2514 Reid Avenue, Lorain, OH 44052

Lorain
Local realty services provided by:ERA Real Solutions Realty
2514 Reid Avenue,Lorain, OH 44052
$164,000
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  • 5 Beds
  • 2 Baths
  • 1,952 sq. ft.
  • Multi-family
  • Active
Listed by: steven lawson
Office: russell real estate services
MLS#:5229898
Source:OH_NORMLS

Price summary

  • Price:$164,000
  • Price per sq. ft.:$84.02

About this home

ATTENTION INVESTORS AND ENTREPRENEURS!!! Located in the heart of Lorain, this spacious duplex at 2514 Reid Ave. offers an excellent investment opportunity with nearly 2,000 square feet of living space and reliable rental income! Both units are currently occupied, generating just under $2,000 per month in gross income. The lower unit features 3 bedrooms, 1 full bath, a spacious living room, dining room, and full kitchen, while the upper unit offers 2 bedrooms, 1 full bath, a living room, dining room, and full kitchen. A full, dry basement provides two separate laundry areas along with abundant storage space for tenants. Additional investor-friendly features include separate gas and electric meters, with the owner currently paying water, sewer, and trash. Outside, you'll find a fenced backyard, adding even more appeal for tenants. Whether you're looking to expand your rental portfolio or make your first investment purchase, this income-producing property is one you won't want to miss....

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Home facts

  • Year built:1900
  • Listing ID #:5229898
  • Added:70 day(s) ago
  • Updated:October 01, 2026 at 03:01 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:12
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,952 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1900
  • Building area:1,952 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Level
  • Exterior Features:Level
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$164,000
  • Price per sq. ft.:$84.02
  • Tax amount:$1,963 (2025)

Parking

  • Parking description:Driveway
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