Lorain Ohio Multi-Family Homes for Sale

Lorain Ohio Multi-Family Homes for Sale

$170,000
4 Beds 2 Baths 5236560 MLS
Beautiful, exceptionally well-maintained and move-in-ready side-by-side duplex offering an excellent opportunity for either owner-occupants and or investors! Both units are currently vacant, providing flexibility to live in one side and lease other, or select your own tenants and rent both units from start. This property offers 1,680 square feet of total living space with 4 bedrooms, 2 full bathrooms and features a practical side-by-side configuration situated on nearly a quarter-acre lot. Pride of ownership is evident throughout, with numerous improvements and years of attentive maintenance. Recent updates include new carpet (2025), updated bathrooms (2023), LeafGuard gutter installation (2024), gutters and downspouts replaced (2019), exterior siding painted (2019), and storm doors updated (2019). The roof was replaced in 2010, and furnaces maintenanced annually. Outdoor living adds to appeal with addition of concrete patio areas (2021) and (2024). Electric SunSetter retractable awning installed in (2021). The barn and additional storage shed remain with property, providing extra outdoor storage. All appliances in the property are included, with the exception of the washer and dryer in Unit #1523. With both units vacant and ready for new occupants, this well-cared-for duplex offers a unique opportunity to move in, generate income, or do both. An excellent option for an owner-occupant seeking to offset housing expenses or an investor looking for a property with immediate leasing potential. Schedule your private showing today!

1521-1523 Missouri Avenue, Lorain

Listing Courtesy of: Hannah Sias, sias.sellingforyou@gmail.com With Russell Real Estate Services

$94,500
7 Beds 2 Baths 5210547 MLS
Unique 2-family investment opportunity offering exceptional income potential/Also perfect for owner occupied use! Spacious vinyl-sided duplex features a total of 7 bedrooms/2 full baths w/flexible layout consisting of 3-bedroom, 1-bath main floor unit plus 4-bedroom, 1-bath second-floor unit. Situated on quiet street w/2 separate driveways, partially fenced yard & separate entrances for each unit, includes welcoming porch for one of the units. Property will be delivered vacant at closing, making it ideal for owner occupancy or for investors looking to maximize rental income. Second-floor unit complete & owner-occupied, while main-floor unit requires some finishing work, allowing the new owner to add value/build equity. Laundry has been conveniently added to each floor. Property appears to feature 2 furnaces, separate gas service & 2 updated electrical boxes, w/one hot water tank currently servicing the property. Affordably priced to allow for completion of remaining improvements while creating strong cash flow potential. High bedroom count makes this a desirable rental opportunity with excellent income possibilities for traditional or Section 8 tenants. Perfect addition to a growing portfolio or ideal for an owner-occupant looking to offset living expenses with rental income. Being sold as-is. Cash, hard money or DSCR financing only. Investment-friendly city with strong rental demand and excellent

1813 Lexington Avenue, Lorain

Listing Courtesy of: Christopher A Frederick, thefrederickteam@gmail.com With Coldwell Banker Schmidt Realty

$155,000
4 Beds 2 Baths 5195958 MLS
Excellent income-producing investment opportunity OR homeowner opportunity. The upstairs tenant will be moving out next month. The property currently is receiving $1,750. The home features two units with strong rent: the upper unit is currently occupied paying $900 up-to date with rent, while the lower unit is occupied by a tenant and also up to date on rent $850. And ALL appliances will stay with the unit: including stove, refrigerator, washer, and dryer. The exterior has been updated with newer vinyl siding, newer roof, and vinyl windows, enhancing both durability and curb appeal. Inside you'll find newer flooring throughout, newer kitchens, and newer bathrooms. Major mechanical updates include two newer hot water tanks (2020) and a newer furnace, offering added peace of mind. There are 2 furnaces, one is in the basement and the second furnace is in the upstairs unit. Each unit offers a bright and inviting interior with abundant natural light, complemented by some updated flooring and fresh paint. The upper unit includes a private balcony, while the lower unit features covered porches. A spacious backyard with a storage shed provides additional outdoor functionality. With each unit having in-unit laundry area. The basement includes a laundry connection, currently not in use but offering future value-add potential. Situated on a quiet side street, the property has previously qualified for Section 8. Property is easy to show, call your realtor to schedule.

508 W 23rd Street, Lorain

Listing Courtesy of: Angie Lopez, angie.lopez@kw.com With Keller Williams Citywide

$260,000
5 Beds 3 Baths 5192185 MLS
Rare 3-unit multi-family opportunity in Lorain County offering both income potential and exceptional flexibility! The first floor features approximately 1,600 square feet of open space, making it ideal for an owner’s suite, home-based business, office space, or conversion into an additional rental unit. The second floor includes two separate units, each offering 2 bedrooms, 1 full bath, an eat-in kitchen, and spacious living areas, totaling approximately 1,100 square feet. Both units were previously rented for around $900 per month (under market value for today's rental pricing), providing strong potential for steady residual income. Situated on 6.24 acres of country property, this parcel offers incredible possibilities for the right buyer- whether you’re looking to expand rental income, run a business, or enjoy the privacy and flexibility of rural living. Conveniently located just off Broadway and State Route 2, this property combines accessibility with space and opportunity. This home is in need of repairs and is being Sold As-Is and priced accordingly. A unique investment with multiple income streams and room to grow- schedule your showing today! ***Note This property is being offered subject to the lot split in the photos and also in the attachments. It will be recorded prior to title transfer. ***

380 N Ridge Road W, Lorain

Listing Courtesy of: Sam LoFaso, sold@samlofaso.com With LoFaso Real Estate Services

Selling Office: Keller Williams Greater Metropolitan.

$165,000
6 Beds 2 Baths 5186369 MLS
Massive, well maintained, side-by-side duplex features a range of recent updates and renovations. Situated on a corner lot, this multifamily has tons of charm offering you the Investor-Owner the flexibility to make one unit home while earning rental income, or, rent both for double the income. It's an ideal choice as a cash-flow opportunity with est rental income of $2100/mo or more through Section 8. Each 1,160 sq.ft. unit features 3-bedrooms, 1-full bath, spacious living room, dining room, large kitchen, private basement with laundry area and a semi-finished attic space that's not included in the unit's square footage; however, you have the option to expand the living space by adding a 4th bedroom or bonus room. Key exterior updates include new roof for both house and garage 2025, new gutters and downspouts for both house and garage 2025, house exterior painted 2025, front porch, front balcony and back porches fully maintenanced and painted 2025, new exterior steel doors and storm doors 2025, some new windows 2025. Key interior updates include lower-level new carpet in one unit 2026, kitchen cabinets replaced in one unit 2026, new laminate floors 2025, new vinyl tile 2025, walls and trim freshly painted 2025, new ceiling fans 2025, bathrooms tiled 2024, hot water tanks 2019/2020. Little details such as original woodwork on main stairs to second level adds that warmth, character and beauty to these units. Outdoor enjoyment will be appreciated with the fenced-in backyard. The rare 3-car, detached garage will also give peace of mind with secure parking and storage. This lovely duplex is conveniently located just minutes from I-90 & State Rte-2, retail stores, Lorain Community College, parks and more. Property is vacant. Go and show!!!!

1794 E 33rd Street, Lorain

Listing Courtesy of: Hannah Sias, sias.sellingforyou@gmail.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

$210,000
5 Beds 3 Baths 5171576 MLS
Discover this beautifully updated triplex in the heart of Lorain — a standout opportunity for both house hackers and investors. Located at 316 W 10th St, the property features two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. The 1-bedroom unit is currently rented, while the two larger units are vacant and move-in ready, giving a new owner the flexibility to place tenants immediately or occupy a unit themselves. When fully stabilized, projected gross rents total approximately $2,700 per month - based on an evaluation of comparable rents in the area - offering an attractive estimated 9.9% cap rate. This triplex has undergone extensive updates, including nearly all new windows (2025), a roof replaced around 2021, fresh interior and exterior paint, new vinyl siding (2025), and new flooring throughout. The bathrooms have been updated with tubs, toilets, vanities, and the exterior features fresh landscaping for added curb appeal. Additionally, the property includes new furnaces (2022) and hot water tanks (2023), ensuring low-maintenance ownership for years to come. Additionally, extra paint and flooring are being left on-site for the new owner in case future repairs or touch-ups are needed. The owner currently covers water and sewer, while tenants handle the remaining utilities. With significant improvements already completed and strong income potential once fully rented, 316 W 10th St is a rare opportunity at this price point. It’s an ideal choice for investors seeking reliable cash flow or buyers looking to live in one unit while generating income from the rest.

316 W 10th Street, Lorain

Listing Courtesy of: Christina L Coughlin, christinacoughlin1983@gmail.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

$190,300
5 Beds 3 Baths 5172008 MLS
Discover this stunning brick duplex, boasting nearly 2,500 square feet of beautifully renovated space. Every inch of this property has been meticulously updated, featuring brand new electrical and plumbing systems, pristine flooring, and fresh paint throughout. Both kitchens have been completely remodeled, along with all bathrooms, showcasing sleek, modern finishes. The home is equipped with a new HVAC system, roof, and hot water tank, ensuring comfort and efficiency year-round. Enjoy the convenience of brand new appliances, which will remain with the property, and appreciate the fresh concrete work on the driveway, sidewalk, and garage floor. New light fixtures, drywall, doors, and windows further enhance the home's appeal. Both porches have been tastefully updated, and a smart thermostat adds a touch of modern living. The bathrooms feature LED mirrors, providing a luxurious touch to your daily routine. Some new ductwork has been installed, and all ducts have been thoroughly cleaned for improved air quality. The main floor is home to a spacious 3-bedroom, 1.5-bath layout with basement access, while the upper level offers 2 bedrooms and a full bath, making it ideal for an investor looking to add a brand new place to their portfolio, multi-family situation or an owner-occupant seeking additional income through rental. The expansive basement has been waterproofed & provides ample storage, complete with two washer and dryer hookups and walkout access. New clean out for the sewer has recently been added as well. A detached garage adds further convenience and value. This property is not only a fantastic investment opportunity but also a perfect home for those looking to accommodate extended family or enjoy the benefits of rental income. Don't miss your chance to own this beautifully updated duplex!

2400 Oberlin Avenue, Lorain

Listing Courtesy of: Jessica Allgood, jessicaallgoodkw@gmail.com With Keller Williams Citywide

Selling Office: Non-Member.

$140,000
4 Beds 2 Baths 5143895 MLS
Welcome to 3934 Gary Avenue, a spacious duplex located in the Homewood subdivision of Lorain. This property offers an excellent opportunity for investors looking for steady rental income with strong long-term potential. Featuring two large units, each side offers approximately 1,344 square feet of comfortable living space with a practical layout. Every unit includes 2 bedrooms, 1 full bath, a sizable living room with hardwood floors, a functional kitchen, and access to a full private basement with laundry hookups and plenty of storage. Currently, both units are tenant-occupied on month-to-month leases, bringing in a combined monthly income of $1,500, making this a true turnkey investment. The home has been thoughtfully updated with a new roof in 2019, new furnaces in 2019, and energy-efficient systems that help reduce long-term maintenance costs. Tenants pay all utilities, including gas, electric, water, sewer, & trash, while the owner is only responsible for property taxes, which helps keep operating expenses low. Both units feature wood flooring in bedrooms and living areas, vinyl flooring in the bathrooms, and glass block windows in the basements for natural light and durability. Outside, the home has vinyl siding, a full covered front porch, a long paved driveway offering off-street parking, and additional street parking for convenience. The backyard is generously sized, partially fenced, landscaped, and includes a storage shed, providing outdoor space & functionality. With unfinished basements for each unit, there is ample room for storage or potential to enhance for future value. Located close to shopping, restaurants, schools, and major highways, the property is well-positioned to attract consistent rental demand. With reliable income, separate utilities, and key updates already in place, this duplex is a fantastic addition to any portfolio. Don’t miss your chance to own a solid, income-producing property in Lorain with room for growth and long-term returns!

3934 Gary Avenue, Lorain

Listing Courtesy of: Majdey Taye, TheTayeGroup@gmail.com With RE/MAX Transitions

Selling Office: Realtywise, Inc..

$145,000
4 Beds 2 Baths 5130822 MLS
Move in Ready! Welcome to this huge, 2430sf duplex with lots of updates, a full basement, 4-5 bedrooms, and an unfinished third floor walk-up attic. Great curb appeal with a giant covered front porch. White vinyl siding and new roof in 2022. Large yard and plenty of parking. Balconies off the kitchens of both units for outdoor space. Freshly painted throughout. 1127sf on the first floor with 2 bedrooms and updated kitchen and remodeled bathroom. New vinyl flooring on the first floor. Large family room with decorative fireplace and large dining rooms in both units. Spacious bedrooms in both units. 9' ceilings on the first floor. 1303sf on the second floor unit with 2-3 bedrooms, and updated kitchen with tile flooring and appliances that stay. Remodeled bathroom with step in shower. New carpet in the upstairs unit. Sunroom off the living room could be a third bedroom. The 3rd floor walk-up attic has flooring and new windows and could be finished for a third unit, or more living space. All new windows in the first floor unit (except one). Mostly new windows in the second floor unit. Full basement has laundry hookups and accessible for both units. Updated furnaces for both units and hot water tanks for both units. Updated electrical. Could be converted to a single family home if desired. No rear neighbor. Great location, walking distance to Lake Erie, restaurants, shopping. marinas, and the Black River. And, only one block from the new Admiral King Elementary school and downtown Lorain.

517 Hamilton Avenue, Lorain

Listing Courtesy of: Richard Kropf, richkropf@gmail.com With Russell Real Estate Services

Selling Office: Russell Real Estate Services.

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Lorain Ohio Multi-Family Homes

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