508 W 23rd Street, Lorain, OH 44052
Local realty services provided by:CENTURY 21 Bolte Real Estate
Listed by: angie lopez
Office: keller williams citywide
MLS#:5195958
Source:OH_NORMLS
Price summary
- Price:$155,000
- Price per sq. ft.:$68.16
About this home
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. There are 2 furnaces, one is in the basement and the second furnace is in the upstairs unit.
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....
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Home facts
- Year built:1900
- Subdivision & Development:Hogan
- Listing ID #:5195958
- Added:123 day(s) ago
- Updated:July 29, 2026 at 08:34 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:8
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:2,274 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt, Fiberglass, Shingle
- Year built:1900
- Building area:2,274 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Vinyl Siding
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$155,000
- Price per sq. ft.:$68.16
- Tax amount:$1,170 (2025)
Features and amenities
- Appliances:Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Driveway
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