4-Unit Residential
New
For Sale
$249,900
848-854 N Central Drive, Lorain, OH 44052
ResidentialIncome, Lorain, OH
Property Size3,624 SF
Lot Size0.30 Acres
Price / SF$68.96
Days on Market2
Property Features for 848-854 N Central Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Laundry Room, Bedroom 7
Parking features
Parking Lot
Appliances
Range, Refrigerator
Subdivision
Central Park Homes
Elementary school district
Lorain CSD - 4709
Middle school district
Lorain CSD - 4709
High school district
Lorain CSD - 4709
Directions
From I-90, take the OH-57 North exit toward Lorain. Continue north on OH-57, turn left onto E 28th Street, right onto Elyria Avenue, left onto W 24th Street, and right onto N Central Drive. The property at 548 N Central Drive will be on your left.
Standard status
Active
APN
02-01-006-159-020
Size
3,624 SF
Lot size
0.30 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
CENTRAL PK HOMES 99.75 X 140 LOT # 7
Tax Annual Amount
3655
Legal Description
CENTRAL PK HOMES 99.75 X 140 LOT # 7
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Amenities
dedicated laundry room
front porch spaces
private rear deck entrances
generously sized parking lot
Building Details
Year built
1943
Floors in Building
2
Building materials
VinylSiding
Roof type
Fiberglass, Asphalt
Buildings
1
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Mathew P Chase · License #2013002819
(440) 452-2000
Added: Oct 28
Last Checked: Oct 29 at 7:06PM
MLS# 5254283
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.
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Investment Insights
Based on property information with market context.
The 3,624-square-foot quadplex contains four apartments, each with two bedrooms, one full bathroom, and a dedicated laundry room. Three units are occupied. The remaining apartment has new flooring, fresh paint, and a recently installed hot water tank. The property was built in 1943 and sits on a 0.3043-acre lot.
Front porches, private rear deck entrances, and a parking lot serve the building. Public water and sewer are available.
Front porches, private rear deck entrances, and a parking lot serve the building. Public water and sewer are available.
Key Highlights
- Four apartments, each with two bedrooms and one full bathroom
- Three of the four units are occupied
- Vacant unit updated with new flooring, fresh paint, and a new hot water tank
Property Analytics
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Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
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
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are occupied, while the fourth has updated flooring, paint, and a hot water tank.
Where is this quadplex located?
The property is located at 848-854 N Central Drive 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; Three of the four units are occupied; Vacant unit updated with new flooring, fresh paint, and a new hot water tank
