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2514 Reid Avenue, Lorain, OH, 44052
Duplex Income Property

2514 Reid Avenue Lorain, OH 44052

New
For Sale
$169,000

MULTI_FAMILY - Lorain, OH

Property Size1,952 SF
Lot Size0.14 Acres
Price / SF$86.58
Days on Market2

Property Features for 2514 Reid Avenue

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Rooms
Laundry Room, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 4, Basement, Bedroom 1
Parking features
Driveway
Exterior features
PrivateYard
Standard status
Active
APN
02-01-003-187-018
Size
1,952 SF
Lot size
0.14 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
BRASS CCO 48.00 X 135.00 LOT # 176
Tax Annual Amount
1963

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public

Building Details

Year built
1900
Floors in Building
2
Building materials
Concrete
Roof type
Asphalt, Fiberglass
Listing Agency: Russell Real Estate Services
Listed By: Steven Lawson · License #2020000096
Added: Jul 23 Last Checked: Jul 24 at 12:06PM
MLS# 5229898

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 duplex income property includes two occupied residential units with shared building infrastructure and individual utility metering. The lower unit features 3 bedrooms and 1 full bath, along with a living room, dining room, and full kitchen. The upper unit offers 2 bedrooms and 1 full bath, with a similar living and dining layout and a full kitchen. A full, dry basement provides two separate laundry areas and additional tenant storage.

Outside, the property includes a fenced backyard. The units have separate gas and electric meters, and the owner is currently responsible for water, sewer, and trash. Showings are allowed after an accepted offer, and tenants must not be disturbed.

The property is located in Lorain, Ohio, at 2514 Reid Avenue.

Key Highlights

  • Duplex with nearly 2,000 sq ft, both units currently occupied and generating just under $2,000/month gross income
  • Lower unit: 3 bedrooms, 1 full bath, living room, dining room, full kitchen; upper unit: 2 bedrooms, 1 full bath with similar living/dining/kitchen layout
  • Full, dry basement with two separate laundry areas and abundant tenant storage

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Skin Care Clinic Restaurant Accounting Firm Nail Salon Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex with two occupied units, separate gas and electric meters, and a full dry basement with two laundry areas.
Where is this duplex located?
The property is located at 2514 Reid Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Duplex with nearly 2,000 sq ft, both units currently occupied and generating just under $2,000/month gross income; Lower unit: 3 bedrooms, 1 full bath, living room, dining room, full kitchen; upper unit: 2 bedrooms, 1 full bath with similar living/dining/kitchen layout; Full, dry basement with two separate laundry areas and abundant tenant storage
More about this property
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