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Updated Duplex with Solar Panels
New
For Sale
$140,000

2331 Homewood Dr, Lorain, OH 44055

Two-unit property with refreshed interiors, basement laundry access, and a large rear parking area.

Property Size2,688 SF
Price / SF$52.08
Days on Market3

Property Features for 2331 Homewood Dr

General Information

Standard status Active
Size 2,688 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

solar panels
basement laundry

Building Details

Year Built 1949
Buildings 1
Listing Agency: Russell Real Estate Services
Listed By: Michael P Terrigno · License #2011001207
Source: Homesinneohio
Added: Sep 8 Last Checked: Sep 9 at 10:20PM

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

Investment Insights

Based on property information with market context.

Built in 1949, this 2,688-square-foot duplex includes two separately arranged units. Each residence has an eat-in kitchen, living room, two bedrooms, and one full bathroom. Interior improvements vary by unit, including LVP flooring and new countertops in one, while the other includes stained wood floors, an updated bathroom, and solar panels. Laundry access is available in the basement, and the property includes a substantial rear parking area for off-street vehicle storage.

The property is located at 2331 Homewood Dr in Lorain, Ohio. Its two-unit configuration supports separate residential occupancy, with the existing layouts providing a consistent bedroom and bathroom count in each unit.

Key Highlights

  • 2,688‑square‑foot duplex built in 1949
  • Each unit includes 2 bedrooms and 1 full bathroom
  • One unit has newer LVP flooring and new countertops

Property Analytics

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Current Use

Duplexes

Suggested Use

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

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

159
Businesses Nearby

Demographics for 44055, OH

19,331
Population
9,258
Households
2.1
Avg Household Size
36
Median Age
10%
College-Educated
82%
High-School Grad
6.3 sq mi
ZIP Area
3,068
Density / Sq Mi
$36,603
Median Household Income
$30,631
Median Earnings
$848
Median Rent
$95,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with refreshed interiors, basement laundry access, and a large rear parking area.
Where is this duplex located?
The property is located at 2331 Homewood Dr Lorain, OH.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 2,688‑square‑foot duplex built in 1949; Each unit includes 2 bedrooms and 1 full bathroom; One unit has newer LVP flooring and new countertops
More about this property
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