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  • $100,000

    946 Washington Ave, Lorain, OH 44052

    4beds
    2,414sqft
    Triplex, Multi Family
    Built in 1916
    -- sqft lot
    $147,100 Zestimate®
    $41/sqft
    $1,094 Estimated rent

    Home value

    $147,100

    $112,000 - $187,000

    $1,094/mo

    Zestimate® history
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    Owner options

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    $1,094/mo

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    $1,094/mo

    Rent Zestimate®

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    $529/mo

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    $529/mo

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    What's special

    Attention investors! Don't miss this exceptional opportunity to own a promising piece of real estate at 946 Washington Ave, Lorain, OH, 44052. This triplex offers a wealth of possibilities for the savvy investor looking to expand their portfolio in the Lorain market. Situated on a generous .17-acre lot, this property boasts a total of 5 bedrooms and 3.5 bathrooms across multiple units. While it does require some work to bring it up to rent-ready condition, the potential for a high return on investment is clear. Each unit is individually metered for electric, simplifying the management process and ensuring that tenants are responsible for their own usage. Located close to the heart of downtown Lorain, this property is ideal for renters seeking convenience and accessibility to local amenities, including shopping, dining, and entertainment options. The location, combined with the property's inherent potential, makes it an attractive prospect for long-term rental income. The triplex's ample space and flexible layout offer numerous opportunities for customization and enhancement. With the right touches, this property can quickly become a sought-after residence for potential tenants, maximizing your income potential. Whether you're looking to renovate and flip or hold and lease, 946 Washington Ave presents a fantastic opportunity to invest in the growing Lorain market. Seize the chance to turn this property's potential into profit. Contact us today to schedule a viewing and start your next investment project!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer M Hite 440-864-4844 jenniferhite@howardhanna.com,

    Howard Hanna,

    Jey Rivera 440-714-9741,

    Howard Hanna

    Bought with:

    Adrian Frederick, 2022005290

    Coldwell Banker Schmidt Realty

    Christopher A Frederick, 426983

    Coldwell Banker Schmidt Realty

    Source: MLS Now,MLS#: 5121952Originating MLS: Lorain County Association Of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Electric, Forced Air, Gas
    Cooling
    • None
    Appliances
    • Included: Range, Refrigerator
    • Laundry: None
    Features
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 2,414
    • Total interior livable area: 2,414 sqft
    • Finished area above ground: 2,414

    Property

    Parking
    • Parking features: Detached, Garage, On Street
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,405 Square Feet
    Details
    • Parcel number: 0201005119025

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Aluminum Siding
    • Roof: Asphalt,Fiberglass
    Condition
    • Year built: 1916

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: David Wallace Trustees 01
    Location
    • Region: Lorain

    Financial & listing details

    • Price per square foot: $41/sqft
    • Tax assessed value: $108,260
    • Annual tax amount: $1,681
    • Date on market: 5/12/2025
    • Cumulative days on market: 127 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Tenant pays: Cable TV, Electricity, Gas, Internet, Telephone

    Price history

    DateEventPrice
    9/23/2025Sold$100,000-9.1%$41/sqft
    Source: Public Record Report a problem
    9/16/2025Pending sale$110,000$46/sqft
    Source: MLS Now #5121952 Report a problem
    8/12/2025Contingent$110,000$46/sqft
    Source: MLS Now #5121952 Report a problem
    7/22/2025Listed for sale$110,000$46/sqft
    Source: MLS Now #5121952 Report a problem
    5/20/2025Contingent$110,000$46/sqft
    Source: MLS Now #5121952 Report a problem
    5/12/2025Listed for sale$110,000+175.3%$46/sqft
    Source: MLS Now #5121952 Report a problem
    3/5/2020Listing removed$525
    Source: Go Section8 Report a problem
    3/1/2020Price change$525+6.1%
    Source: Go Section8 Report a problem
    2/20/2020Price change$495-5.7%
    Source: Sandstone Realty Report a problem
    1/29/2020Listed for rent$525
    Source: Sandstone Realty, LLC Report a problem
    9/25/2019Listing removed$39,950$17/sqft
    Source: Sandstone Realty #4101307 Report a problem
    6/13/2019Listed for sale$39,950+59.8%$17/sqft
    Source: Sandstone Realty #4101307 Report a problem
    12/28/2018Sold$25,000+150%$10/sqft
    Source: Public Record Report a problem
    6/22/2007Sold$10,000-66.7%$4/sqft
    Source: Public Record Report a problem
    5/3/2006Sold$30,000-31.8%$12/sqft
    Source: Public Record Report a problem
    4/21/2000Sold$44,000$18/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,601 +16.4%$37,890 +45.5%
    2023$1,376 +0.9%$26,040
    2022$1,364 +0%$26,040
    2021$1,364 -1.8%$26,040 +13.1%
    2020$1,388 +0.6%$23,020
    2019$1,380 -4.8%$23,020 0%
    2018$1,450 -5.4%$23,030 -4.4%
    2017$1,534 +0.8%$24,100
    2016$1,521 +5.8%$24,100
    2015$1,437 +8.3%$24,100 +8%
    2014$1,328 +0.8%$22,310
    2013$1,318 -1.6%$22,310
    2012$1,339 $22,310 -69.6%
    2011-- $73,300
    2010-- --
    2009-- --
    2008$1,086 +2.7%--
    2007$1,058 +0.3%--
    2006$1,055 -9%--
    2005$1,159 +2.8%--
    2004$1,128 +4.3%--
    2003$1,081 +12.1%--
    2002$965 -0.2%--
    2001$967 +18.2%--
    2000$818 --
    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
    $147,100
    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
    $147,100