2394 Elyria Ave Lorain, OH 44055
Estimated payment $871/month
About This Home
Brick duplex investment opportunity in Lorain featuring two well-maintained units, each offering 2 bedrooms and 1 bathroom, ideal for steady tenant demand. Both units are fully occupied at $950/month with leases in place through November 2026 and January 2027, providing immediate and reliable cash flow. Tenants are responsible for electric and gas, while the owner covers water, helping maintain manageable expenses. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.
Listing Agent
Home Equity Realty Group Brokerage Email: charles.lewis@heqrealty.com, 440-539-4864 License #2017004453 Listed on: 04/14/2026
Co-Listing Agent
Home Equity Realty Group Brokerage Email: charles.lewis@heqrealty.com, 440-539-4864 License #2020001184
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,209
Year Built
- Built in 1900
Lot Details
- 8,276 Sq Ft Lot
Parking
- Driveway
Home Design
- Brick Exterior Construction
- Fiberglass Roof
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- No Cooling
- Heating System Uses Gas
Community Details
- Black River Township Subdivision
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 02-00-093-107-007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,773 | $41,951 | $1,708 | $40,243 |
| 2023 | $922 | $17,448 | $1,519 | $15,929 |
| 2022 | $914 | $17,448 | $1,519 | $15,929 |
| 2021 | $914 | $17,448 | $1,519 | $15,929 |
| 2020 | $930 | $15,420 | $1,340 | $14,080 |
| 2019 | $925 | $15,420 | $1,340 | $14,080 |
| 2018 | $855 | $15,420 | $1,340 | $14,080 |
| 2017 | $786 | $12,350 | $1,510 | $10,840 |
| 2016 | $780 | $12,350 | $1,510 | $10,840 |
| 2015 | $737 | $12,350 | $1,510 | $10,840 |
| 2014 | $680 | $11,440 | $1,400 | $10,040 |
| 2013 | $675 | $11,440 | $1,400 | $10,040 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $145,000 | +68.6% | -- | |
| 09/30/2024 09/30/24 | Sold | $86,000 | -4.3% | $29 / Sq Ft | View Prior Sale |
| 09/09/2024 09/09/24 | For Sale | $89,900 | +45.0% | $30 / Sq Ft | |
| 12/29/2021 12/29/21 | Sold | $62,000 | -5.9% | $31 / Sq Ft | View Prior Sale |
| 11/15/2021 11/15/21 | Pending | -- | -- | -- | |
| 11/09/2021 11/09/21 | For Sale | $65,900 | -- | $33 / Sq Ft |
Source: MLS Now
MLS Number: 5201394
APN: 02-00-093-107-007
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Ask me questions while you tour the home.