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Two-Unit Duplex
For Sale
$120,000

514 W 20th Street, Lorain, OH 44052

ResidentialIncome, Lorain, OH

Property SizeContact for details
Lot Size0.10 Acres
Days on Market171

Property Features for 514 W 20th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Parking features Paved or Surfaced
Subdivision William A Braman
Elementary school district Lorain CSD - 4709
Middle school district Lorain CSD - 4709
High school district Lorain CSD - 4709
Directions Between Oberlin Ave and Broadway
Standard status Active
APN 02-01-003-152-013
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description BRA 47.00 X 100.00
Tax Annual Amount 1512
Legal Description BRA 47.00 X 100.00

Utilities

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

Building Details

Year built 1923
Floors in Building 2
Building materials VinylSiding
Roof type Fiberglass, Asphalt
Listing Agency: McDowell Homes Real Estate Services
Listed By: Marissa Rosen · License #2020002179
Added: Mar 13 Changed: Aug 20 Last Checked: Aug 30 at 5:06PM
MLS# 5192615

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 two-unit residential property offers distinct living spaces within a home built in 1923. The first-floor unit includes three bedrooms and one bathroom and is occupied by a long-term tenant. The upper unit provides two bedrooms and one bathroom and is available for customization. The property is being offered in its current condition.

Exterior construction includes vinyl siding, with fiberglass and asphalt roofing. Heating is provided by natural gas baseboard systems, and ceiling fans provide cooling. The property has paved or surfaced parking, public water, and public sewer. Situated on a 0.1-acre lot at 514 W 20th Street in Lorain, Ohio, the duplex is located near the amenities and services of the surrounding city.

Key Highlights

  • Two‑unit duplex with three‑bedroom and two‑bedroom layouts
  • First‑floor unit includes 3 bedrooms and 1 bathroom
  • Upper unit includes 2 bedrooms and 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

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

Location Intelligence

Trade Area within ½ mile

339
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
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Frequently Asked Questions

What type of property is this?
Duplex - One unit is occupied, while the other is available for customization.
Where is this duplex located?
The property is located at 514 W 20th Street Lorain, OH.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Two‑unit duplex with three‑bedroom and two‑bedroom layouts; First‑floor unit includes 3 bedrooms and 1 bathroom; Upper unit includes 2 bedrooms and 1 bathroom
More about this property
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