Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential.
Multiple properties must be purchased. Singular properties will not be considered. Reach out to co-listing agent for details.
Active
Price cut: $25K (5/28)
$135,000
407 W 22nd St, Lorain, OH 44052
4beds
--sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Functional layout
- 84 days |
- 240 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Tal Tamir 216-870-8687 tal@premierclevelandinvesting.com,
Russell Real Estate Services,
Benjamin Peleg 303-709-1063,
Russell Real Estate Services
Source: MLS Now,MLS#: 5205297
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
Heating
- Other
Cooling
- Other
Features
- Basement: Other
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 0201003171014
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Other
- Roof: Other
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Other
- Water: Other
Community & HOA
Community
- Subdivision: Gilbert Hogans 03
Location
- Region: Lorain
Financial & listing details
- Tax assessed value: $99,900
- Annual tax amount: $1,404
- Date on market: 4/29/2026
- Cumulative days on market: 84 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Price change | $135,000-15.6% |
Source:  MLS Now #5205297 Report a problem | ||
| 4/29/2026 | Listed for sale | $160,000+377.6% |
Source: MLS Now #5205297 Report a problem | ||
| 9/23/2016 | Sold | $33,500+24.5% |
Source: Public Record Report a problem | ||
| 12/23/2015 | Listing removed | $26,900 |
Source: Howard Hanna - Amherst #3722540 Report a problem | ||
| 6/24/2015 | Price change | $26,900-18.5% |
Source: Howard Hanna - Amherst #3722540 Report a problem | ||
| 1/7/2015 | Price change | $33,000-17.3% |
Source: Howard Hanna - Amherst #3675763 Report a problem | ||
| 9/21/2014 | Price change | $39,900-20% |
Source: Howard Hanna - Amherst #3630461 Report a problem | ||
| 8/15/2014 | Price change | $49,900-16.7% |
Source: Howard Hanna - Amherst #3630461 Report a problem | ||
| 6/26/2014 | Listed for sale | $59,900+139.6% |
Source: Howard Hanna - Amherst #3630461 Report a problem | ||
| 4/1/2003 | Sold | $25,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,478 +18.2% | $34,960 +47.7% |
| 2023 | $1,251 +0.9% | $23,670 |
| 2022 | $1,240 +0% | $23,670 |
| 2021 | $1,240 -1.8% | $23,670 +13.1% |
| 2020 | $1,262 +0.6% | $20,930 |
| 2019 | $1,255 0% | $20,930 |
| 2018 | $1,256 +5.4% | $20,930 +11.7% |
| 2017 | $1,192 +0.8% | $18,730 |
| 2016 | $1,182 +5.8% | $18,730 |
| 2015 | $1,117 +8.2% | $18,730 +8% |
| 2014 | $1,032 +0.8% | $17,340 |
| 2013 | $1,024 +3.3% | $17,340 |
| 2012 | $991 | $17,340 -70.1% |
| 2011 | -- | $57,900 |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | $1,023 +0.4% | -- |
| 2007 | $1,018 +0.3% | -- |
| 2006 | $1,015 +22.7% | -- |
| 2005 | $827 +2.8% | -- |
| 2004 | $805 +1.5% | -- |
| 2003 | $794 +189.5% | -- |
| 2002 | $274 -3.3% | -- |
| 2001 | $283 -21.2% | -- |
| 2000 | $360 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 44052
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 6/10General Johnnie Wilson Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Lorain High SchoolGrades: 9-12Distance: 1.1 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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A local agent can set up tours, give advice and negotiate with sellers.
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