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2323/2325 Homewood Drive, Lorain, OH 44055

Lorain
Local realty services provided by:CENTURY 21 Premiere Properties
2323/2325 Homewood Drive,Lorain, OH 44055
$135,000
  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: glen g whitten
Office: ohio property group, llc.
MLS#:5155557
Source:OH_NORMLS

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Price summary

  • Price:$135,000

About this home

Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units—each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. Both units have recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package—sold together with adjacent duplexes at 2315 and 2317 Homewood—sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location,...

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Home facts

  • Year built:1951
  • Listing ID #:5155557
  • Added:201 day(s) ago
  • Updated:April 02, 2026 at 06:13 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:8
  • Kitchen Description:Microwave, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full, Sump Pump

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1951
  • Construction Materials:Aluminium Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$135,000
  • Tax amount:$2,055 (2024)

Features and amenities

  • Appliances:Microwave, Range, Refrigerator
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