605 W 36th Street, Lorain, OH 44052
MULTI_FAMILY - Lorain, OH
- Added:
- Jun 26, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 3 at 2:06 pm
Property Features for 605 W 36th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Laundry Room, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- Parking features
- Garage
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Asphalt, Fiberglass
Listing agent Carol Gallardo License #253647 (440) 667-7514
Listing office Russell Real Estate Services 36178 Center Ridge Road, Strongsville, OH (440) 327-6511
Listing date Jun 26, 2026
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.
HighLights
- Brick ranch duplex built in 1964 with a center garage and identical unit layouts
- Each unit features 2 bedrooms plus kitchen, eating area, living room, and laundry room
- Public utilities: public water and public sewer; roof is asphalt with fiberglass
- Heating is forced air with natural gas, and cooling is central air
- Updates include newer windows on east side, new screen doors, and 1 newer water tank
- Property includes 2 lots totaling 0.25 acres, with the second lot described at the corner of 36th and Oakdale
Overview
Located in Lorain, Ohio (44052), the home sits on two lots. The primary home is on one lot, and the second lot is described as a corner of 36th and Oakdale. The total lot area is approximately 0.25 acres, with a building size of 1,736 square feet.
This duplex can work well for an owner-occupant who wants to live in one unit while renting the other, or for an investor seeking a straightforward, duplicated layout. With in-unit laundry and mirrored interior configurations, operations and tenant turnover may be more consistent than properties with non-matching floorplans. The additional lot may also be useful for managing the overall site footprint.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.0k | $13.80 |
| − Vacancy | −$1.2k | −$0.72 |
| EGI | $22.7k | $13.08 |
| − OpEx | −$6.8k | −$3.92 |
| NOI | $15.9k | $9.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lorain
- County
- Lorain
- State
- Ohio
- Longitude
- -82.171892
- Latitude
- 41.437355
