954 N Central Dr Lorain, OH 44052
Lorain AreaEstimated payment $1,669/month
About This Home
Fantastic investment opportunity in Lorain! This side-by-side quad features four 2-bedroom, 1-bathroom units, each with convenient in-unit laundry. Three of the four units are currently rented and professionally managed, providing immediate rental income and an established rental history. The fourth unit is currently vacant and offers an investor the opportunity to complete the renovation and bring it to market-ready condition. With three income-producing units already in place and significant upside in finishing the fourth, this property presents a great opportunity for investors looking to add value, increase rents, and maximize future cash flow. Bring your vision and take advantage of the potential this four-unit property offers!
Listing Agent
Howard Hanna Brokerage Email: noel@supremeret.com,216-210-3310 License #2015005456 Listed on: 08/12/2026
Co-Listing Agent
Howard Hanna Brokerage Email: noel@supremeret.com,216-210-3310 License #2018002890
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,086
Year Built
- Built in 1943
Lot Details
- 12,197 Sq Ft Lot
Parking
- Paved Parking
Home Design
- Quadruplex
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 3,624 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Private Sewer
Community Details
- Central Park Homes Subdivision
Listing and Financial Details
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 02-01-006-158-014
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,086 | $49,469 | $7,683 | $41,787 |
| 2023 | $2,561 | $32,585 | $10,518 | $22,068 |
| 2022 | $2,535 | $32,585 | $10,518 | $22,068 |
| 2021 | $2,547 | $32,585 | $10,518 | $22,068 |
| 2020 | $2,104 | $26,200 | $6,400 | $19,800 |
| 2019 | $2,086 | $26,200 | $6,400 | $19,800 |
| 2018 | $2,047 | $26,200 | $6,400 | $19,800 |
| 2017 | $2,688 | $31,100 | $5,600 | $25,500 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2026 08/12/26 | For Sale | $250,000 | -- | $69 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $142,000 | None Listed On Document | |
| Warranty Deed | $80,000 | Ohio Real Title | |
| Warranty Deed | $98,000 | Cleveland Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $106,500 | New Conventional |
Source: MLS Now (Howard Hanna)
MLS Number: 5235547
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.
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.
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Ask me questions while you tour the home.