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Four-Unit Quadplex

848-854 N Central Dr, Lorain, OH 44052

For Sale
$249,900

Each apartment has two bedrooms, a full bathroom, and a dedicated laundry room.

Property Size3,624 SF
Price / SF$68.96
Days on Market23

Property Features for 848-854 N Central Dr

General Information

Standard status Active
Size 3,624 SF
Property subtype Multi-Family
Occupancy 75%

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Tenant in Place Yes

Amenities

front porch spaces
private rear deck entrances
dedicated laundry room
parking lot

Building Details

Year Built 1943
Buildings 1
Listing Agency: Keller Williams Greater Metropolitan
Listed By: Mathew P Chase · License #2013002819
Source: Mynexthomeonline
Added: Oct 18 Changed: Nov 8 Last Checked: Nov 8 at 6:59AM

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 Keller Williams Greater Metropolitan

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Investment Insights

Based on property information with market context.

This 3,624-square-foot quadplex, built in 1943, contains four apartments, each with two bedrooms, one full bathroom, and a dedicated laundry room. Three apartments are occupied; the fourth is vacant and has new flooring, fresh paint, and a replacement hot water tank. The property also includes front porches, separate rear deck entrances, and a sizable parking lot.

Key Highlights

  • Four apartments, each with two bedrooms and one full bathroom
  • 3,624 square feet; built in 1943
  • Three of four apartments are occupied

Property Analytics

Lease Details

4
Residential units
75%
Occupancy

Location Intelligence

Trade Area within ½ mile

318
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

Market

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?
Quadplex - Each apartment has two bedrooms, a full bathroom, and a dedicated laundry room.
Where is this quadplex located?
The property is located at 848-854 N Central Dr Lorain, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Four apartments, each with two bedrooms and one full bathroom; 3,624 square feet; built in 1943; Three of four apartments are occupied
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