2323 Homewood Dr Lorain, OH 44055
Estimated payment $1,011/month
Highlights
- Woodwork
- Forced Air Heating System
- Ceiling Fan
About This Home
Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units—each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. Both units have recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package—sold together with adjacent duplexes at 2315 and 2317 Homewood—sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location, this investment promises long-term growth, stability, and excellent returns for savvy investors looking to capitalize on Lorain's rental market.
Listing Agent
Ohio Property Group, LLC Brokerage Email: 419-790-3106, support@ohiomlsflatfee.com License #2002023149 Listed on: 09/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,055
Year Built
- Built in 1951
Parking
- Gravel Driveway
Home Design
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Woodwork
- Ceiling Fan
- Aluminum Window Frames
Kitchen
- Range
- Microwave
- Laminate Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Laundry in Basement
Additional Features
- 7,405 Sq Ft Lot
- Forced Air Heating System
Community Details
- Homewood Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 03-00-080-104-013
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/01/2025 11/01/25 | For Sale | $159,900 | 0.0% | $59 / Sq Ft | |
| 10/07/2025 10/07/25 | Pending | -- | -- | -- | |
| 09/12/2025 09/12/25 | For Sale | $159,900 | +77.7% | $59 / Sq Ft | |
| 10/31/2022 10/31/22 | Sold | $90,000 | -16.6% | $50 / Sq Ft | View Prior Sale |
| 10/10/2022 10/10/22 | Pending | -- | -- | -- | |
| 09/30/2022 09/30/22 | For Sale | $107,900 | +388.2% | $60 / Sq Ft | |
| 08/16/2012 08/16/12 | Sold | $22,100 | +48.8% | -- | View Prior Sale |
| 07/27/2012 07/27/12 | Pending | -- | -- | -- | |
| 06/27/2012 06/27/12 | For Sale | $14,850 | -- | -- |
Source: MLS Now
MLS Number: 5155557
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