407 Idaho Ave Lorain, OH 44052
6
Beds
3
Baths
2,940
Sq Ft
6,534
Sq Ft Lot
About This Home
As of July 2025Legal triplex with strong cash flow potential! This property includes two one-bedroom front units, each currently rented at $825/month, and a spacious four-bedroom upstairs unit that is currently vacant and ready for occupancy. Ideal for both investors and owner-occupants, it offers immediate income with room for future upside.
The upstairs four-bedroom unit has been recently updated with new vinyl flooring and additional improvements throughout. A new furnace was installed in 2025, and the two front units share a large 50-gallon hot water tank, installed in 2021. All units are separately metered for electric, with shared heat and hot water for the front units. Whether you're expanding your portfolio or seeking a house hacking opportunity, this triplex offers flexibility and value.
Last Agent to Sell the Property
Progressive Urban Real Estate Co Brokerage Email: omoreau@progressiveurban.com, 216-536-8535 License #2023002245 Listed on: 06/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,221
Year Built
- Built in 1900
Lot Details
- 6,534 Sq Ft Lot
- West Facing Home
Home Design
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 2,940 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- On-Street Parking
- On-Site Parking
Utilities
- No Cooling
- Forced Air Heating System
Community Details
- C A Sturrevants Fairhome Subdivision
Listing and Financial Details
- Assessor Parcel Number 02-00-051-116-002
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $175,000 | -12.5% | $60 / Sq Ft |
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 06/26/2025 06/26/25 | For Sale | $199,900 | +163.0% | $68 / Sq Ft |
| 02/18/2021 02/18/21 | Sold | $76,000 | -10.5% | $26 / Sq Ft |
| 01/13/2021 01/13/21 | Pending | -- | -- | -- |
| 01/06/2021 01/06/21 | For Sale | $84,900 | -- | $29 / Sq Ft |
Source: MLS Now
Tax History Compared to Growth
Agents Affiliated with this Home
-
Oliver Moreau
O
Seller's Agent in 2025
Oliver Moreau
Progressive Urban Real Estate Co
(216) 536-8535
2 in this area
13 Total Sales
-
Remington Lyman
Buyer's Agent in 2025
Remington Lyman
REAFCO
(614) 541-8475
1 in this area
424 Total Sales
-
Lori Elswick
Seller's Agent in 2021
Lori Elswick
Berkshire Hathaway HomeServices Lucien Realty
(440) 396-5431
16 in this area
101 Total Sales
-
Rebecca Bauer
Buyer's Agent in 2021
Rebecca Bauer
Realtywise, Inc.
(440) 527-0220
65 in this area
141 Total Sales
Map
Source: MLS Now
MLS Number: 5135004
APN: 02-00-051-116-002
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