605 West 36th Street Lorain, OH 44052
Brick ranch duplex offers two matching 2-bedroom units with a center garage and in-unit laundry areas.
Property Features for 605 West 36th Street
General Information
- Standard status
- Active
- Size
- 1,736 SF
- Lot size
- 0.25 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing office Russell Commercial Advisory
Listing date Jul 9, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The property includes some updates, including newer windows on the east side, new screen doors, and one newer water tank. Long-term renters are in place.
The duplex sits on two lots totaling 0.25 acres, with the home on one lot and the other located at the corner of 36th and Oakdale.
Key Highlights
- Brick ranch duplex built in 1964 with 2 matching 2‑bedroom units, each with kitchen, eating area, living room, and laundry
- Center garage setup plus separate crawl space access on each side of the duplex
- Some updates include newer windows on the east side, new screen doors, and 1 newer water tank
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 |
