Listing Agency: Marcus & Millichap - Cleveland

Listed By: Charles Gagliano · License #OH SAL.2015003104

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Aug 11 at 8:14PM

Report an Issue

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 Marcus & Millichap - Cleveland

Investment Insights

Based on property information with market context.

This for-sale multifamily apartment building consists of 84 units, marketed as a residential income property.

The property is located at 2307 Washington Ave in Lorain, Ohio 44052.

As presented, the listing information focuses on the total unit count and the building’s apartment/multifamily classification.

Key Highlights

• Multifamily apartment building with 84 units

Property Analytics

Current Use

Washington Townhomes Townhouse Complex

Suggested Use

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

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

84

Residential units

Location Intelligence

Trade Area within ½ mile

555

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Multi-Use Entertainment and Dining Building

2915 Broadway, Lorain, OH 44055

$775,000

17,567 SF

View details

Grocery Store with Central Air

2957 Pearl Avenue, Lorain, OH 44055

$600,000

0.33 Acres

View details

Four-Unit Quadplex with Full Occupancy

818-824 S Central Drive, Lorain, OH 44052

$275,000

3,624 SF

View details

Two Industrial Buildings For Sale

7425-7405 Industrial Parkway Dr, Lorain, OH 44053

$4,525,000

73,360 SF

View details

Duplex With Private Yard

2514 Reid Avenue, Lorain, OH 44052

$169,000

1,952 SF

View details

Office Building with Second-Floor Apartment

1319 W Erie Avenue, Lorain, OH 44052

$197,500

0.37 Acres

View details

Three-Story Professional Office Building

520 Broadway, Lorain, OH 44052

$799,900

0.14 Acres

View details

Brick Ranch Duplex with Center Garage

605 W 36th Street, Lorain, OH 44052

$225,000

1,736 SF

View details

Central Air Restaurant Building

2812 W Erie Avenue, Lorain, OH 44053

$375,000

0.94 Acres

View details

Industrial Building in Lorain, Ohio

1744 Iowa Avenue, Lorain, OH 44052

$415,000

15,786 SF

View details

Downtown Storefront with Rear Garage

916 Broadway, Lorain, OH 44052

$170,000

0.07 Acres

View details

Downtown Lorain Flexible Retail/Office Space

916 Broadway, Lorain, OH 44052

$170,000

3,500 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building offering 84 units, presented for sale as a residential income property.

Where is this apartment building located?

The property is located at 2307 Washington Ave Lorain, OH.

What are key features of this property?

This property features: Multifamily apartment building with 84 units