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Two-Unit Duplex

407 W 22nd Street, Lorain, OH 44052

For Sale
$128,750

One residence is leased through March 2026, while the other is vacant.

Property SizeContact for details
Days on Market195

Property Features for 407 W 22nd Street

General Information

Standard status Active
Property subtype Duplex

Additional Details

Multifamily Units 19

Taxes and HOA fees

Annual Taxes $1,404

Building Details

Year Built 1900
Listing Agency: Russell Real Estate Services
Listed By: Tal Tamir · License #2018001908
Source: Lifestagesrealty
Added: Apr 29 Changed: Nov 7 Last Checked: Nov 8 at 8:34PM

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

Rey
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Investment Insights

Based on property information with market context.

This duplex, built in 1900, contains two residences. One is occupied under a lease running through March 31, 2026; the other is vacant. The resident pays electric service, and the owner covers water, sewer, and trash expenses.

The property is offered only as part of a 19-unit portfolio and is not available for individual purchase.

Key Highlights

  • Two residential units
  • Built in 1900
  • One unit occupied under lease through 3/31/26; the second unit is vacant

Property Analytics

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Open Analytics

Lease Details

19
Residential units

Location Intelligence

Trade Area within ½ mile

313
Businesses Nearby

Demographics for 44052, OH

29,249
Population
13,673
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
83%
High-School Grad
9.5 sq mi
ZIP Area
3,079
Density / Sq Mi
$42,298
Median Household Income
$31,985
Median Earnings
$840
Median Rent
$104,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Lorain, OH

$94.44 Jul
$79.53 Aug
$77.41 Sep
$88.23 Oct

Properties on Market for Duplexes in Lorain

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - One residence is leased through March 2026, while the other is vacant.
Where is this duplex located?
The property is located at 407 W 22nd Street Lorain, OH.
What is the asking price?
The asking price for this property is $128,750.
What are key features of this property?
This property features: Two residential units; Built in 1900; One unit occupied under lease through 3/31/26; the second unit is vacant
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