407 W 22nd Street, Lorain, OH 44052

• 4 beds |
• 2 baths

Property Description

Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential. Multiple properties must be purchased.  Singular properties will not be considered.  Reach out to co-listing agent for details.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 7:19PM

Listing Office:

Russell Real Estate Services : 440-201-9850

Listing Agent:

Tal Tamir : 216-870-8687

MLS ID:

5205297

Interior

• Basement: Other
• A/C: Other
• Heating: Other

Exterior

• Parking: DetachedGarage

Construction

• Roofing: Other
• General: Other2

Location

• Originating MLS: NOWDD_NORM
• School District: Lorain CSD - 4709
• County: Lorain

Lot

• Zoning: HOGAN 50 X 15002-01-003-171-014

Utilities

• Water: Other
• Sewer: Other

Financial

• Source: NOWDD_NORM