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Listed price in listed location currency (USD).
$465,000

000

MLS® 5137926

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $3,382
Days Active 149
Approx. Age 1925
MLS® Number 5137926

Property Address: 1888 E 28th St, Lorain, OH, 44055-1870

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity in Lorain, Ohio—a fully occupied 10-unit apartment building in a high-demand rental market with low property taxes. Each unit is a one-bedroom, one-bath, with many updates already completed, making this a low-maintenance, easy-to-manage asset. There's additional upside with a currently unused storage area that could generate $50–$100 per month, and a small coin operated laundry room for extra income. The owner currently covers water, sewer, and gas due to the on-site boiler system. With rents significantly below market, there's immediate potential to increase revenue by $200-$300 per unit on renewals with minimal to no upgrades required.
MLS® Number5137926
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1925
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 9, 2025List Date
$465,000List Price
  • Commute

Commute

Starting Address
Destination Address
1888 E 28 Th St, Lorain, OH

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