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Listed price in listed location currency (USD).
$155,000

420

MLS® 5195958

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2274 sqft
Garage 
Taxes $1,170
Days Active 2
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $68
MLS® Number 5195958

Property Address: 508 W 23rd St, Lorain, OH, 44052-4864

Average square foot calculated using Size range provided by listing agent.

Description

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. 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.
MLS® Number5195958
Laundry LevelMain
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementExterior Entry, Full
DrivewayDriveway, No Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 29, 2026List Date
$155,000List Price

Home Appraisal

This property is estimated to sell between: $121,000 and $172,000.
Similar properties in this area sold on average for: $121,992
Expected to sell in 73 days. Similar properties sold in 75 days. This home has been on eXp Realty for 2 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
508 W 23Rd St, Lorain, OH

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