1347 Washington Avenue, Lorain, OH 44052
Chamberlain · Lorain County
Key Facts
Description
Established rental property with ongoing income at 1347 Washington Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. Both units are currently occupied, with one renting for $1,199 on a month-to-month lease and the second generating $1,100 with a lease in place through 5/31/26, providing immediate cash flow. Utilities are structured with tenants responsible for electric and gas, while the owner covers water, sewer, and trash. The property features a functional layout with consistent rental demand in the area, supporting strong occupancy. A solid addition to a larger portfolio, this asset contributes reliable income within a diversified, income-producing package.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1900
Stories
2
Lot Size
0.09 acres
Days on Market
54
MLS® Listing#
5205321
Property Features
Cooling
Heating
Basement
Parking
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$1,012
Tax year 2025
Parcel Number
02-01-006-127-025
Directions
Lorain
Affordability Calculator
$33,000
Estimated monthly payment
$878/mo
Principal $132,000 · Est. interest $184,152 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lorain, OH
- 38
- Median Days on Market
- 1,664
- Median Sq Ft
- $129
- Median Price / Sq Ft
- 126
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Lorain, OH.
Location
Points of Interest in Lorain, OH
Showing the Lorain area map.
Nearby Schools
Hawthorne Elementary School
Elementary · 0.4 mi away
Lccaa Hopkins Locke Head Start
School · 0.4 mi away
Admiral King Elementary
Elementary · 0.4 mi away
Lorain St. Mary's Academy & High School
Secondary · 0.5 mi away
Washington Elementary School
Elementary · 0.6 mi away
General Johnnie Wilson Middle School
Secondary · 0.7 mi away
Horizon Education Centers
School · 0.7 mi away
LCCC Community Learning Center at Lorain High School
Secondary · 1.0 mi away
Lorain High School
Secondary · 1.0 mi away
Charleston Center School
School · 1.0 mi away
Lorain City Schools
School · 1.0 mi away
Frank Jacinto Elementary
Elementary · 1.1 mi away
Lorain Preparatory High School
Secondary · 1.1 mi away
Garfield Elementary School
Elementary · 1.2 mi away
St Peter School
School · 1.3 mi away
Summit Academy
School · 1.4 mi away
St Anthony of Padua School
School · 1.7 mi away
Toni Morrison Elementary School
Elementary · 1.7 mi away
Lorain Preparatory Academy
School · 2.0 mi away
Stevan Dohanos Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3781 Lowell Avenue, Lorain, OH | $119,900 | 3 | 1 | 1,622 |
| 514 W 20th Street, Lorain, OH | $120,000 | 4 | 2 | — |
| 205 W 22nd Street, Lorain, OH | $120,000 | 4 | 2 | 1,814 |
| 4700 Chelsea Drive, Lorain, OH | $120,000 | 4 | 1 | — |
| 3177 Elyria Avenue, Lorain, OH | $120,000 | 4 | 2 | — |
| 1620 Cedar Drive, Lorain, OH | $129,900 | 3 | 1 | 1,059 |
Moving Cost Estimate
EXIT Agents in Lorain
Listing Courtesy: Russell Real Estate Services - tal@premierclevelandinvesting.com, 216-870-8687
Last Updated: 2026-04-29