Remarkable Triplex located just minutes from Lake Erie and the massive improvements happening along Lorain's inner corridor on Broadway. Among the improvements made, a new roof installation in 2025 and upgraded sewer stack in 2024. Each unit is a 1 bedroom / 1 bath with the owner paying water, trash, and sewer. Tenants pay the remainders of the utilities. The City of Lorain has made significant improvements to the downtown area over the past 5-7 years and this improvement shows no signs of slowing down! Be a part of history and pick up this ideally located Triplex on Washington Ave before the area truly kicks off!!!!
Closed
$129,900
516 Washington Ave, Lorain, OH 44052
3beds
--sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$133,400 Zestimate®
$--/sqft
$1,103 Estimated rent
Home value
$133,400
$120,000 - $148,000
$1,103/mo
Zestimate® history
Owner options
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$1,103/mo
Rent Zestimate®
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$893/mo
Est. payment
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$893/mo
Est. payment
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List your homeWhat's special
Minutes from lake erie
Zillow last checked:
Listing updated:
Listed by:
Matthew P Klein 216-785-2345,
Walnut Creek Realty, LLC.
Bought with:
James C Cain, 2013001496
Russell Real Estate Services
Source: MLS Now,MLS#: 5152414
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Gas
Cooling
- None
Features
- Basement: Full
Property
Parking
- Parking features: Driveway
Features
- Levels: Three Or More
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 0201005108007
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Wood Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Charleston
Location
- Region: Lorain
Financial & listing details
- Tax assessed value: $115,630
- Annual tax amount: $1,710
- Date on market: 9/8/2025
- Cumulative days on market: 41 days
- Listing terms: Cash,Conventional,1031 Exchange,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Sold | $129,900 |
Source:  MLS Now #5152414 Report a problem | ||
| 10/18/2025 | Pending sale | $129,900 |
Source: MLS Now #5152414 Report a problem | ||
| 10/8/2025 | Contingent | $129,900 |
Source: MLS Now #5152414 Report a problem | ||
| 9/8/2025 | Listed for sale | $129,900 |
Source: MLS Now #5152414 Report a problem | ||
| 12/18/2024 | Listing removed | $129,900 |
Source: MLS Now #5046789 Report a problem | ||
| 11/8/2024 | Price change | $129,900-7.1% |
Source: MLS Now #5046789 Report a problem | ||
| 10/7/2024 | Listed for sale | $139,900 |
Source: MLS Now #5046789 Report a problem | ||
| 9/24/2024 | Pending sale | $139,900 |
Source: MLS Now #5046789 Report a problem | ||
| 9/10/2024 | Contingent | $139,900 |
Source: MLS Now #5046789 Report a problem | ||
| 7/28/2024 | Price change | $139,900-6.7% |
Source: MLS Now #5046789 Report a problem | ||
| 6/17/2024 | Listed for sale | $149,900+354.2% |
Source: MLS Now #5046789 Report a problem | ||
| 11/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/23/2023 | Listed for rent | $695 |
Source: Zillow Rentals Report a problem | ||
| 10/30/2015 | Sold | $33,000-5.7% |
Source: MLS Now #3692524 Report a problem | ||
| 10/19/2015 | Pending sale | $35,000 |
Source: Realtywise, Inc. #3692524 Report a problem | ||
| 4/10/2015 | Listed for sale | $35,000+143.1% |
Source: Realtywise, Inc. #3692524 Report a problem | ||
| 1/29/2014 | Sold | $14,400-52% |
Source: Public Record Report a problem | ||
| 6/25/2013 | Sold | $30,000-57.1% |
Source: Public Record Report a problem | ||
| 8/11/2006 | Sold | $70,000+150% |
Source: Public Record Report a problem | ||
| 4/6/2005 | Sold | $28,000-34.9% |
Source: Public Record Report a problem | ||
| 7/1/2003 | Sold | $43,000-30.6% |
Source: Public Record Report a problem | ||
| 6/30/1997 | Sold | $62,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,710 +86.1% | $40,470 +132.7% |
| 2023 | $919 +0.9% | $17,390 |
| 2022 | $911 +0% | $17,390 |
| 2021 | $911 -1.8% | $17,390 +13.1% |
| 2020 | $927 +0.6% | $15,380 |
| 2019 | $922 0% | $15,380 |
| 2018 | $923 +25.6% | $15,380 +33.2% |
| 2017 | $735 +1.7% | $11,550 |
| 2016 | $723 -41.2% | $11,550 -43.9% |
| 2015 | $1,229 +8.3% | $20,600 +8% |
| 2014 | $1,135 +12.4% | $19,070 +11.5% |
| 2013 | $1,010 +3.3% | $17,100 |
| 2012 | $978 | $17,100 -77.1% |
| 2011 | -- | $74,700 |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | $1,317 +0.4% | -- |
| 2007 | $1,312 +0.3% | -- |
| 2006 | $1,308 +17.2% | -- |
| 2005 | $1,116 +2.8% | -- |
| 2004 | $1,086 +1.4% | -- |
| 2003 | $1,071 +15.5% | -- |
| 2002 | $927 -0.2% | -- |
| 2001 | $929 +14.9% | -- |
| 2000 | $808 | -- |
Find assessor info on the county website
Neighborhood: 44052
Nearby homes
- $9151 bd1 ba1k sqft516 Washington Ave #A, Lorain, OH 44052For Rent
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- $--1 bd1 ba900 sqft504 Washington Ave #3, Lorain, OH 44052Off Market
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Nearby schools
GreatSchools rating
- 5/10Admiral King Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10General Johnnie Wilson Middle SchoolGrades: 6-8Distance: 1.3 mi
- 3/10Lorain High SchoolGrades: 9-12Distance: 1.4 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
$133,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$133,400
- Ohio
- Lorain County
- Lorain
- 44052
- 516 Washington Ave
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