1902 Hancock St Lorain, OH 44052

22-Unit Neighborhood-Scale Duplex Portfolio | Lorain, Ohio 11 Duplex Buildings | Light Value-Add with Embedded Rent Upside Civitas Commercial is pleased to present the Lorain Duplex Portfolio, a strategically concentrated collection of eleven duplex properties totaling twenty-two residential units located along Randall Street, Hancock Street, and Fillmore Avenue in Lorain, Ohio. Constructed between 1978 and 1979, the portfolio features a consistent unit mix of fourteen 3-bedroom / 1.5-bath units and eight 2-bedroom / 1.5-bath units, averaging approximately 900 square feet per unit. The assets are clustered within close proximity, allowing the portfolio to function operationally as a neighborhood-scale multifamily investment with streamlined management and maintenance efficiencies. The portfolio is currently 63% occupied and generates $163,980 in-place annual gross income. Market-supported rent normalization supports a projected gross potential income of $308,760 annually, creating significant organic upside without reliance on major capital renovation programs. Lorain benefits from a diverse employment base including manufacturing, healthcare, logistics, port-related industries, and regional services. The city’s proximity to Cleveland and continued renter demand for small-format housing support long-term occupancy stability. This offering presents investors with immediate scale, operational simplicity, and meaningful rent growth potential within a durable Midwestern rental market.