1404 Long Ave Lorain, OH 44052
Lorain AreaEstimated payment $1,941/month
About This Home
Beautifully maintained and thoughtfully updated brick property offering strong income potential and timeless character. This solid investment features four spacious one-bedroom apartments and one studio apartment, all currently occupied, providing immediate and consistent rental income. The second floor offers three one-bedroom apartments and one studio, each thoughtfully updated to blend modern comfort while preserving the building’s original charm. The lower level provides convenient laundry facilities and additional storage for tenants. Major improvements include renovations to all residential units, two new baseboard heating units (2025), six new hot water tanks and two new wall furnaces (2024), brick tuckpointing (2024), and a new roof (2022). Ideally located just minutes from Black River Landing and Lake Erie, the property offers convenient access to waterfront events, dining, and recreation. A rare opportunity to own a well-maintained investment property in a high-visibility location with established rental income. Schedule your private showing today.
Listing Agent
EXP Realty, LLC. Brokerage Email: joe@vaccaroteam.com, 216-503-7007 License #2006003875 Listed on: 03/05/2026
Co-Listing Agent
EXP Realty, LLC. Brokerage Email: joe@vaccaroteam.com, 216-503-7007 License #2023002315
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,873
Year Built
- Built in 1919
Lot Details
- 3,049 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Quadruplex
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- No Cooling
- Heating System Uses Gas
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 02-01-006-130-045
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $5,089 | $86,507 | $11,807 | $74,700 |
| 2024 | $4,866 | $79,752 | $10,885 | $68,867 |
| 2022 | $4,866 | $67,433 | $13,776 | $53,657 |
| 2021 | $4,032 | $57,483 | $3,826 | $53,657 |
| 2020 | $3,980 | $56,595 | $3,767 | $52,828 |
| 2019 | $3,985 | $56,595 | $3,767 | $52,828 |
| 2018 | $3,663 | $54,112 | $3,602 | $50,510 |
| 2017 | $3,679 | $54,112 | $3,602 | $50,510 |
| 2016 | $3,601 | $53,092 | $3,534 | $49,558 |
| 2015 | $3,363 | $49,997 | $3,328 | $46,669 |
| 2014 | $3,100 | $47,618 | $2,959 | $44,659 |
| 2013 | -- | $51,496 | $3,200 | $48,296 |
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 |
|---|---|---|---|---|
| 04/16/2026 04/16/26 | Price Changed | $325,000 | -7.1% | -- |
| 04/01/2026 04/01/26 | Price Changed | $349,900 | -2.8% | -- |
| 03/05/2026 03/05/26 | For Sale | $360,000 | -- | -- |
Source: MLS Now
MLS Number: 5191201
APN: 02-01-006-130-045
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