USAOHLorainSheffield Land Co.2914-2916 Seneca Ave
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2914-2916 Seneca Ave, Lorain, OH

Condo

For Sale

Listed price in listed location currency (USD).
$199,900

000

MLS® 5201930

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $4,717
Days Active 8
Approx. Age 1931
MLS® Number 5201930

Property Address: 2914-2916 Seneca Ave, Lorain, OH, 44055-1817

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

Description

Exceptional turnkey investment opportunity in Lorain featuring six total rental units, including a 5-unit multifamily building plus a stand-alone efficiency unit, now combined onto one parcel for simplified ownership and management. With four of the six units rent ready and two currently occupied at $725 and $925 per month, this property offers immediate income with strong lease-up potential. The property has seen over $70, 000 in recent renovations and improvements, including updates to unit interiors and major building systems. All units are separately metered for gas and electric, with tenants paying their own utilities, helping keep owner expenses low and maximizing cash flow. The unit mix includes both one and two bedroom layouts, with select one bedroom units offering additional bonus space that enhances rental appeal and flexibility. Additional features include a basement with furnaces, water heaters, and sump pumps, along with an unused garage space that offers future value-add potential for storage or additional income. This is a rare opportunity to acquire a ready-to-go, income-producing multifamily asset with strong cash flow and long-term upside.
MLS® Number5201930
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1931
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 16, 2026List Date
$199,900List Price
  • Commute

Commute

Starting Address
Destination Address
2914-2916 Seneca Ave, Lorain, OH

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