Duplex with Updated
New
For Sale
$140,000
2331 Homewood Drive, Lorain, OH 44055
ResidentialIncome, Lorain, OH
Property Size2,688 SF
Lot Size0.17 Acres
Price / SF$52.08
Days on Market2
Property Features for 2331 Homewood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Paved or Surfaced
Subdivision
Homewood
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
1 block East of Rt. 57
Standard status
Active
APN
03-00-080-104-014
Size
2,688 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOMEWOOD 50.00 X 150.00 LOT # 157
Tax Annual Amount
1793
Legal Description
HOMEWOOD 50.00 X 150.00 LOT # 157
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1949
Floors in Building
2
Building materials
VinylSiding
Roof type
Asphalt, Fiberglass
Listing Agency:
Russell Real Estate Services
(440) 572-3100
Listed By:
Michael P Terrigno · License #2011001207
(440) 773-4619
Added: Sep 4
Last Checked: Sep 5 at 4:06PM
MLS# 5242387
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.
Investment Insights
Based on property information with market context.
This 2,688-square-foot duplex contains two residences, each arranged with an eat-in kitchen, living room, two bedrooms, and one full bathroom. Interior updates include newer LVP flooring and countertops in one unit, while the other has stained wood floors, a refreshed bathroom, and solar panels. Both residences have laundry access in the basement.
The property sits on a 0.1722-acre lot at 2331 Homewood Drive in Lorain, Ohio. A large rear parking area provides paved off-street parking. Built in 1949, the building has vinyl siding, an asphalt and fiberglass roof, natural-gas forced-air heat, wall-unit cooling, public water, and public sewer. The configuration supports separate residential occupancy within a single multifamily property.
The property sits on a 0.1722-acre lot at 2331 Homewood Drive in Lorain, Ohio. A large rear parking area provides paved off-street parking. Built in 1949, the building has vinyl siding, an asphalt and fiberglass roof, natural-gas forced-air heat, wall-unit cooling, public water, and public sewer. The configuration supports separate residential occupancy within a single multifamily property.
Key Highlights
- 2,688‑square‑foot duplex with two bedrooms and one full bathroom per unit
- One unit features newer LVP flooring and new countertops
- Second unit includes new stained wood floors, an updated bathroom, and solar panels
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate living areas, basement laundry access, paved parking, and recent improvements to both residences.
Where is this duplex located?
The property is located at 2331 Homewood Drive 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 with two bedrooms and one full bathroom per unit; One unit features newer LVP flooring and new countertops; Second unit includes new stained wood floors, an updated bathroom, and solar panels
