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Brandi Bux
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508 W 23rd Street, Lorain, OH 44052

$155,000
  • 508 W 23rd Street, Lorain, OH 44052 Main Photo
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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET2,274 MLS#5195958
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHogan SCHOOLLorain City

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.

508 W 23rd Street | MLS# 5195958

This multi-family property located at 508 W 23rd Street, Lorain, OH 44052 is currently listed for sale with an asking price of $155,000. W 23rd Street is located within the Lorain City school district. Search Lorain real estate on bbux.mcrealestateohio.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Exterior Entry, Full
Basement: Yes
Cooling: None
Heating: Forced Air
Lot Size: 0.17 Acres
Roof Type: Asphalt, Fiberglass, Shingle
Taxes: $1,170 / year
Year Built: 1900

Feature Descriptions

Appliances: Dryer, Range, Refrigerator, Washer
Days on Site: 2
Exterior: Vinyl Siding
Laundry: Main Level, In Unit, Multiple Locations, Upper Level
Parcel#: 02-01-003-171-021
Parking: Driveway, No Garage
Sewer: Public Sewer
Water: Public

Local Schools

School District: Lorain City

Listed By / Shown By

Listed By

Agency Name: Keller Williams Citywide
Agency Contact: angie.lopez@kw.com, 216-855-4477

Shown By

Agent Name: Brandi Bux
Agent Phone: (330) 283-8878
Agency Title: M.C. Real Estate

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Estimate Your Payment

Estimated Payment

$ 487.67 per month $344.96 Principal & Interest $97.50 Property Tax $45.21 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/31/2026. The listing information on this page last changed on 03/31/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/31/2026 10:16:08 AM EST) or MLS NOW (last updated Tue 03/31/2026 10:12:38 AM EST). Real estate listings held by brokerage firms other than M.C. Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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