525-527 Washington AVE, Lorain, OH 44052
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525-527 Washington AVE, Lorain, OH 44052
525-527 Washington AVE, Lorain, OH 44052
525-527 Washington AVE, Lorain, OH 44052
525-527 Washington AVE, Lorain, OH 44052
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Joseph Luckino

Joseph Luckino

+1(740) 632-9111
$ 189,900
Est. payment /mo
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525-527 Washington AVE Lorain, OH 44052

7 Beds

2 Baths

6,058 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,058 sqft

Price per Sqft $31

Subdivision Lorain

MLS Listing ID 5258031

Bedrooms 7

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 6,058

Year Built 1900

Annual Tax Amount $2,687

Tax Year 2025

Lot Size 7,261 Sqft

Acres 0.1667

Property Sub-Type Duplex

Property Description

Great investment opportunity! Two well-maintained single-family homes situated on one parcel in Lorain, conveniently located near Lake Erie and Lakeview Park. The first home offers 4 bedrooms, 1 full bath, and 4,322 square feet of living space. Recent improvements include a new roof, fresh interior paint, and new carpeting throughout. This home was previously rented for $1,450 per month and offers additional rental upside for an investor. The second home features 3 bedrooms, 1 full bath, and 1,736 square feet and is currently tenant occupied, generating $1,150 per month through the Section 8 program. The tenant pays all utilities, providing an attractive income-producing opportunity. With a combined rental history of $2,600 per month, plus the potential to increase rental income from the four-bedroom home, this property is ideal for investors looking to expand their portfolio or an owner-occupant looking to live in one home while generating rental income from the other. Conveniently located near Lake Erie, Lakeview Park, and local amenities. Don't miss this unique opportunity to own two homes on one parcel!

Location

State OH

County Lorain

Direction West

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Exterior

Parking Features Carport, No Garage, On Site, Off Street, On Street

Carport Spaces 2

View Y/N Yes

Water Access Desc Public

View City

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Lot Description City Lot

Faces West

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Lorain Csd - 4709

Others

Tax ID 02-01-005-109-003

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by David M Reddy • Keller Williams Citywide • dreddy20@hotmail.com, 216-406-4746

NEARBY SCHOOL & BUSINESS

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Joseph Luckino

Joseph Luckino

Broker License ID: C2015005262

+1(740) 632-9111

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525-527 Washington AVE