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  • $112,000

    1259 E Erie Ave, Lorain, OH 44052

    5beds
    1,406sqft
    Duplex, Multi Family
    Built in 1900
    -- sqft lot
    $115,700 Zestimate®
    $80/sqft
    $1,157 Estimated rent

    Home value

    $115,700

    $103,000 - $131,000

    $1,157/mo

    Zestimate® history
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    $1,157/mo

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    $1,157/mo

    Rent Zestimate®

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    $593/mo

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    $593/mo

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    What's special

    Private beach accessSpacious layouts
    Lakefront Duplex with Private Beach Access – Value-Add Investment Opportunity! Calling all investors and vacation rental visionaries! 1259 E Erie Ave., Lorain, OH is your chance to own a duplex on the lake side of the street with rare private beach access – and tons of potential to build equity. This property features two separate units, ready for your updates and personal touch: First-floor unit: 2 bedrooms, 1 bathroom Second-floor unit: 3 bedrooms, 1 bathroom Both units offer spacious layouts and fantastic income potential, whether you’re targeting long-term tenants or short-term vacationers looking for lakefront charm. With a bit of updating, this property could become a true standout in the Lorain rental market. Just steps from the shores of Lake Erie, this location is a strong draw for renters and vacationers alike. Add value through renovations and take advantage of the growing demand for affordable lakefront rentals. This is the kind of investment where vision meets opportunity – don’t miss your chance to create cash flow and equity in one of Lorain’s most desirable settings!

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher M Foisy chrisfoisy@howardhanna.com440-396-4391,

    Howard Hanna

    Bought with:

    Helen M Soeder, 2008002919

    LoFaso Real Estate Services

    Source: MLS Now,MLS#: 5116891Originating MLS: Lorain County Association Of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air, Gas
    Cooling
    • Wall/Window Unit(s)
    Features
    • Basement: Unfinished
    Interior area
    • Total structure area: 1,406
    • Total interior livable area: 1,406 sqft
    • Finished area above ground: 1,406

    Property

    Parking
    • Parking features: Driveway
    Features
    • Levels: Three Or More
    • On waterfront: Yes
    Lot
    • Size: 8,712 Square Feet
    Details
    • Parcel number: 0200051101042
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Aluminum Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Lake
    • Subdivision: Greggs Add
    Location
    • Region: Lorain

    Financial & listing details

    • Price per square foot: $80/sqft
    • Tax assessed value: $137,960
    • Annual tax amount: $2,015
    • Date on market: 4/23/2025
    • Cumulative days on market: 63 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    6/25/2025Sold$112,000-13.8%$80/sqft
    Source: MLS Now #5116891 Report a problem
    5/1/2025Contingent$129,900$92/sqft
    Source: MLS Now #5116891 Report a problem
    4/23/2025Listed for sale$129,900$92/sqft
    Source: MLS Now #5116891 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,015 +31.9%$48,280 +64.8%
    2023$1,528 +0.9%$29,290
    2022$1,515 +0%$29,290
    2021$1,515 +3.8%$29,290 +19.5%
    2020$1,459 +0.6%$24,510
    2019$1,451 0%$24,510 0%
    2018$1,452 +1.7%$24,520 +9.3%
    2017$1,428 +0.8%$22,440
    2016$1,417 +5.8%$22,440
    2015$1,338 +11.8%$22,440 +11.5%
    2014$1,197 -60.3%$20,120 -60.6%
    2013$3,019 +3.3%$51,120
    2012$2,923 $51,120
    2011-- --
    Find assessor info on the county website

    Neighborhood: 44052

    Nearby schools

    GreatSchools rating
    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
    $115,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $115,700