1850 Washington Ave Lorain, OH 44052
Estimated payment $2,388/month
Highlights
- Brick or Stone Mason
- Window Unit Cooling System
- Forced Air Heating System
About This Home
Incredible 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,618
Year Built
- Built in 1900
Lot Details
- 6,299 Sq Ft Lot
- Lot Dimensions are 42 x 150
Home Design
- Brick or Stone Mason
Basement
- Crawl Space
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 0201006138037
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,809 | $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 |
| 2020 | $4,030 | $50,190 | $3,360 | $46,830 |
| 2019 | $3,959 | $50,190 | $3,360 | $46,830 |
| 2018 | $3,922 | $50,190 | $3,360 | $46,830 |
| 2017 | $9,314 | $111,030 | $4,480 | $106,550 |
| 2016 | $9,254 | $111,030 | $4,480 | $106,550 |
| 2015 | $9,032 | $111,030 | $4,480 | $106,550 |
| 2014 | $861 | $10,190 | $4,480 | $5,710 |
| 2013 | $821 | $10,190 | $4,480 | $5,710 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | Pending | -- | -- | -- |
| 10/21/2025 10/21/25 | For Sale | $334,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document |
Source: Firelands Association of REALTORS®
MLS Number: 20254144
APN: 02-01-006-138-037
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