$112,000
SOLD JUN 25, 2025

1259 E Erie Ave Lorain, OH 44052

5 Beds
2 Baths
1,406 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$80 Per Sq Ft

14% Below List Price

8 Days on Market

Highlights

  • Waterfront
  • Cooling System Mounted To A Wall/Window
  • South Facing Home
  • Community Lake
  • Forced Air Heating System

About This Home

As of June 2025

Lakefront Duplex with Private Beach Access – Value-Add Investment Opportunity!

Calling all investors and vacation rental visionaries! 1259 E Erie Ave., Lorain, OH is your chance to own a duplex on the lake side of the street with rare private beach access – and tons of potential to build equity.

This property features two separate units, ready for your updates and personal touch:

First-floor unit: 2 bedrooms, 1 bathroom

Second-floor unit: 3 bedrooms, 1 bathroom

Both units offer spacious layouts and fantastic income potential, whether you’re targeting long-term tenants or short-term vacationers looking for lakefront charm. With a bit of updating, this property could become a true standout in the Lorain rental market.

Just steps from the shores of Lake Erie, this location is a strong draw for renters and vacationers alike. Add value through renovations and take advantage of the growing demand for affordable lakefront rentals.

This is the kind of investment where vision meets opportunity – don’t miss your chance to create cash flow and equity in one of Lorain’s most desirable settings!

Last Agent to Sell the Property

Christopher Foisy

Howard Hanna Brokerage Email: chrisfoisy@howardhanna.com 440-396-4391 License #2014000365 Listed on: 04/23/2025

Howard Hanna

Last Buyer's Agent

Helen Soeder

LoFaso Real Estate Services License #2008002919

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,015

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Waterfront
  • South Facing Home

Parking

  • Driveway

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,406 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • Greggs Add Subdivision
  • Community Lake

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 02-00-051-101-042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,015

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1900
  • Attribution Contact: chrisfoisy@howardhanna.com 440-396-4391
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Greggs Add
  • Above Grade Finished Sq Ft: 1406.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Tax Year: 2024
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.2
  • Pool Private: No
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Direction Faces: South

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-00-051-101-042

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Annual Amount: 2015.0

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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 Change Sq Ft Price
06/25/2025 06/25/25 Sold $112,000 -13.8% $80 / Sq Ft
04/23/2025 04/23/25 For Sale $129,900 -- $92 / Sq Ft
Source: MLS Now (Howard Hanna)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5116891

MLS Now (Howard Hanna)

APN: 02-00-051-101-009