$155,000

508 W 23rd Street, Lorain, OH 44052

  • 4 beds |
  • 2 baths |
  • 2,274 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $68/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

Excellent income-producing investment opportunity OR homeowner opportunity. The upstairs tenant will be moving out next month. The property currently is receiving $1,750. The home features two units with strong rent: the upper unit is currently occupied paying $900 up-to date with rent, while the lower unit is occupied by a tenant and also up to date on rent $850. And ALL appliances will stay with the unit: including stove, refrigerator, washer, and dryer. The exterior has been updated with newer vinyl siding, newer roof, and vinyl windows, enhancing both durability and curb appeal. Inside you'll find newer flooring throughout, newer kitchens, and newer bathrooms. Major mechanical updates include two newer hot water tanks (2020) and a newer furnace, offering added peace of mind. Each unit offers a bright and inviting interior with abundant natural light, complemented by some updated flooring and fresh paint. The upper unit includes a private balcony, while the lower unit features covered porches. A spacious backyard with a storage shed provides additional outdoor functionality. With each unit having in-unit laundry area. The basement includes a laundry connection, currently not in use but offering future value-add potential. Situated on a quiet side street, the property has previously qualified for Section 8. Property is easy to show, call your realtor to schedule.

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 4:17AM
Listing Office:
Keller Williams Citywide : 440-892-2211
Listing Agent:
Angie Lopez : 216-855-4477
MLS ID:
5195958
  • Appliances: DryerRangeRefrigeratorWasher
  • Laundry: Main LevelIn UnitMultiple LocationsUpper Level
  • Basement: Exterior EntryFull
  • A/C: None
  • Heating: Forced Air
  • Parking: DrivewayNo Garage
  • Roofing: AsphaltFiberglassShingle
  • General: Vinyl SidingOne and One Half
  • Originating MLS: NOWDD_NORM
  • School District: Lorain CSD - 4709
  • County: Lorain
  • Zoning: HOGAN 3RD 50 X 15002-01-003-171-021
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Angie Lopez , Keller Williams Citywide

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

0.26 miles away

G

General Johnnie Wilson Middle School

2700 Washington Ave, Lorain, OH, 44052

Grades 6-8

0.49 miles away

L

Lorain High School

2600 Ashland Ave, Lorain, OH, 44052

Grades 9-12

0.96 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.

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