$399,000

1404 Long Avenue, Lorain, OH 44052

  • 5 beds |
  • 5 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Rare opportunity to own a piece of Lorain history. The well-known Urban 19 Building presents an excellent investment opportunity with strong cash flow and room to grow. This beautifully maintained and updated brick property features four 1-bedroom, 1-bath apartments and one studio apartment, all tastefully updated and fully occupied. Four of the five units include newer heating systems, and residents enjoy wide, spacious hallways that add comfort and charm throughout the building. The property also offers a street-level storefront that is currently vacant, providing great potential for additional rental income or an ideal owner-operated business space. Current residential rents generate $3,450 per month, with upside available by leasing the commercial unit or adjusting rents. Major updates include a newer roof and six newer hot water heaters, ensuring long-term durability and peace of mind. Located near Black River Landing, Lake Erie, and Lorain’s growing downtown waterfront events and recreation, this property is positioned in one of the city’s most vibrant and revitalizing areas. The Urban 19 Building is a rare blend of character, updates, location, and income potential—don’t miss your chance to own a piece of Lorain’s history!

Listing Status:
Active
Listing Office:
Berkshire Hathaway HomeServices Lucien Realty : 440-985-7653
Listing Agent:
Teresa L Kaurich : 440-258-4678
MLS ID:
5175137
  • Basement: Common Basement
  • A/C: None
  • Heating: BaseboardElectricForced AirGas
  • Parking: DrivewayOn Street
  • Roofing: See Remarks
  • General: Brick2
  • Originating MLS: NOWDD_NORM
  • School District: Lorain CSD - 4709
  • County: Lorain
  • Zoning: STREATOR FRNT 0051.50 DPTH 0064.0002-01-006-130-045
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Teresa L Kaurich, Berkshire Hathaway HomeServices Lucien Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hawthorne Elementary School

610 W 20th St, Lorain, OH, 44052

Grades PK-5

0.23 miles away

G

General Johnnie Wilson Middle School

2700 Washington Ave, Lorain, OH, 44052

Grades 6-8

0.71 miles away

N

New Beginnings

307 W 7th St, Lorain, OH, 44052

Grades 9-12

0.56 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.