$119,900
PENDING $15K PRICE DROP

1347 Massachusetts Ave Lorain, OH 44052

Estimated payment $769/month

Total Views 6,505
4 Beds
2 Baths
1,728 Sq Ft
$69 Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Baseboard Heating
  • West Facing Home

About This Home

Turnkey investment opportunity! This fully occupied duplex generates $1,420/month in total rent, delivering a solid $17,040 in gross annual income. Each unit features 2 bedrooms with month-to-month tenants in place, offering flexibility for future rent increases or owner-occupancy. Located in a convenient Lorain neighborhood, this property offers immediate cash flow and strong return potential from day one.

Listing Agent

Oliver Moreau

Progressive Urban Real Estate Co Brokerage Email: omoreau@progressiveurban.com, 216-536-8535 License #2023002245 Listed on: 05/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,403

Year Built

  • Built in 1978

Lot Details

  • 5,663 Sq Ft Lot
  • West Facing Home

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Paved Parking

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • Highview Park Sub #2 Subdivision

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 03-00-050-113-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,403

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1978
  • Attribution Contact: omoreau@progressiveurban.com, 216-536-8535
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Highview Park Sub #2
  • Above Grade Finished Sq Ft: 1728.0
  • Reso Accessibility Features: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2024
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.13
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Direction Faces: West

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 03-00-050-113-010

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 17040.0

Tax Info

  • Tax Annual Amount: 1403.22

Map

Range of Values:

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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
08/07/2025 08/07/25 Pending -- -- --
07/29/2025 07/29/25 For Sale $119,900 0.0% $69 / Sq Ft
07/28/2025 07/28/25 Price Changed $119,900 -7.7% $69 / Sq Ft
07/15/2025 07/15/25 Pending -- -- --
07/10/2025 07/10/25 Price Changed $129,900 0.0% $75 / Sq Ft
07/10/2025 07/10/25 For Sale $129,900 -3.7% $75 / Sq Ft
06/30/2025 06/30/25 Pending -- -- --
05/29/2025 05/29/25 For Sale $134,900 +101.3% $78 / Sq Ft
05/26/2020 05/26/20 Sold $67,000 -7.6% $39 / Sq Ft
04/16/2020 04/16/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $72,500 -- $42 / Sq Ft
Source: MLS Now

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Source: MLS Now

MLS Number: 5117828

MLS Now