2305-2307 Hamilton Avenue, Lorain, OH 44052
MULTI_FAMILY - Lorain, OH
- Added:
- Jun 16, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 4:06 am
Property Features for 2305-2307 Hamilton Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Parking features
- Garage
- Interior features
- EatInKitchen
- Appliances
- Disposal, Range, Refrigerator
- Standard status
- Active
- APN
- 02-01-006-157-001
- Size
- 1,000 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 100 X 85 LOT # 292
- Tax Annual Amount
- 1760
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Asphalt
Listing agent James G Rieth CRB License #178601 (440) 653-0033
Listing office Rieth Realty, Inc. 1700 Rosecrest Drive, Lorain, OH (440) 282-5156
Listing date Jun 16, 2026
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.
HighLights
- Duplex built in 1969 with aluminum siding, asphalt roof, forced‑air natural gas heat, and central air
- Eat‑in kitchen layout with appliances including refrigerator, range, and disposal
- Oversized 2‑car garage with additional storage and space for a vehicle for each tenant
- New concrete driveway
- Public water and public sewer; gas and electric billed to tenants
- Water/sewer/trash on one meter billed to the property owner; long‑term tenants currently occupy the property
Overview
Located in Lorain, Ohio at 2305-2307 Hamilton Avenue, the home is described as being close to schools, shops, and access to major highways. The lot size is listed at 0.19 acres, and the total property size is shown as 1,000 square feet.
Operating costs are arranged with gas and electric billed to the tenant. Water, sewer, and trash are on a single meter and billed to the property owner. Long-term tenants currently occupy the property, which may appeal to investors seeking steady occupancy or first-time buyers who want to live in one unit while renting the other.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.8k | $13.80 |
| − Vacancy | −$718 | −$0.72 |
| EGI | $13.1k | $13.08 |
| − OpEx | −$3.9k | −$3.92 |
| NOI | $9.2k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.181996
- Latitude
- 41.44848
