NOT LISTED FOR SALE

1239 W 5th St Lorain, OH 44052

8 Beds
4 Baths
4,176 Sq Ft
3,920 Sq Ft Lot

Last Sold March 14, 2024

Last sale price $195,000 $47 Per Sq Ft

5 Days on Market

About This Home

As of March 2024

Rare opportunity for a true brick 4 unit building. Each unit was rehabbed a few years back. 2 electrical of the 4 electrical panels have been updated. 4 new hot tanks. Solid income producing property. Fully occupied. Tenant provides their owner washer and dryer. Landlord provides range and refrigerator. Tenants pay all utilities including electric, gas and water. All units are fully rented, unit 1: $650/mo, unit 2: $625/mo, unit 3: $600/mo, unit 4: $625. Solid income generating property, seller is ready to move on to other investments.

Last Agent to Sell the Property

Mathew Chase

Keller Williams Greater Metropolitan Brokerage Email: 216-839-5500 klrw297@kw.com License #2013002819 Listed on: 02/06/2024

Keller Williams Greater Metropolitan

Last Buyer's Agent

Austin McClain

Deleted Agent License #2022000002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,241

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 4,176 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Brownells Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-02-026-108-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,241

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1900
  • Attribution Contact: 216-839-5500 klrw297@kw.com
  • Subdivision Name: Brownells
  • Above Grade Finished Sq Ft: 4176.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2022
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Roof: Rubber
  • Acres: 0.09
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-02-026-108-001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2241.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2024 03/14/24 Sold $195,000 -2.5% $47 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $199,900 -- $48 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

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 $3,409 $53,368 $2,496 $50,873
2023 $2,466 $31,381 $2,079 $29,302
2022 $2,441 $31,381 $2,079 $29,302
2021 $2,452 $31,381 $2,079 $29,302
2020 $2,520 $31,380 $2,080 $29,300
2019 $2,498 $31,380 $2,080 $29,300
2018 $2,452 $31,380 $2,080 $29,300
2017 $2,894 $33,490 $5,600 $27,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5015658

MLS Now