$105,000
UNDER CONTRACT

124 Washington Ave Lorain, OH 44052

Estimated payment $674/month

Total Views 6,911
4 Beds
2 Baths
1,858 Sq Ft
$57 Price per Sq Ft

Highlights

  • Colonial Architecture
  • No HOA
  • Forced Air Heating System
  • 1 Fireplace
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan

About This Home

Duplex-Style Income Property Near Lake Erie! Just one house down from the water, this single-family 3-bedroom, 1-bath home brings in $1,000/month in rent, while an attached 1-bedroom, 1-bath apartment adds an additional $450/month. With both units currently occupied, the property generates a total of $1,450/month in steady rental income, tenants paying all utilities! Located in a desirable Lorain neighborhood near the lake, this property offers strong cash flow and long-term tenant appeal. A great opportunity for investors seeking a multi-unit setup with proven rental history.

Listing Agent

Adin Homoelle

RE/MAX Infinity Brokerage Email: adinw04@gmail.com, 440-387-8675 License #2023004934 Listed on: 08/11/2025

RE/MAX Infinity

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,405

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • Unpaved Parking

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,858 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Charleston 01 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-01-006-103-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,405

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1900
  • Attribution Contact: adinw04@gmail.com, 440-387-8675
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Charleston 01
  • Above Grade Finished Sq Ft: 1858.0
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2024
  • Property Sub Type Additional: Single Family Residence
  • Special Features: UnderContract
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Main Level Bathrooms: 1
  • Stories: 2

Exterior Features

  • Roof: Asphalt
  • Acres: 0.22
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved

Utilities

  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-006-103-015
  • LandLeaseYN: No

Tax Info

  • Tax Annual Amount: 1405.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $1,405 $33,254 $5,565 $27,689
2023 $1,143 $21,627 $3,777 $17,850
2022 $1,133 $21,627 $3,777 $17,850
2021 $1,133 $21,627 $3,777 $17,850
2020 $1,153 $19,120 $3,340 $15,780
2019 $1,147 $19,120 $3,340 $15,780
2018 $1,147 $19,120 $3,340 $15,780
2017 $1,240 $19,490 $3,760 $15,730
2016 $1,230 $19,490 $3,760 $15,730
2015 $1,162 $19,490 $3,760 $15,730
2014 $1,074 $18,050 $3,480 $14,570
2013 $1,066 $18,050 $3,480 $14,570
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $105,000 -- $57 / Sq Ft
Source: MLS Now

Purchase History

Date Type Sale Price Title Company
Warranty Deed $75,000 Titleco Title Agency
Quit Claim Deed $10,000 --
Quit Claim Deed $59,500 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $90,000 Construction
Source: Public Records

Source: MLS Now

MLS Number: 5147398

MLS Now

APN: 02-01-006-103-015

Ohio Lorain County Lorain 44052

124 Washington Ave, Lorain, OH

This home is located at 124 Washington Ave, Lorain, OH 44052 and is currently priced at $105,000, approximately $56 per square foot. This property was built in 1900. 124 Washington Ave is a home located in Lorain County with nearby schools including Admiral King Elementary School, Longfellow Middle School, and Lorain High School.

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.

MLS Now 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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Listing Agent
Adin Homoelle
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RE/MAX Infinity
(440) 659-2447