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Listed price in listed location currency (USD).
$159,900

420

MLS® 5155557

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2688 sqft
Garage No
Taxes $2,055
Days Active 94
Lot Size 0.17 acres
Approx. Age 1951
Avg. Price Per Sqft $59
MLS® Number 5155557

Property Address: 2323 Homewood Drive, Lorain, OH, 44055

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

Description

Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units—each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1, 700, this property provides immediate cash flow with tenants in place under lease agreements. Both units have recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package—sold together with adjacent duplexes at 2315 and 2317 Homewood—sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location, this investment promises long-term growth, stability, and excellent returns for savvy investors looking to capitalize on Lorain's rental market.
MLS® Number5155557
Laundry LevelIn Basement
Central VacNo
FireplaceNo
Acreage0.17
Exterior
GarageNo
Approx. Age1951
BasementFull, Sump Pump
DrivewayAsphalt, Gravel
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 12, 2025List Date
$159,900List Price
  • Commute

Commute

Starting Address
Destination Address
2323 Homewood Drive, Lorain, OH

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