22-Unit Duplex
For Sale
Contact for pricing
Pending
1533 1545 Fillmore Ave, Lorain, OH 44052
Multi-building residential income property with tenants responsible for electric and water charges.
Property SizeContact for details
Days on Market142
Property Features for 1533 1545 Fillmore Ave
General Information
Standard status
Pending
Property subtype
Office
Occupancy
95%
Additional Details
Multifamily Units
22
Building Details
Buildings
11
Listing Agency:
Home Equity Realty Group
(330) 350-0016
Listed By:
Roger Nair · License #OH 2011001849
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 12:42PM
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 duplex buildings with 22 total units at 1533–1545 Fillmore Ave in Lorain, Ohio. The properties occupy a corner block spanning 3 streets and may be acquired together or on a building-by-building basis.
Occupancy is currently 95%, while rents are approximately 8% below market value. Most units have not received a rent increase in several years. Tenants pay their own electric and water bills, providing a defined utility responsibility structure for the portfolio.
Occupancy is currently 95%, while rents are approximately 8% below market value. Most units have not received a rent increase in several years. Tenants pay their own electric and water bills, providing a defined utility responsibility structure for the portfolio.
Key Highlights
- 11 duplex buildings totaling 22 units
- 95% current occupancy
- Rents are approximately 8% below market value
Property Analytics
Current Use
Lease Details
22
Residential units
95%
Occupancy
Location Intelligence
Trade Area within ½ mile
110
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 - Multi-building residential income property with tenants responsible for electric and water charges.
Where is this duplex located?
The property is located at 1533 1545 Fillmore Ave Lorain, OH.
What are key features of this property?
This property features: 11 duplex buildings totaling 22 units; 95% current occupancy; Rents are approximately 8% below market value
