1150 W 5th Street, Lorain, OH 44052

Local realty services provided by:ERA Real Solutions Realty
1150 W 5th Street,Lorain, OH 44052
$299,000
  • 12 Beds
  • 4 Baths
  • 3,900 sq. ft.
  • Multi-family
  • Active
Listed by:jeffrey mcmanamon
Office:hotdoors, llc.
MLS#:5138207
Source:OH_NORMLS

Price summary

  • Price:$299,000
  • Price per sq. ft.:$76.67

About this home

1150 West 5th Street in Lorain is a solid investment opportunity for anyone looking to add value and grow their rental portfolio. This four-unit property features spacious layouts, with each unit offering three bedrooms and one bathroom at just under 1,000 square feet. While it is a fixer-upper in need of renovation, it provides the ideal blank slate to customize and increase future rental income. Each unit includes a private basement for tenant storage and convenient on-site parking. The location is a major highlight, with close proximity to downtown Lorain, Black River Landing for concerts and events, and less than half a mile from beautiful Lake Erie. With strong potential in an area poised for continued growth, 1150 West 5th Street is ready for an investor with vision to make it shine.

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Home facts

  • Year built:1900
  • Listing Id #:5138207
  • Added:37 day(s) ago
  • Updated:August 16, 2025 at 02:13 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,900 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1900
  • Building area:3,900 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$76.67
  • Tax amount:$3,525 (2024)
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