Four-Unit Multifamily
New
For Sale
$280,000
1037 W 8th Street, Lorain, OH 44052
All residences are occupied under month-to-month arrangements.
Property SizeContact for details
Days on Market6
Property Features for 1037 W 8th Street
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$38,400
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,427
Building Details
Year Built
1904
Buildings
2
Tenancy
Multi
Listing Agency:
Russell Real Estate Services
Listed By:
Jesse R Kracht · License #2010001088
(440) 212-5656
Source:
Coccarealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 4:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Real Estate Services
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Investment Insights
Based on property information with market context.
Built in 1904, this four-residence property includes a detached garage or outbuilding. Each unit has its own hot water tank, installed approximately three years ago. The roof dates to about five years ago, and the furnaces are approximately eight years old. Interior work includes new flooring throughout, LED lighting, and refreshed shared areas with refinished stairways and walls.
The property is in Lorain, within walking distance of downtown. Nearby destinations include restaurants, entertainment, Black River Landing, and the Lake Erie waterfront. All four units are occupied by month-to-month tenants.
The property is in Lorain, within walking distance of downtown. Nearby destinations include restaurants, entertainment, Black River Landing, and the Lake Erie waterfront. All four units are occupied by month-to-month tenants.
Key Highlights
- Four‑unit property with all residences occupied on month‑to‑month terms
- Detached garage or outbuilding
- Roof approximately 5 years old; furnaces approximately 8 years old
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied under month-to-month arrangements.
Where is this quadplex located?
The property is located at 1037 W 8th Street Lorain, OH.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Four‑unit property with all residences occupied on month‑to‑month terms; Detached garage or outbuilding; Roof approximately 5 years old; furnaces approximately 8 years old
