Studio Apartment Multifamily
For Sale
Contact for pricing
2833 Seneca Avenue, Lorain, OH 44055
Well-maintained 15-unit multifamily building with studios, generating gross rental income of about $10,500 per month.
Property SizeContact for details
Days on Market110
Property Features for 2833 Seneca Avenue
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Redevelopment
Additional Details
Multifamily Units
15
Building Details
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Budget Real Estate NYC INC
Listed By:
Inbal Levy · License #NY 10311208049
(347) 517-8828
Source:
Crexi
Added: May 18
Changed: Sep 3
Last Checked: Sep 2 at 2:12AM
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 Budget Real Estate NYC INC
Investment Insights
Based on property information with market context.
Located at 2833 Seneca Avenue, this well-maintained 15-unit multifamily property is comprised entirely of studio apartments. The building is described as being in good condition, aimed at minimizing immediate capital expenditure needs.
The property is currently generating approximately $10,500 per month in gross rental income, with units averaging about $700 per month. Professional management expenses are estimated at 10%, supporting straightforward operational efficiency.
For investors seeking a dependable, income-focused residential asset with in-place rental demand, this turnkey studio portfolio offers a simple unit mix and consistent management approach.
The property is currently generating approximately $10,500 per month in gross rental income, with units averaging about $700 per month. Professional management expenses are estimated at 10%, supporting straightforward operational efficiency.
For investors seeking a dependable, income-focused residential asset with in-place rental demand, this turnkey studio portfolio offers a simple unit mix and consistent management approach.
Key Highlights
- 15‑unit multifamily building at 2833 Seneca Ave
- All units are studio apartments
- Approximately $10,500/month gross rental income; units average about $700/month
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
205
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?
Apartment building - Well-maintained 15-unit multifamily building with studios, generating gross rental income of about $10,500 per month.
Where is this apartment building located?
The property is located at 2833 Seneca Avenue Lorain, OH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 15‑unit multifamily building at 2833 Seneca Ave; All units are studio apartments; Approximately $10,500/month gross rental income; units average about $700/month
