Two-Unit Ranch Duplex with
For Sale
$210,000
605 W 36th Street, Lorain, OH 44052
ResidentialIncome, Lorain, OH
Property Size1,736 SF
Lot Size0.25 Acres
Price / SF$120.97
Days on Market103
Property Features for 605 W 36th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Laundry Room
Parking features
Garage
Subdivision
Lorain Stone Companys 02
Lot features
City Lot
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
Corner of Oakdale and 36th st.
Standard status
Active
APN
02-01-003-237-020
Size
1,736 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LORAIN STONE CO #2 50 X 124 LOT # 398 and LORAIN STONE CO #2 40 X 124 LOT # 397
Tax Annual Amount
2405
Legal Description
LORAIN STONE CO #2 50 X 124 LOT # 398 and LORAIN STONE CO #2 40 X 124 LOT # 397
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Building materials
Block
Roof type
Fiberglass, Asphalt
Listing Agency:
Russell Real Estate Services
(440) 327-6511
Listed By:
Carol Gallardo · License #253647
(440) 667-7514
Added: Jun 26
Changed: Sep 23
Last Checked: Oct 6 at 8:06AM
MLS# 5223003
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 1964 duplex contains two matching units within a ranch-style layout. Each residence includes two bedrooms, a kitchen, eating area, living room, and laundry room, with separate crawl-space access on each side. The 1,736-square-foot property also includes a center garage and central air conditioning, with forced-air natural gas heat serving the building.
The property spans two lots totaling 0.25 acres. One lot contains the residence, while the second is located at the corner of 36th and Oakdale. Public water and sewer are in place. Improvements include newer windows on the east side, new screen doors, and one newer water tank. Long-term renters are in place.
The property spans two lots totaling 0.25 acres. One lot contains the residence, while the second is located at the corner of 36th and Oakdale. Public water and sewer are in place. Improvements include newer windows on the east side, new screen doors, and one newer water tank. Long-term renters are in place.
Key Highlights
- Two‑unit duplex with 1,736 square feet of building area
- Each unit includes 2 bedrooms, kitchen, eating area, living room, and laundry
- Center garage and separate crawl‑space access for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,898
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,960
$318.0K
Cap Rate 7%
$227,114
$227.1K
Cap Rate 9%
$176,644
$176.6K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$24.0K $13.80/SF
− Vacancy
−$1.2K −$0.72/SF
EGI
$22.7K $13.08/SF
− OpEx
−$6.8K −$3.92/SF
NOI
$15.9K $9.16/SF
Area
Lorain County, OH
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,960
Cap Rate 7%
$227,114
Cap Rate 9%
$176,644
Alternative Uses
Best Use
Multifamily LT 5
$227.1K
$198.7K – $265.0K
NOI $15,898 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$212.1K
$185.6K – $247.5K
NOI $14,849 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$437.5K
$382.8K – $510.4K
NOI $30,623 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
190
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Matching units offer practical layouts with separate laundry areas, central heating, and a shared garage.
Where is this duplex located?
The property is located at 605 W 36th Street Lorain, OH.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,736 square feet of building area; Each unit includes 2 bedrooms, kitchen, eating area, living room, and laundry; Center garage and separate crawl‑space access for each side
