Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Leslie Yoder
Agent Phone: (330) 418-3627
Agency Title: Cutler Real Estate
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Property Description
Established rental property with ongoing income at 1347 Washington Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. Both units are currently occupied, with one renting for $1,199 on a month-to-month lease and the second generating $1,100 with a lease in place through 5/31/26, providing immediate cash flow. Utilities are structured with tenants responsible for electric and gas, while the owner covers water, sewer, and trash. The property features a functional layout with consistent rental demand in the area, supporting strong occupancy. A solid addition to a larger portfolio, this asset contributes reliable income within a diversified, income-producing package.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other
Cooling: Other
Days on Market: 6
Heating: Other
Lot Size: 0.09 Acres
Roof Type: Other
Stories: 2.0
Taxes: $1,012 / year
Year Built: 1900
Feature Descriptions
Parcel#: 02-01-006-127-025
Parking: None
Sewer: Other
Water: Other
Local Schools
School District: Lorain City
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Estimated Payment
$ 981.88 per month $848.84 Principal & Interest $84.33 Property Tax $48.71 Homeowner's InsuranceChange Payment Information
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1347 Washington Avenue | MLS# 5205321
This multi-family property located at 1347 Washington Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $167,000. Washington Avenue is located within the Lorain City school district. Search Lorain real estate on lyoder.cutlerhomes.com today.