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Duplex with Separate Utilities
New
For Sale
$159,900

1101 W 5th Street, Lorain, OH 44052

ResidentialIncome, Lorain, OH

Property Size2,066 SF
Lot Size0.13 Acres
Price / SF$77.40
Days on Market4

Property Features for 1101 W 5th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Laundry Room, Bedroom 1, Basement, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Parking features Driveway
Interior features CeilingFans, EatInKitchen
Subdivision Downtown Lorain
Lot features Flat, Level
View City
Elementary school district Lorain CSD - 4709
Middle school district Lorain CSD - 4709
High school district Lorain CSD - 4709
Directions Oberlin Ave to West 5th st. Go east and property will be on your right hand side
Standard status Active
APN 02-01-006-111-033
Size 2,066 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description O P C 65 X 92 LOT # 250-1
Tax Annual Amount 1440
Legal Description O P C 65 X 92 LOT # 250-1

Utilities

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

Building Details

Year built 1950
Floors in Building 2
Building materials Block, Concrete
Roof type Asphalt, Fiberglass
Listing Agency: Russell Real Estate Services
Listed By: Steven Lawson · License #2020000096
Added: Oct 2 Changed: Oct 5 Last Checked: Oct 5 at 10:06PM
MLS# 5249688

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 duplex contains 2,066 square feet, with two bedrooms and one full bathroom in each residence. Both units have separate gas and electric meters, individual furnaces and water heaters, and basement space. The 0.13-acre corner lot includes a private driveway for each side. Built in 1950, the property has forced-air natural gas heating, public water, and public sewer. Water and trash are paid by the owner.

The property is at 1101 W 5th Street in Lorain, Ohio. Lakeview Park, Lakeview Beach, and Admiral King Elementary are within walking distance.

Key Highlights

  • 2,066‑square‑foot duplex on a 0.13‑acre corner lot
  • Two residences, each with 2 bedrooms and 1 full bathroom
  • Separate gas and electric meters, furnaces, and water heaters for each unit

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Electrical Service Skin Care Clinic Spa & Massage Center

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

507
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Each residence has its own gas and electric meter, furnace, water heater, basement, and driveway.
Where is this duplex located?
The property is located at 1101 W 5th Street Lorain, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 2,066‑square‑foot duplex on a 0.13‑acre corner lot; Two residences, each with 2 bedrooms and 1 full bathroom; Separate gas and electric meters, furnaces, and water heaters for each unit
More about this property
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