Duplex-Style Income Property Near Lake Erie! Just one house down from the water, this single-family 3-bedroom, 1-bath home brings in $1,000/month in rent, while an attached 1-bedroom, 1-bath apartment adds an additional $450/month. With both units currently occupied, the property generates a total of $1,450/month in steady rental income, tenants paying all utilities! Located in a desirable Lorain neighborhood near the lake, this property offers strong cash flow and long-term tenant appeal. A great opportunity for investors seeking a multi-unit setup with proven rental history.
Closed
$93,500
124 Washington Ave, Lorain, OH 44052
4beds
1,858sqft
Single Family Residence
Built in 1900
9,583 Square Feet Lot
$119,900 Zestimate®
$50/sqft
$1,646 Estimated rent
Home value
$119,900
$88,000 - $155,000
$1,646/mo
Zestimate® history
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$495/mo
Est. payment
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Est. payment
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Near lake erie
Zillow last checked:
Listing updated:
Listed by:
Adin Homoelle 440-387-8675 adinw04@gmail.com,
RE/MAX Infinity
Bought with:
Tammy S Martin, 2014001542
Keller Williams Elevate
Source: MLS Now,MLS#: 5147398
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- Ceiling Fan(s), Wall/Window Unit(s)
Features
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 1,858
- Total interior livable area: 1,858 sqft
- Finished area above ground: 1,858
Property
Parking
- Parking features: Unpaved
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,583 Square Feet
Details
- Parcel number: 0201006103015
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Charleston 01
HOA
- Has HOA: No
Location
- Region: Lorain
Financial & listing details
- Price per square foot: $50/sqft
- Tax assessed value: $95,010
- Annual tax amount: $1,405
- Date on market: 8/11/2025
- Cumulative days on market: 72 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2025 | Pending sale | $105,000+12.3%$57/sqft |
Source:  MLS Now #5147398 Report a problem | ||
| 10/22/2025 | Sold | $93,500-11%$50/sqft |
Source: MLS Now #5147398 Report a problem | ||
| 8/29/2025 | Contingent | $105,000$57/sqft |
Source: MLS Now #5147398 Report a problem | ||
| 8/11/2025 | Listed for sale | $105,000+40%$57/sqft |
Source: MLS Now #5147398 Report a problem | ||
| 2/6/2025 | Sold | $75,000+92.3%$40/sqft |
Source: Public Record Report a problem | ||
| 6/1/2012 | Listing removed | $39,000$21/sqft |
Source: Howard Hanna - Amherst #3131801 Report a problem | ||
| 10/29/2011 | Price change | $39,000-13.1%$21/sqft |
Source: Howard Hanna - Amherst #3131801 Report a problem | ||
| 5/8/2010 | Listed for sale | $44,900$24/sqft |
Source: Howard Hanna - Amherst #3131801 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,405 +23% | $33,260 +53.8% |
| 2023 | $1,143 +0.9% | $21,630 |
| 2022 | $1,133 +0% | $21,630 |
| 2021 | $1,133 -1.7% | $21,630 +13.1% |
| 2020 | $1,153 +0.6% | $19,120 |
| 2019 | $1,147 0% | $19,120 |
| 2018 | $1,147 -7.5% | $19,120 -1.9% |
| 2017 | $1,240 +0.8% | $19,490 |
| 2016 | $1,230 +5.8% | $19,490 |
| 2015 | $1,162 +8.2% | $19,490 +8% |
| 2014 | $1,074 +0.8% | $18,050 |
| 2013 | $1,066 +3.3% | $18,050 |
| 2012 | $1,032 | $18,050 -63.9% |
| 2011 | -- | $50,000 |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | $882 +0.4% | -- |
| 2007 | $878 +0.3% | -- |
| 2006 | $875 +10.3% | -- |
| 2005 | $793 +2.8% | -- |
| 2004 | $772 +1.5% | -- |
| 2003 | $761 +11.5% | -- |
| 2002 | $682 -0.2% | -- |
| 2001 | $683 +18.2% | -- |
| 2000 | $578 | -- |
Find assessor info on the county website
Neighborhood: 44052
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Admiral King Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10General Johnnie Wilson Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Lorain High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- District: Lorain CSD - 4709
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$119,900
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Estimated market value
$119,900
- Ohio
- Lorain County
- Lorain
- 44052
- 124 Washington Ave
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