380 N Ridge Road, Lorain, OH 44053

Local realty services provided by:ERA Real Solutions Realty
380 N Ridge Road,Lorain, OH 44053
$250,000
  • 5 Beds
  • 3 Baths
  • 4,550 sq. ft.
  • Multi-family
  • Active
Listed by:diane l price
Office:the sweda group, llc.
MLS#:5084757
Source:OH_NORMLS

Price summary

  • Price:$250,000
  • Price per sq. ft.:$54.95

About this home

Rare opportunity for Real Estate investors. Several ways to optimize your profits. First floor offers 1,600 square foot open space that can be utilized as a business space or can be refigured for an apartment rental. Second floor has 2 units, 1100 sq feet each with 2 bedrooms each. This property is sitting on 6.2 acres. Lots of possibilities. Front of lot is zoned R3 and behind buildings is zones R1B. The house and outbuildings on east side of Triplex are not being sold and there will be a lot split after the purchase agreement is in place. This property is less than one mile from Route 2. Two units are rented for $900 each. Instant income of $1800 a month.

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Home facts

  • Year built:1978
  • Listing Id #:5084757
  • Added:273 day(s) ago
  • Updated:August 15, 2025 at 02:21 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:4,550 sq. ft.

Heating and cooling

  • Heating:Electric, Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1978
  • Building area:4,550 sq. ft.
  • Lot area:6.2 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$250,000
  • Price per sq. ft.:$54.95
  • Tax amount:$3,106 (2023)
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