$121,500
SOLD MAY 22, 2024

522 W 21st St Lorain, OH 44052

6 Beds
2 Baths
1,940 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$63 Per Sq Ft

19% Below List Price

35 Days on Market

Highlights

  • Views
  • Forced Air Heating System
  • South Facing Home

About This Home

As of May 2024

Don't miss out on this excellent opportunity! This multi-family home with recent updates is currently rented with long term tenants inplace ($675/$700). This multi-family home is in a prime location, near downtown Lorain and schools. The single family home next door is also for sale with a month-to-month tenant. This is an excellent cash flowing property with an opportunity to live next door or add another cash flowing property in close proximity. Auditors website shows 4 bedrooms 2 baths but it is 6 bedrooms 2 baths. 3 bedrooms upstairs and 3 bedrooms downstairs.

Last Agent to Sell the Property

Ken Lencoski

Russell Real Estate Services Brokerage Email: klencoski@gmail.com 440-420-0528 License #2022003599 Listed on: 03/04/2024

Russell Real Estate Services

Last Buyer's Agent

Adin Homoelle

EXP Realty, LLC. License #2023004934

EXP Realty, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,074

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • South Facing Home

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,940 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit
  • Property Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Parking Pad

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Gilbert Hogans 3Rd Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, heat, hot water, internet, snow removal, telephone
  • Assessor Parcel Number 02-01-003-161-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,074

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1900
  • Attribution Contact: klencoski@gmail.com 440-420-0528
  • Subdivision Name: Gilbert Hogans 3rd Add
  • Above Grade Finished Sq Ft: 1940.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Concrete, Storage Space, Unfinished, Walk-Up Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Stories: 2

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Asphalt, Fiberglass
  • Acres: 0.14
  • Pool Private: No
  • View: Yes
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Direction Faces: South

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, No Garage, Outside, Parking Pad

Utilities

  • LaundryFeatures: Inside, In Unit
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-003-161-017
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Heat, Hot Water, Internet, Snow Removal, Telephone

Tax Info

  • Tax Annual Amount: 1074.0

Similar Homes in Lorain, OH

  • 1741 E 30th St, Lorain, OH 44055

    $124,900

    • 4 Beds
    • 2 Baths
    • 1,802 Sq Ft
    • 1741 E 30th St
    • Lorain, OH

    Rare side-by-side duplex in good condition. Tenant on left side (1741) pays $1,095. Right side is vacant. Each side has its own basement and small back porch/mud room. Parking on pad behind building. Tenants pay all utilities except water/sewer. Add this property to your portfolio and enjoy the income!

    John Fitch Market First Real Estate Services

    Section Image
  • 946 Washington Ave, Lorain, OH 44052

    $110,000

    • 6 Beds
    • 3.5 Baths
    • 2,414 Sq Ft
    • 946 Washington Ave
    • Lorain, OH

    Attention investors! Don't miss this exceptional opportunity to own a promising piece of real estate at 946 Washington Ave, Lorain, OH, 44052. This triplex offers a wealth of possibilities for the savvy investor looking to expand their portfolio in the Lorain market. Situated on a generous .17-acre lot, this property boasts a total of 6 bedrooms and 3.5 bathrooms across multiple units. While it

    Jennifer Hite Howard Hanna

    Section Image
  • 1234 W 21st St, Lorain, OH 44052

    $109,900

    • 4 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • 1234 W 21st St
    • Lorain, OH

    Welcome to 1234 W 21st Street, Lorain, OH 44052 – a solid income-producing duplex located in the heart of Lorain’s revitalizing west side. This property offers an incredible opportunity for both new and seasoned investors to generate steady rental income or live in one unit while renting out the other. The rental potential for LMHA is even more exciting. Estimated at 1200 a month for each unit.

    Zhitao Kuang Realty Trust Services, LLC

    Section Image
  • 1405 W 23rd St, Lorain, OH 44052

    $150,000

    • 4 Beds
    • 3 Baths
    • 1405 W 23rd St
    • Lorain, OH

    This triplex features three units, offering excellent rental income potential. The 2-bedroom unit is currently rented for $830/month to a long-term tenant who would love to stay. The remaining two units are 1-bedroom, 1-bath layouts, one of which has been renovated and is move-in ready, while the other awaits your finishing touch. With two vacant units, you can set your own rents or live in one

    Vanessa Taylor Platinum Real Estate

    Section Image
  • 1214 W 5th St, Lorain, OH 44052

    $95,000

    • 4 Beds
    • 3 Baths
    • 1214 W 5th St
    • Lorain, OH

    Calling all investors, Do it yourself rehabbers and/or anyone who would like to bring this home back to it's former glory. Many possibilities. Spacious duplex 2 bedroom and one bath per unit. Home has been partially updated and awaiting your finishing touches. Home is close to schools, downtown Lorain, Lakeview Park, Black River Landing, shopping and major highways.

    Glorivania Maldonado Russell Real Estate Services

    Section Image
  • 1010 E 34th St, Lorain, OH 44055

    $105,000

    • 4 Beds
    • 2 Baths
    • 1010 E 34th St
    • Lorain, OH

    Great investment opportunity in Lorain. This home is under construction but has new exterior doors, a new roof, new gutters, a new hot water tank, a new furnace, and new plumbing on the first floor. On the second floor the plumbing is roughed in but not completed. Also, new electrical work is mostly done on the first floor and roughed in on the second floor. The basement has been waterproofed,

    Bellinski-Lynch Real Estate Group Russell Real Estate Services

    Section Image
  • 1347 Massachusetts Ave, Lorain, OH 44052

    $134,900

    • 4 Beds
    • 2 Baths
    • 1,728 Sq Ft
    • 1347 Massachusetts Ave
    • Lorain, OH

    Turnkey investment opportunity! This fully occupied duplex generates $1,420/month in total rent, delivering a solid $17,040 in gross annual income. Each unit features 2 bedrooms with month-to-month tenants in place, offering flexibility for future rent increases or owner-occupancy. Located in a convenient Lorain neighborhood, this property offers immediate cash flow and strong return potential

    Oliver Moreau Progressive Urban Real Estate Co

    Section Image
  • 1259 E Erie Ave, Lorain, OH 44052

    $129,900

    • 5 Beds
    • 2 Baths
    • 1,406 Sq Ft
    • 1259 E Erie Ave
    • Lorain, OH

    Lakefront Duplex with Private Beach Access – Value-Add Investment Opportunity!Calling all investors and vacation rental visionaries! 1259 E Erie Ave., Lorain, OH is your chance to own a duplex on the lake side of the street with rare private beach access – and tons of potential to build equity.This property features two separate units, ready for your updates and personal touch:First-floor unit: 2

    Christopher Foisy Howard Hanna

    Section Image
  • 1877 E 34th St, Lorain, OH 44055

    $149,900

    • 4 Beds
    • 2 Baths
    • 1,780 Sq Ft
    • 1877 E 34th St
    • Lorain, OH

    Cash-flowing side-by-side duplex with immediate income! This fully occupied property brings in $2,100/month, totaling $25,200 in gross annual income. Both units are on month-to-month leases, providing flexibility for future adjustments. The home features a spacious yard with a deck, offering outdoor space tenants appreciate. Whether you're expanding your portfolio or just getting started, this

    Oliver Moreau Progressive Urban Real Estate Co

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $121,500 -6.5% $63 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
03/19/2024 03/19/24 Price Changed $129,900 -13.3% $67 / Sq Ft
03/04/2024 03/04/24 For Sale $149,900 +125.4% $77 / Sq Ft
08/25/2023 08/25/23 Sold $66,500 -7.6% $34 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
03/15/2022 03/15/22 For Sale $72,000 -- $37 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5021385

MLS Now

APN: 02-01-003-161-017