Lori Cerutti
McDowell Homes Real Estate Services
(440) 664-3627
415 Total Sales
1 in Lorain
$70,000 Price
1850 Washington Ave Lorain, OH 44052
Lorain Area
8
Beds
6
Baths
4,636
Sq Ft
6,534
Sq Ft Lot
About This Home
As of June 2026Incredible investment opportunity in Lorain! This five-unit income property with an additional office space is fully occupied except for the office, generating over $4,200 per month with room to grow. The building features three 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, offering a great mix for steady rental demand. The office space includes its own bathroom and provides endless potential. Rent it out for additional income or transform it into a salon, beauty parlor, or small business suite. The property offers a solid brick exterior, plenty of off-street parking for tenants and guests, and a prime location near downtown Lorain, Lakeview Park, shopping, and highways. Don't wait to add this turnkey multi-unit property to your portfolio.
Last Agent to Sell the Property
Howard Hanna Brokerage Email: kylerecker@howardhanna.com, 567-230-2008 License #2015002207 Listed on: 10/21/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,618
Year Built
- Built in 1900
Parking
- Off-Street Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Asphalt Roof
- Rubber Roof
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Additional Features
- 2-Story Property
- 6,534 Sq Ft Lot
Community Details
- Daniel & Glitsch Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-01-006-138-037
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2025
Closed on
May 29, 2026
Sold by
Bought by
Seller's Agent
Kyle Recker
Howard Hanna
Buyer's Agent
Alex Johnson
Real Estate Quest, Inc.
List Price
$334,900
Sold Price
$310,000
Premium/Discount to List
-$24,900
-7.44%
Views
104
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.33%
Purchase Details
Closed on
Dec 20, 2024
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lorain, OH
-
Lori Cerutti
-
Laurie Brill
Laurie Brill
Keller Williams Citywide
(440) 616-8199
35 Total Sales
1 in Lorain
$206,000 Price
-
Allison Caputo
Allison Caputo
Howard Hanna
(216) 859-1979
99 Total Sales
11 in Lorain
$24K - $389K Price Range
-
Doug Ryan
Doug Ryan
KW Classic Properties Realty
(380) 333-6700
90 Total Sales
1 in Lorain
$5,000,000 Price
-
Feliz Colon
Feliz Colon
Keller Williams Living
(234) 704-3050
180 Total Sales
5 in Lorain
$150K - $399K Price Range
-
Edith Ross
Edith Ross
Russell Real Estate Services
(216) 677-6801
159 Total Sales
1 in Lorain
$360,000 Price
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $310,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document |
Source: Public Records
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $125,000 | Commercial |
Source: Public Records
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 |
|---|---|---|---|---|
| 06/08/2026 06/08/26 | Sold | $310,000 | -7.4% | $67 / Sq Ft |
| 02/13/2026 02/13/26 | Pending | -- | -- | -- |
| 11/03/2025 11/03/25 | For Sale | $334,900 | 0.0% | $72 / Sq Ft |
| 10/28/2025 10/28/25 | Pending | -- | -- | -- |
| 10/21/2025 10/21/25 | For Sale | $334,900 | -- | $72 / Sq Ft |
Source: MLS Now (Howard Hanna)
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 |
|---|---|---|---|---|
| 2024 | $3,720 | $59,637 | $4,032 | $55,605 |
| 2023 | $3,943 | $50,190 | $3,360 | $46,830 |
| 2022 | $3,904 | $50,190 | $3,360 | $46,830 |
| 2021 | $3,922 | $50,190 | $3,360 | $46,830 |
Source: Public Records
Agents Affiliated with this Home
-
Kyle Recker
Seller's Agent in 2026
Kyle Recker
Howard Hanna
(567) 230-2008
1,218 Total Sales
-
Alex Johnson
Buyer's Agent in 2026
Alex Johnson
Real Estate Quest, Inc.
(330) 595-4326
169 Total Sales
Map
Source: MLS Now (Howard Hanna)
MLS Number: 5166306
APN: 02-01-006-138-037
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.
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.
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