Duplex with Updated
For Sale
Under Contract
$155,000
508 W 23rd Street, Lorain, OH 44052
ResidentialIncome, Lorain, OH
Property Size2,274 SF
Lot Size0.17 Acres
Price / SF$68.16
Days on Market155
Property Features for 508 W 23rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Laundry Room, Basement, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Driveway, Garage
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
Hogan
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
NORTH OF BROADWAY
Standard status
Active Under Contract
APN
02-01-003-171-021
Size
2,274 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOGAN 3RD 50 X 150
Tax Annual Amount
1170
Legal Description
HOGAN 3RD 50 X 150
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
private balcony
covered porches
in-unit laundry
backyard
storage shed
Building Details
Year built
1900
Floors in Building
2
Building materials
VinylSiding
Roof type
Shingle, Asphalt, Fiberglass
Listing Agency:
Keller Williams Citywide · Keller Williams Realty
(440) 892-2211
Listed By:
Angie Lopez · License #2021002776
(216) 855-4477
Added: Mar 29
Changed: Aug 20
Last Checked: Aug 30 at 2:06PM
MLS# 5195958
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 two-unit residential property at 508 W 23rd Street in Lorain, Ohio, contains 2,274 square feet on a 0.17-acre lot. Built in 1900, the property has vinyl siding, asphalt shingle roofing, vinyl windows, updated flooring, kitchens, and bathrooms. Each unit has its own furnace and laundry area, while the basement includes an additional laundry connection. Two hot water tanks were installed in 2020, and the property includes a newer furnace system.
The upper unit has a private balcony, and the lower unit offers covered porches. A backyard and storage shed provide additional exterior space. Appliances that remain include ranges, refrigerators, washers, and dryers. Public water and public sewer serve the property, with driveway and garage parking. The property has previously qualified for Section 8.
The upper unit has a private balcony, and the lower unit offers covered porches. A backyard and storage shed provide additional exterior space. Appliances that remain include ranges, refrigerators, washers, and dryers. Public water and public sewer serve the property, with driveway and garage parking. The property has previously qualified for Section 8.
Key Highlights
- Two‑unit property with 2,274 square feet on a 0.17‑acre lot
- Updated vinyl siding, roof, windows, flooring, kitchens, and bathrooms
- Two hot water tanks installed in 2020, plus two furnaces
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
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
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 residential property with separate living spaces, in-unit laundry areas, outdoor porches, and a private upper-level balcony.
Where is this duplex located?
The property is located at 508 W 23rd Street Lorain, OH.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two‑unit property with 2,274 square feet on a 0.17‑acre lot; Updated vinyl siding, roof, windows, flooring, kitchens, and bathrooms; Two hot water tanks installed in 2020, plus two furnaces
