Lorain County Real Estate Search

Lorain County Just Listed Properties for Sale

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Newest Lorain County Just Listed Properties for Sale

$210,000
5201644 MLS
A rare opportunity to acquire a 19-unit, 12-property scattered-site portfolio across Elyria and Lorain at $1,525,000, just 25 miles west of Cleveland. Fully occupied, the portfolio delivers $169,684 in NOI at a 9.98% cap rate, $66,377 in annual net cash flow, and a 15.02% cash-on-cash return on a $442,000 total investment. The seller is actively leasing the 2 remaining vacant units at rents consistent with the in-place portfolio, making this a stabilization-in-progress buy rather than a speculative one. The income is built on a foundation of heavy Section 8 participation across a market with deep voucher infrastructure. The Lorain Metropolitan Housing Authority manages over 3,100 active Housing Choice Vouchers, paying landlords an average of $1,075 per month, and Lorain County ranks 13th highest in Ohio by Fair Market Rent with the 2-bedroom FMR at $1,208. In-place rents across the portfolio range from $725 to $1,600, all at or below FMR, with predominantly tenant-pays-electric lease structures keeping operating costs lean. The demand fundamentals across both markets are structural. Elyria and Lorain together represent over 118,000 residents with renter-occupied rates of 39.9% and 44.2% respectively, supported by a Lorain County employment base of 150,000 jobs that grew 1.55% year-over-year. Median home values in the $140,000 to $154,000 range continue to push a significant share of the workforce into long-term rental demand. For the investor building a cash-flow-first, Section 8-anchored portfolio in a market that still prices like it is underappreciated, this offering is worth a close look.

122 Elbe Street, Elyria

$399,900
2 Beds 2 Baths 5202108 MLS
Howdy friends! This is country living at its best with 3000 CCF worth of Free Gas! If you’ve been dreaming of land, space and a little more room to breathe…than this is what its’s all about. A rare opportunity to own a versatile property on 5 acres offering space, income rentals, and tons of potential. This unique property features a duplex-style main home, with two separate units, each offering 2 bedrooms, full kitchen, living room, full bath, and laundry hookups—offers flexibility for owner occupancy, multi-unit use, or investment potential, Included appliances are: refrigerator, stove, microwave, washer, and dryer. The property is equipped with three separate electric meters, providing added flexibility for tenants or future use. Enjoy the outdoors with expansive acreage, perfect for recreation, hobby farming, or simply taking in the peaceful setting. An established ATV trail adds to the lifestyle appeal, making this property ideal for outdoor enthusiasts. A standout feature is the impressive 64x39 outbuilding, offering abundant space for storage, potential for horse setup, hobbie farm, workshop use or equipment (buyer to verify zoning and permitted uses). Also includes an additional 2-car garage. Conveniently located minutes from downtown Wellington and the Lorain County Fairgrounds, this property combines the charm of country living with nearby amenities. Don’t miss this opportunity to own acreage, income potential, and flexible living all in one property! By appointment only.

44901 State Route 18, Wellington

$425,000
5200241 MLS
Lorain sits on Lake Erie just 30 miles west of Cleveland, a commuter-accessible market where renters make up 45% of all households, county home values are up nearly 18% year-over-year, and a wave of economic activity including 1,800 new union jobs at Ford's Ohio Assembly Plant is tightening rental demand across the board. Against that backdrop, this fully occupied 10-unit building is a textbook buy-and-hold: all one-bedroom/one-bath units, many updates already complete, low property taxes, and a new silicone roof layer going on prior to closing. At $42,500 per door, the basis is hard to argue with. The rent roll sits at $6,225/month ($74,700 GSI) with current rents ranging $500-$675, meaningfully below a market where the dominant rental price band runs $700-$850. That gap represents $100-$200/unit of achievable upside on renewals with minimal to no upgrades. A coin-operated laundry room and unused storage area add additional income potential on top. The owner covers water, sewer, and gas via the on-site boiler, all reflected in the expense model. At $425K, the deal underwrites to an 8.54% cap rate, 1.40x DSCR, and $871/month net cash flow against a conservative 5% vacancy assumption. As rents roll to market, the 5-year model shows cash-on-cash climbing from 9.46% toward 14.5% with cumulative cash flow exceeding $66,000 over that window. Fully occupied, freshly roofed, clear value-add runway. This is Lorain at its most investable.

1888 E 28th Street, Lorain

$279,900
3 Beds 3 Baths 5192972 MLS
REDUCED TO $279,000 [$121.00 SQ FT }and is a fantastic price for this amazing must-see Condo. Welcome to this beautifully 2311 SQ Ft townhouse condominium with an open floor plan in Amherst’s desirable English Lakes community. The house features 17 ft ceilings in the massive living room that is enhanced by natural light from all the windows and glass door. From the living room if the weather is cooler it’s a must to enjoy the gas all brick fireplace, step outside to a private, fenced patio—perfect for morning coffee, casual dining, or quiet evening relaxation. The huge 13x21 eat-in kitchen with oak cabinets has an abundance of natural light with a big window overlooking the back yard. The open 2nd dining room area also includes a wet bar. The second floor offers exceptional flexibility with a large loft space overlooking the living room and is ideal for a home office, , media room, or reading retreat. The amazing 2nd floor master bedroom has a huge walk-in closet along with a large glamour bathroom. The bathroom includes a soaking tub along with a custom all glass shower. The 2nd bedroom is also located on the 2nd floor with access to an additional full bathroom. The very large 3rd bedroom located on the 3rd floor could also be a playroom,storageroom, art and craftroom,man-cave and much more.This is a must see bonus area. An attached two-car garage adds further convenience. Pride of ownership is seen in this home it shows like a new home and is move in ready. Residents of English Lakes enjoy access to a private community pool and clubhouse, ideal for larger gatherings and seasonal enjoyment. With easy access to the Ohio Turnpike and Route 2, owning this home is a rare opportunity to enjoy low-maintenance living in a beautifully maintained and welcoming neighborhood. This is a must-see home make your appointment soon it won't last long.

120 Ambleside Way, Amherst

$799,000
5197944 MLS
80 +/- acre property located in Lorain County, Ohio just east of Oberlin with direct access from State Route 20. This property offers a combination of accessibility, natural features, and zoning that may support a variety of potential uses. With two separate access points from State Route 20, the property provides flexibility for entry and future planning considerations. The land consists of a mix of tillable acreage and wooded areas, creating a diverse setting that can accommodate agricultural, recreational, or investment interests. The tillable ground may offer farming or lease opportunities, while the wooded sections provide cover for wildlife and general outdoor use. A stream runs through the property and a pond is also present, adding to the natural character and potential usability of the land. The property is currently zoned Business, Office, and Business Park District. This zoning classification may allow for a range of uses depending on local regulations and approvals. Buyers should perform their own due diligence with the appropriate township and county authorities to confirm permitted uses, zoning requirements, and any development considerations. The location just outside of Oberlin offers convenient access to local amenities while maintaining a more rural setting. State Route 20 provides a direct travel route to surrounding communities and regional destinations. The combination of location, access, and land features makes this property suitable for buyers seeking a property with multiple potential applications.

Us-20, Oberlin

$325,000
3 Beds 3 Baths 5196346 MLS
Welcome home to this beautifully renovated property where everything has already been done for you just move in and enjoy. From the moment you walk in, you'll notice the fresh, modern feel with brand new LVT flooring, soft neutral tones, and recessed lighting throughout. The fully updated kitchen is the heart of the home, featuring granite countertops, white shaker soft-close cabinetry, a hexagon tile backsplash, a center island with pendant lighting, and brand-new stainless steel appliances perfect for everyday living and entertaining. The home offers two full bathrooms and a half bath, all updated with new vanities, fixtures, and a clean, modern design. Additional updates include newly built staircases, updated lighting, and fresh finishes throughout. Behind the scenes, you'll have peace of mind with major upgrades already completed, including new plumbing, electrical, HVAC, roof, siding, windows, sump pump, as well as a newly built 2-car garage and concrete driveway and walkways. Step outside to enjoy your brand new wood deck overlooking a spacious, fenced backyard perfect for summer evenings, weekend gatherings, or simply unwinding at the end of the day. Start your mornings on the newly rebuilt front porch with a cup of coffee, and enjoy the convenience of being just minutes from downtown Amherst, with easy access to local shops, restaurants, and everyday essentials. With a park located just across the street, this home offers a setting that feels both connected and comfortable where you can truly settle in and make it your own.

950 Park Avenue, Amherst

$42,500
5193472 MLS
Some people spend years looking for a place that actually feels like something. This is one of those places. Two buildable parcels on Woodruff Road in Sheffield Lake — 0.29 acres total — sitting close to the Lake Erie shoreline in one of Northeast Ohio's most underrated small towns. Utilities are nearby; buyer to verify connection costs and availability through the city. This isn't just land. It's an address with a lifestyle attached to it. Sheffield Lake gives you stunning sunsets, a free public boat launch, and miles of nature trails built for people who actually use them. Ten neighborhood parks — five of them right on the lake — open year-round from dawn to dusk. A dog park, a skate park, lakefront views, and a community that takes care of what it has. During migration season, birders travel from all over to photograph thousands of birds that shelter in the trees and woods along the trails. Families walk the wildflower paths. Kids explore the covered bridge. It's the kind of place where people slow down — on purpose. Sheffield Lake ranked in the top 8 places to retire in Ohio, and it's easy to see why. But it's not just for retirees. It's for anyone who wants to build something intentional — a home, a life, a pace that fits. You're also about 20 miles west of Cleveland, so you're not choosing between quiet and convenient. You get both. Build your custom home. Build a retreat. Build the thing you've been waiting for the right lot to make possible. The land is ready. The life is already here.

Woodruff Drive, Sheffield Lake

$950,000
5189597 MLS
Rare investment opportunity in the heart of Oberlin — a town known for its historic charm, vibrant arts culture, and the nationally acclaimed Oberlin College Conservatory, ranked among the top programs in the country. Ideally located minutes from campus, Finney Chapel performances, Tappan Square gatherings, local shops, restaurants, and major highways, this beautifully maintained 11-unit multifamily property combines strong financial performance with long-term tenant appeal. This turnkey asset features a desirable unit mix of one studio, two one-bedroom, and eight two-bedroom apartments, with 10 of 11 units offering recently updated interiors designed to attract quality tenants. Recent capital improvements include a new boiler, two new water heaters, all new windows, keypad entry systems, updated kitchens and bathrooms, upgraded laundry machines, parking lot resurfaced, and new concrete patios were installed. Amenities include secure building entry, well-appointed common areas, revenue-producing onsite laundry, and numbered parking for each unit. The property has maintained an average 97% occupancy over the past 2.5 years, reaching 98% over the last calendar year, supported by stable, long-term tenancy. A 5.25% assumable loan is available. Full financials available upon request. An exceptional opportunity for investors seeking a well-positioned, income-producing asset in one of Northeast Ohio’s most distinctive and consistently desirable communities.

540 W College Street, Oberlin

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