Duplex Portfolio on Corner
For Sale
Contact for pricing
Pending
1840 1928 Hancock St, Lorain, OH 44052
Eleven duplexes totaling 22 units on a corner block, currently 95% occupied with tenant-paid electric and water.
Property SizeContact for details
Days on Market148
Property Features for 1840 1928 Hancock St
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
Home Equity Realty Group
Listed By:
Roger Nair · License #OH 2011001849
(330) 350-0016
Source:
Crexi
Added: Apr 11
Changed: Aug 22
Last Checked: Sep 1 at 1:54AM
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 Home Equity Realty Group
Investment Insights
Based on property information with market context.
This offering includes 11 duplexes containing 22 total units at 1840–1928 Hancock St, Lorain, OH 44052. The buildings are available to purchase as a complete portfolio or individually by building.
The property sits on a corner block of three streets. Current occupancy is approximately 95% full, and the current rents are described as about 8% below market. The information provided also notes that there has been no rent increase in most units for several years.
Utilities are billed directly to tenants, with electric and water paid by the residents. See MLS#4027471 and MLS#4027474 for additional listing details covering all 11 buildings and 22 units across the three streets.
The property sits on a corner block of three streets. Current occupancy is approximately 95% full, and the current rents are described as about 8% below market. The information provided also notes that there has been no rent increase in most units for several years.
Utilities are billed directly to tenants, with electric and water paid by the residents. See MLS#4027471 and MLS#4027474 for additional listing details covering all 11 buildings and 22 units across the three streets.
Key Highlights
- 11 duplexes totaling 22 units on a corner block across 3 streets
- Currently 95% occupied with existing income‑producing units
- Tenants pay electric and water utilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Eleven duplexes totaling 22 units on a corner block, currently 95% occupied with tenant-paid electric and water.
Where is this duplex located?
The property is located at 1840 1928 Hancock St Lorain, OH.
What are key features of this property?
This property features: 11 duplexes totaling 22 units on a corner block across 3 streets; Currently 95% occupied with existing income‑producing units; Tenants pay electric and water utilities
