) and $850 (lower), and all appliances staying with the units
- Upper unit includes a private balcony; lower unit includes covered porches, plus in‑unit laundry areas for both units
- Exterior updates include newer vinyl siding, newer roof, and vinyl windows
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Updated duplex in Lorain, OH, with strong rental income.
Where is this duplex located?
The property is located at 508 W 23rd Street 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‑unit home with current rents of $900 (upper) and $850 (lower), and all appliances staying with the units; Upper unit includes a private balcony; lower unit includes covered porches, plus in‑unit laundry areas for both units; Exterior updates include newer vinyl siding, newer roof, and vinyl windows
