Doug Ryan
KW Classic Properties Realty
(380) 333-6700
90 Total Sales
1 in Lorain
$5,000,000 Price
1040 W 9th St Lorain, OH 44052
Lorain Area
4
Beds
2
Baths
4,077
Sq Ft
7,405
Sq Ft Lot
About This Home
As of July 2025INVESTOR SPECIAL. Full brick duplex in the heart of Lorain that is fully tenant occupied. This property is grossing $2,630 a month in rent per month! Both tenants are currently on yearly leases, and would like to stay. Tenants pay their gas and electricity, owner pays water, sewer, and trash. Don't miss out on your opportunity to add this turnkey and cash flowing investment property to your portfolio today!
Last Agent to Sell the Property
WR Western Reserve Real Estate Brokerage Email: DrewDickson@remax.net 440-796-9186 License #2021003011 Listed on: 05/07/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,332
Year Built
- Built in 1900
Lot Details
- 7,405 Sq Ft Lot
Parking
- Driveway
Home Design
- Duplex
- Brick Exterior Construction
- Shingle Roof
- Fiberglass Roof
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- No Cooling
- Baseboard Heating
Community Details
- Wallace Jones Root Add Subdivision
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 02-01-006-115-046
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2025
Closed on
Jul 2, 2025
Sold by
Bought by
Seller's Agent
Drew Dickson
WR Western Reserve Real Estate
Buyer's Agent
Aimee Neiman
Keller Williams Chervenic Rlty
List Price
$159,900
Sold Price
$171,000
Premium/Discount to List
$11,100
6.94%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Outstanding Balance
$126,909
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Jun 13, 2024
Closed on
Jul 24, 2024
Sold by
Bought by
Seller's Agent
Douglas Baker
Keller Williams Citywide
Buyer's Agent
Drew Dickson
WR Western Reserve Real Estate
List Price
$129,000
Sold Price
$118,000
Premium/Discount to List
-$11,000
-8.53%
Views
41
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.17%
Original Mortgage
$94,400
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 5, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 22, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 4, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,600
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 22, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
5.71%
Purchase Details
Closed on
Sep 10, 2002
Sold by
Bought by
Purchase Details
Closed on
May 20, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lorain, OH
-
Doug Ryan
-
Feliz Colon
Feliz Colon
Keller Williams Living
(234) 704-3050
181 Total Sales
5 in Lorain
$150K - $399K Price Range
-
Edith Ross
Edith Ross
Russell Real Estate Services
(216) 677-6801
158 Total Sales
1 in Lorain
$360,000 Price
-
Pamela Holley
Pamela Holley
Keller Williams Elevate
(216) 666-5481
56 Total Sales
1 in Lorain
$183,000 Price
-
Tresa Klein
Tresa Klein
Keller Williams Elevate
(440) 379-8357
163 Total Sales
1 in Lorain
$309,500 Price
-
Adam Bellinski
Adam Bellinski
Russell Real Estate Services
(234) 278-1344
442 Total Sales
6 in Lorain
$95K - $349K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $171,000 | Fidelity National Title | ||
| $118,000 | Fidelity National Title | ||
| $87,500 | None Listed On Document | ||
| $60,000 | None Listed On Document | ||
| -- | -- | ||
| $76,000 | Real Living Title Agency Ltd | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $128,250 | ||
| Previous Owner | $94,400 | ||
| Previous Owner | $65,000 | ||
| Previous Owner | $80,600 | ||
| Previous Owner | $68,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | $171,000 | +6.9% | $42 / Sq Ft | |
| 05/11/2025 05/11/25 | Pending | -- | -- | -- | |
| 05/07/2025 05/07/25 | For Sale | $159,900 | +35.5% | $39 / Sq Ft | |
| 08/02/2024 08/02/24 | Sold | $118,000 | -8.5% | $86 / Sq Ft | View Prior Sale |
| 06/29/2024 06/29/24 | Price Changed | $129,000 | -3.0% | $94 / Sq Ft | |
| 06/17/2024 06/17/24 | Price Changed | $133,000 | +3.1% | $97 / Sq Ft | |
| 06/13/2024 06/13/24 | For Sale | $129,000 | -- | $94 / Sq Ft |
Source: MLS Now
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,332 | $55,202 | $5,040 | $50,162 |
| 2023 | $1,283 | $24,290 | $4,561 | $19,730 |
| 2022 | $1,272 | $24,290 | $4,561 | $19,730 |
| 2021 | $1,272 | $24,290 | $4,560 | $19,730 |
| 2020 | $1,295 | $21,470 | $4,030 | $17,440 |
| 2019 | $1,287 | $21,470 | $4,030 | $17,440 |
| 2018 | $1,288 | $21,470 | $4,030 | $17,440 |
| 2017 | $1,314 | $20,650 | $4,540 | $16,110 |
Source: Public Records
Agents Affiliated with this Home
-
Drew Dickson
Seller's Agent in 2025
Drew Dickson
RE/MAX
(440) 796-9186
82 Total Sales
-
Aimee Neiman
Buyer's Agent in 2025
Aimee Neiman
Keller Williams Chervenic Rlty
(330) 620-1123
228 Total Sales
-
Douglas Baker
Seller's Agent in 2024
Douglas Baker
Keller Williams Citywide
70 Total Sales
-
Rose Baker
Seller Co-Listing Agent in 2024
Rose Baker
Keller Williams Citywide
(216) 956-8109
174 Total Sales
Map
Source: MLS Now
MLS Number: 5120808
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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