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Leased Duplex
For Sale
$158,750

1339 Washington Avenue, Lorain, OH 44052

Available only within a 19-unit portfolio; the two apartments are fully occupied under leases extending through March 2027.

Property SizeContact for details
Days on Market182

Property Features for 1339 Washington Avenue

General Information

Standard status Active
Property subtype Duplex

Additional Details

Multifamily Units 19
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $1,288

Building Details

Year Built 1900
Listing Agency: Russell Real Estate Services
Listed By: Tal Tamir · License #2018001908
Source: Lifestagesrealty
Added: Apr 29 Changed: Oct 27 Last Checked: Oct 27 at 3:28AM

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.

This duplex at 1339 Washington Avenue in Lorain was built in 1900 and is fully occupied. Its two leases run through March 31, 2027, and tenants pay the utilities serving the property.

The duplex is offered only as part of a 19-unit portfolio; individual sale is not available.

Key Highlights

  • Two‑unit duplex offered only as part of a 19‑unit portfolio
  • Both apartments are occupied
  • Leases for both units expire 3/31/27

Property Analytics

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Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

359
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Available only within a 19-unit portfolio; the two apartments are fully occupied under leases extending through March 2027.
Where is this duplex located?
The property is located at 1339 Washington Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $158,750.
What are key features of this property?
This property features: Two‑unit duplex offered only as part of a 19‑unit portfolio; Both apartments are occupied; Leases for both units expire 3/31/27
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