$110,000
UNDER CONTRACT

946 Washington Ave Lorain, OH 44052

Estimated payment $724/month

Total Views 6,786
6 Beds
3.5 Baths
2,414 Sq Ft
$46 Price per Sq Ft

Highlights

  • 3 Car Detached Garage
  • Forced Air Heating System
  • Baseboard Heating

About This Home

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 5 bedrooms and 3.5 bathrooms across multiple units. While it does require some work to bring it up to rent-ready condition, the potential for a high return on investment is clear. Each unit is individually metered for electric, simplifying the management process and ensuring that tenants are responsible for their own usage. Located close to the heart of downtown Lorain, this property is ideal for renters seeking convenience and accessibility to local amenities, including shopping, dining, and entertainment options. The location, combined with the property's inherent potential, makes it an attractive prospect for long-term rental income. The triplex's ample space and flexible layout offer numerous opportunities for customization and enhancement. With the right touches, this property can quickly become a sought-after residence for potential tenants, maximizing your income potential. Whether you're looking to renovate and flip or hold and lease, 946 Washington Ave presents a fantastic opportunity to invest in the growing Lorain market. Seize the chance to turn this property's potential into profit. Contact us today to schedule a viewing and start your next investment project!

Listing Agent

Jennifer Hite

Howard Hanna Brokerage Email: jenniferhite@howardhanna.com, 440-864-4844 License #2014000877 Listed on: 05/12/2025

Howard Hanna

Co-Listing Agent

Jey Rivera

Howard Hanna Brokerage Email: jenniferhite@howardhanna.com, 440-864-4844 License #2022004417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,681

Year Built

  • Built in 1916

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 3 Car Detached Garage
  • On-Street Parking

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2,414 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms

Utilities

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

Community Details

  • David Wallace Trustees 01 Subdivision
  • No Laundry Facilities

Listing and Financial Details

  • The owner pays for grounds care, sewer, trash collection, water
  • Assessor Parcel Number 02-01-005-119-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,681

Year Built

Built in 1916

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1916
  • Attribution Contact: jenniferhite@howardhanna.com, 440-864-4844
  • Co List Office Mls Id: 2694
  • Co List Office Phone: 440-282-8002
  • Subdivision Name: David Wallace Trustees 01
  • Above Grade Finished Sq Ft: 2414.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Tax Year: 2024
  • Property Sub Type Additional: Triplex
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.17
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage, On Street

Utilities

  • LaundryFeatures: None
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Lorain CSD - 4709

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 02-01-005-119-025

Rental Info

  • Owner Pays: Grounds Care, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone

Tax Info

  • Tax Annual Amount: 1681.0

Map

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
05/12/2025 05/12/25 For Sale $110,000 -- $46 / Sq Ft
Source: MLS Now (Howard Hanna)

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
  • 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
  • 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
  • 2346 Livingston Ave, Lorain, OH 44052

    $125,000

    • 7 Beds
    • 2 Baths
    • 1,972 Sq Ft
    • 2346 Livingston Ave
    • Lorain, OH

    This property is ready for a renovation and holds significant value-add potential! You will be well-positioned to capture built-in equity upon completion of your updates. Still on the fence? The first room off the living room in the lower unit, as well as the attic in the upper unit, are ideal for conversion into additional bedrooms—further boosting rental income or making more room for yourself

    Antonio Smith Keller Williams Living

    Section Image
  • 1347 Massachusetts Ave, Lorain, OH 44052

    $119,900

    • 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
  • 1753 E 30th St, Lorain, OH 44055

    $125,000

    • 5 Beds
    • 2 Baths
    • 1753 E 30th St
    • Lorain, OH

    investment opportunity!! Front unit has 3 bedrooms and 1 bathroom, Back unit has 2 bedrooms and 1 bathroom, with spacious living areas in each unit. consistent rental income potential, low maintenance property, Proximity to schools, shopping and more. Whether you are a seasonal investor or just starting out, this property is an ideal addition to your portfolio.

    Joe Solkiewicz Walnut Creek Property Management, LLC.

    Section Image
  • 1949 E 30th St, Lorain, OH 44055

    $120,000

    • 6 Beds
    • 2 Baths
    • 2,712 Sq Ft
    • 1949 E 30th St
    • Lorain, OH

    Great Lorain duplex, each unit offers 3 bedrooms, 1 bath, formal dining and living rooms, with separate basements and in-unit laundry. Recent updates include new flooring, fresh paint, and a new front porch (2021). Vinyl windows provide lots of natural light, and both units feature spacious kitchens with ample cabinets and counter space. Detached 2-car garage and a nice backyard. Gross rents were

    Michael Ferrante Century 21 Homestar

    Section Image
See All Homes in Lorain

Source: MLS Now (Howard Hanna)

MLS Number: 5121952

MLS Now (Howard Hanna)

APN: 02-01-005-119-025

Ohio Lorain County Lorain 44052

946 Washington Ave, Lorain, OH

This home is located at 946 Washington Ave, Lorain, OH 44052 and is currently priced at $110,000, approximately $45 per square foot. This property was built in 1916. 946 Washington Ave is a home located in Lorain County with nearby schools including Admiral King Elementary School, Longfellow Middle School, and Lorain High School.

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.

MLS Now (Howard Hanna) 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.

Nearby Homes
Jennifer Hite
Listing Agent
Jennifer Hite
Section Image
Howard Hanna
(440) 485-3934