Vision Sales Team

407 W 22nd Street

Lorain, OH 44052

MLS#: 5205297

$160,000

Status: Active
Listing number: 5205297
Listing provided by: Russell Real Estate Services
Listing agent phone: None
Last update: 5 hours ago
New on site today
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Gilbert Hogans 03 - Residential Income

Property

Beds

4

Full Baths

2

1/2 Baths

None

Year Built

1900

Sq.Footage

0

Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    2

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Construction Materials

    Other

  • Parking

    Detached, Garage

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.17

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $160,000

  • Tax Amount

    $1,404

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Lorain CSD - 4709

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Other

  • Water Source

    Other

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Location

County

Lorain

Elementary School

Lorain CSD - 4709

Middle School

High School

Listing Courtesy of Tal Tamir , Russell Real Estate Services

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Agent Jeff Helfrich

AGENT

Jeff Helfrich

Call Jeff today to schedule a private showing.

(330) 557-2951

JeffHelfrich@VisionSalesTeam.com


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Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential.

407 W 22nd Street

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