Duplex & Multi Family For Sale in Downtown Lorain, Lorain

Location matters in a rental, and 418 W 17th puts you in Lorain, where tenant demand stays strong and rental homes tend to fill quickly and hold their tenants. You are close to the everyday conveniences renters want, which helps keep vacancy low and income dependable. This duplex is fully turnkey with two units. The one bedroom is occupied by a Section 8 tenant paying $1,059 per month, giving you steady, government backed income from day one. The two bedroom unit is vacant and rent ready, with market rents around $1,250 per month, so you can place a tenant right away. Together that points to roughly $2,309 per month in gross rental income once both units are filled. With nothing to renovate and one unit already producing, this is a simple way to add cash flow to your portfolio or start building one. Reach out today to schedule a showing or request the rental details.

Investor opportunity awaits! This property has been taken back to the studs and is ready to be put back together. This property offers a blank slate for any investor looking to fix and flip this property into a four bedroom / two bathroom single family unit or continue its use as a duplex with each unit providing two bedrooms and one bathroom. The demo has been done, come bring this property back to life with your own vision.

Great Investment Opportunity in Lorain! Discover the potential of this well-located triplex, offering three separate living units and an excellent opportunity to generate rental income while building long-term investment value. The property features two lower-level units and one spacious upstairs unit: Upstairs Unit: 3 bedrooms and 1.5 bathrooms, Lower Front Unit: 2 bedrooms and 2 bathrooms, Lower Rear Unit: 1 bedroom and 2 bathrooms. The property has seen several recent updates, including nearly all replacement windows installed in 2022 and a new flat roof installed in 2023. Additional property features include a common basement laundry room and a detached two-car garage in the rear, providing valuable off-street parking and additional storage. Conveniently located near local amenities, shopping, dining, and major roadways, this property offers plenty of possibilities for investors. Whether you're an experienced investor looking to expand your portfolio or an owner-occupant seeking additional rental income, this Lorain triplex is worth a look. With multiple units, recent improvements, separate utilities, and a two-car garage, this property offers a variety of possibilities for its next owner.

Great investment opportunity in Lorain! This turnkey side-by-side 2-story duplex offers over 2,000 square feet of living space, with each unit featuring 2 bedrooms and 1 full bath. Each side has its own separate gas and electric meter, furnace, water heater, basement, and private driveway for parking, while the owner pays the water and trash. Situated on a nice-sized corner lot, this property offers a low-maintenance setup that makes it easy to keep existing tenants or begin building your investment portfolio. Located within walking distance of Lakeview Park, Lakeview Beach, and Admiral King Elementary, the location adds even more appeal for tenants. Whether you're an experienced investor or a buyer looking to live in one unit while generating rental income from the other, this property offers plenty of opportunity and flexibility!

Excellent opportunity to add a fully occupied 4-unit property with large detached outbuilding/garage to your investment portfolio producing $3200 per month in rent! Located at 1037 W 8th St in Lorain, this property is within walking distance of Downtown Lorain, offering convenient access to restaurants, entertainment, the waterfront, Black River Landing, and all that the revitalized downtown district has to offer. All four units are currently occupied with month-to-month tenants, providing immediate rental income along with flexibility for a new owner. Current monthly rents are $700, $700, $700, and $1,100, for a total gross monthly rental income of $3,200. The property has benefited from several important updates, including a roof approximately 5 years old, furnaces approximately 8 years old, and individual hot water tanks for each unit that are approximately 3 years old. Interior improvements include updated flooring throughout all units, new LED lighting, and renovated common areas featuring refinished steps, refreshed walls, and additional updates that enhance the overall appearance of the property. With all units occupied, $38,400 in current annual gross rental income, major mechanical updates already completed, and a convenient location near Downtown Lorain and the Lake Erie waterfront, this 4-unit property offers an attractive opportunity for both experienced and first-time multifamily investors.

County records classify the property as a duplex. Currently being utilized as a single family home, this property offers flexibility for investors or future owner-occupants. Currently occupied by a long-term tenant, providing immediate rental income. Tenant pays all utilities. Full basement, attic, detached garage, corner lot, and convenient location near schools, shopping, downtown Lorain, Lakeview Park, Black River Landing, and major highways. Opportunity for future value enhancement and rental upside.

Investment opportunity, or owner occupant wanted! This duplex on a quiet street is ready for you. The bottom unit has a long-term tenant, and the top unit is ready for you to customize. The bottom tenant pays $950 monthly creating strong cash flow! Three bedrooms and one bath on the first floor, and two bedrooms and one bath on the top floor. Close to everything Lorain has to offer, this is one you don't want to miss. The home is being sold as-is.