Lorain County Real Estate Search

Lorain County Multi-Family Properties for Sale

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Newest Lorain County Multi-Family Homes for Sale

$169,000
5 Beds ⋅ 2 Baths ⋅ 5229898 MLS
ATTENTION INVESTORS AND ENTREPRENEURS!!! Located in the heart of Lorain, this spacious duplex at 2514 Reid Ave. offers an excellent investment opportunity with nearly 2,000 square feet of living space and reliable rental income! Both units are currently occupied, generating just under $2,000 per month in gross income. The lower unit features 3 bedrooms, 1 full bath, a spacious living room, dining room, and full kitchen, while the upper unit offers 2 bedrooms, 1 full bath, a living room, dining room, and full kitchen. A full, dry basement provides two separate laundry areas along with abundant storage space for tenants. Additional investor-friendly features include separate gas and electric meters, with the owner currently paying water, sewer, and trash. Outside, you'll find a fenced backyard, adding even more appeal for tenants. Whether you're looking to expand your rental portfolio or make your first investment purchase, this income-producing property is one you won't want to miss. Call today for more information! *Showings allowed after accepted offer. Please do not disturb the tenants.

2514 Reid Avenue, Lorain
$325,000
3 Beds ⋅ 2 Baths ⋅ 5229668 MLS
A truly unique opportunity in highly desirable Avon Lake! Two parcels included in purchase price. Originally built as a single-family home, this property was converted into a two-family residence more than 40 years ago and offers exciting potential for a variety of uses. The first-floor unit features two bedrooms and one full bathroom, while the second-floor unit includes one bedroom and one full bathroom. The home is ready for updating, although several rooms have been freshly painted. With the right vision, the residence could potentially be converted back into a spacious single-family home. House without the lot can also be purchased for $275K and lot is available for $50K see MLS 5229965 Adding even more versatility is the barn located on the property. Once used as the owner’s business space, it has since been finished to include a kitchen, living room, bedroom and bathroom. This flexible space could be ideal for guests, a substantial home office, vehicle storage, a workshop or a variety of other possibilities.The barn also offers two oversized single-car parking spaces, abundant additional storage and a separate storage bay.The adjacent vacant lot is is also included creating an opportunity for expansion or a future new build. Whether you are looking for a multigenerational residence, an investment property, a single-family home with additional guest or workspace, or a property with exceptional storage, this one-of-a-kind offering provides endless potential. The location is hard to beat—just steps from Lake Erie and within walking distance of local coffee shops and restaurants. Bring your ideas and discover all that this distinctive Avon Lake property has to offer.

115 Avon Point Avenue, Avon Lake
$275,000
3 Beds ⋅ 2 Baths ⋅ 5226639 MLS
A truly unique opportunity in highly desirable Avon Lake! Originally built as a single-family home, this property was converted into a two-family residence more than 40 years ago and offers exciting potential for a variety of uses. The first-floor unit features two bedrooms and one full bathroom, while the second-floor unit includes one bedroom and one full bathroom. The home is ready for updating, although several rooms have been freshly painted. With the right vision, the residence could potentially be converted back into a spacious single-family home. This purchase price only includes the one parcel 0400019106056 but the adjacent lot is also for sale for $50K see seperate listing. Adding even more versatility is the barn located on the property. Once used as the owner’s business space, it has since been finished to include a kitchen, living room, bedroom and bathroom. The barn also offers two oversized single-car parking spaces, abundant additional storage and a separate storage bay. This flexible space could be ideal for guests, a substantial home office, vehicle storage, a workshop or a variety of other possibilities. Whether you are looking for a multigenerational residence, an investment property, a single-family home with additional guest or workspace, or a property with exceptional storage, this one-of-a-kind offering provides endless potential. The location is hard to beat—just steps from Lake Erie and within walking distance of local coffee shops and restaurants. Bring your ideas and discover all that this distinctive Avon Lake property has to offer.

115 Avon Point Avenue, Avon Lake
$120,000
4 Beds ⋅ 2 Baths ⋅ 5228448 MLS
Introducing a prime opportunity to own a versatile multi-unit century building in Lorain. This property features multiple income-generating residential units on the upper floors, while offering complete flexibility on the first floor—ideal for a variety of uses. Whether you're envisioning a retail storefront, office space, café, wellness studio, or a spacious ground-level apartment, the first floor is a blank canvas ready to be tailored to your specific vision, making it ideal for owners, investors, or business operators looking for adaptable space. The third floor is also a blank canvas that could be used in multiple ways. This building offers both immediate functionality and long-term potential. Whether you're looking to live and work in one place, lease out multiple units, or run a business from home, this property gives you the flexibility to shape it to your needs. Both units are currently leased, showings with accepted contract only.

3177 Elyria Avenue, Lorain
$149,900
4 Beds ⋅ 2 Baths ⋅ 5226298 MLS
Desirable Ranch Style Duplex with major updates done in last 12 months including New Roof, Both High Efficiency Furnaces & Both Water Heaters. Fully Insulated in 2025. Long Term Tenant in Rear Unit (over 10 years) and fresh lease on front until til June 2027. Tenants Pay all their own utilities including gas, electric, and water. Owner only pays taxes & insurance.

1857-1859 E 39th Street, Lorain
$550,000
5 Beds ⋅ 4 Baths ⋅ 5225958 MLS
Do you want to get away from the city life. Are you looking for a multi-family situation or income producing potential. Schedule a showing today, this well cared for duplex will not last long. It's like getting 2 houses! The upper unit has 2 bedrooms, a bath and a half, a formal living room, dining room, kitchen, family, laundry/utility room and a covered porch. The lower unit has 3 bedrooms, 2 full baths, kitchen, dining room, living room and a large flex room. Both units have a covered porch to enjoy your summer mornings and evenings. There is a 3 car garage and a gravel area for parking extra cars. Utilities are separate except the water. This duplex could be restored to a single family home. Adding to this wonderful property, new siding (blue) to be installed before transfer. Situated on 7.44 acres with a pond to enjoy nature, gardening or your favorite hobby. Right next door is the Penfield Recreation Park with a playground, picnic tables, a ball field and walking trails. Located within 20 minutes to Medina or Lodi and 10 minutes from Findley State Park.

40822 Oh-18, Wellington
$190,000
6 Beds ⋅ 4 Baths ⋅ 5223087 MLS
Solid duplex investment opportunity at 1839-1841 Randall Ave in Lorain. Both units are month-to-month, offering immediate flexibility for an investor to adjust rents to market. Approximately $7,500 in recent improvements over the past two years, including a kitchen remodel and fresh paint. Combined market rent in the area runs around $2,300/month. Great addition to a rental portfolio with low-maintenance, turnkey appeal. Tenant info available upon request. Please do not disturb occupants.

1839 Randall Street, Lorain
$225,000
4 Beds ⋅ 2 Baths ⋅ 5223003 MLS
Brick ranch style duplex with center garage and each unit the same. 2 bedrooms, kitchen, eating area, living room and laundry. There is a separate crawl space access on each side. some updates include newer windows on east side, new screen doors, 1 newer water tank. Long term renters. A good opportunity for owner occupant or investor. Property has 2 lots. Home is on 1 lot and other is corner of 36th and Oakdale. total .25 acres.

605 W 36th Street, Lorain
$299,900
4 Beds ⋅ 4 Baths ⋅ 5209212 MLS
Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features three occupied units and one vacant unit, offering immediate income with additional upside through lease-up or rent growth. Current rents include Unit 1 at $850/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $880/month through the Lorain Metropolitan Housing Authority ($582 subsidy plus $298 tenant portion) with lease expiring 8/31/2026. Unit 4 is currently vacant, providing an opportunity for an owner-occupant or an investor to increase cash flow. The property features a durable brick exterior and numerous updates, including a new boiler system, helping reduce future capital expenditures. Conveniently located near shopping, dining, schools, and major highways, this property offers stable tenancy and strong rental demand. Whether you're a seasoned investor looking for a performing asset or seeking to expand your multifamily portfolio, 428 West Ave presents a compelling opportunity with immediate income and value-add potential.

428 West Avenue, Elyria
$300,000
4 Beds ⋅ 2 Baths ⋅ 5220669 MLS
Opportunity awaits at this well-maintained duplex in the heart of Columbia Station! Situated on a generous 0.50-acre lot, this property offers a perfect layout configured as two seperate up and down units. Each offering two bedrooms and one full bath, making it an excellent opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Full of character and charm, this property features nearly 2,000 square feet of living space, separate living areas, a full basement for storage, multiple covered porches, and plenty of outdoor space for tenants or owners to enjoy. The spacious lot provides ample parking and room for outdoor activities. Major mechanical updates offer peace of mind, with both furnaces, central air conditioning units, hot water tanks, and the roof all approximately 10 years old. An Aprilaire whole-house air filtration and humidity control system adds an extra level of comfort and indoor air quality. Features seperate gas and electric meters, keeping owner utility overhead to a minimum. Conveniently located near shopping, dining, parks, and major highways, this property offers the perfect blend of small-town living with easy access to surrounding communities. Whether you're looking to expand your investment portfolio, generate rental income, or create a multi-generational living arrangement, this duplex presents a fantastic opportunity. Don't miss your chance to own an income-producing property in desirable Columbia Station!

25468 Royalton Road, Columbia Station
$449,900
6 Beds ⋅ 5 Baths ⋅ 5217739 MLS
New Price! Outstand Investor Opportunity to acquire two separate 2 acre parcels totaling 4 acres with a 4 unit multi family and a single family ranch with full basement. Properties are extremely well maintained each with long term month to month tenants and rents are under market, this investment will stabilize and produce great net income. 4 unit includes coin op washer and dryer income. Sheds are on the property and has plenty of ample parking with turn around driveway. This adjoins and overlooks an additional 6 acres of vacant rolling and partially wooded land that includes 300 ft of frontage on the Charlemont Creek and is available for purchase separately. This would make an ideal Dream Home or Home Based Business Lot that if purchased together would virtually pay for the overall investment with your Net Monthly Income! All units include appliances. 4 unit has recent new siding, windows, panels, heat exchangers and attic insulation for efficiency. Possible Terms available.

1 Pitts Road, Wellington
$145,000
4 Beds ⋅ 2 Baths ⋅ 5213227 MLS
Duplex investment opportunity in Lorain! This tenant-occupied property offers immediate rental income and is a great addition to any portfolio. Each unit provides functional living space and plenty of potential. Conveniently located near local amenities and shopping. Please do not disturb the tenants.

1143 W 9th Street, Lorain
$210,000
6 Beds ⋅ 4 Baths ⋅ 5206039 MLS
Investment Opportunity in Lorain! This 4-unit property features a mix of 2 bed / 1 bath and 1 bed / 1 bath units, all currently leased on month-to-month terms, providing immediate income and flexibility. Rents range from $525–$750/month, offering strong upside potential for increased cash flow. Conveniently located near shopping, dining, parks, and major roadways. A great addition to any investment portfolio!

448 Delaware Avenue, Lorain
$135,000
4 Beds ⋅ 2 Baths ⋅ 5205297 MLS
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.

407 W 22nd Street, Lorain
$165,000
6 Beds ⋅ 2 Baths ⋅ 5205310 MLS
Performing rental property with consistent returns at 1339 Washington Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied duplex produces strong, consistent cash flow with rents of $1,100 and $1,250 per month, both secured through leases expiring 3/31/27, providing long-term income stability. Tenants are responsible for all utilities, helping to minimize owner expenses and maximize returns. The property offers a functional layout with solid rental demand in the area, making it a dependable addition to a larger portfolio. Ideal for investors seeking stable, predictable income, this asset contributes to a well-performing, income-producing portfolio. Multiple properties must be purchased.  Singular properties will not be considered.  Reach out to co-listing agent for details.

1339 Washington Avenue, Lorain
$165,000
4 Beds ⋅ 2 Baths ⋅ 5205321 MLS
Established rental property with ongoing income at 1347 Washington Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. Both units are currently occupied, with one renting for $1,199 on a month-to-month lease and the second generating $1,100 with a lease in place through 5/31/26, providing immediate cash flow. Utilities are structured with tenants responsible for electric and gas, while the owner covers water, sewer, and trash. The property features a functional layout with consistent rental demand in the area, supporting strong occupancy. A solid addition to a larger portfolio, this asset contributes reliable income within a diversified, income-producing package.

1347 Washington Avenue, Lorain
$210,000
4 Beds ⋅ 4 Baths ⋅ 5205281 MLS
Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.

122 Elbe Street, Elyria
$135,000
4 Beds ⋅ 2 Baths ⋅ 5205320 MLS
Partially leased property offering strong income growth potential at 1036 Oberlin Ave in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This duplex-style property features one occupied unit generating $1,125 month-to-month, while the second unit is currently vacant, providing immediate upside through lease-up. Utilities are structured with the tenant paying electric and the owner responsible for water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, making it well-suited for continued income production. Ideal for investors seeking to expand their portfolio with a value-add component, this asset contributes to a larger package with built-in cash flow and long-term growth potential. Multiple properties must be purchased.  Singular properties will not be considered.  Reach out to co-listing agent for details.

1036 Oberlin Avenue, Lorain
$185,000
5 Beds ⋅ 3 Baths ⋅ 5204723 MLS
229 5th St, Elyria, OH 44035 — Mixed-Use Opportunity Awaits. Discover the untapped potential of this versatile mixed-use property located in the heart of Downtown Elyria. Zoned for mixed use, this unique offering features a former chiropractic office on the first floor and a comfortable two-bedroom, one-bathroom apartment on the second floor — ideal for the savvy investor or owner-occupant who dreams of living upstairs while running a business below.**Renovation Potential That Inspires.** The expansive first-floor office space is primed for conversion into one or multiple residential apartments, and the large attic space offers even more opportunity — the current owner has architectural drawings already prepared for completing an additional apartment upstairs. Whether you envision a thriving multi-unit rental property or a creative live-work arrangement, the possibilities here are truly exciting.**Parking That Delivers.** A generous gravel parking lot accessible from Barres Street, combined with a private driveway off 5th Street, provides multiple ingress and egress points — a rare advantage for both residential tenants and commercial visitors alike. Efficiency is built in, with separate HVAC and hot water systems

229 5th Street, Elyria
$149,900
4 Beds ⋅ 2 Baths ⋅ 5202962 MLS
Solid All Brick Duplex fully rented out to the same tenants for over 10 & 15 years. Separate Gas, Electric, AND Water Meters. Tenants Pay all their own utilities. Landlord only responsible for Taxes, Insurance, & Lawn care. Truly Turn Key Duplex with Excellent Cash flow from day 1. All Brick Low Maintenance & New Roof 2018. New Furnace & Water heater 2024 on north side. Each Side Has their own Dry Basement with Washer/Dryer Hook ups and mechanicals. This is an Investor's Dream and won't last.

3050 Denver Avenue, Lorain
$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
$174,900
5 Beds ⋅ 3 Baths ⋅ 5200464 MLS
Attention Investors, Cash Flowing Duplex in Elyria. This is a large first-floor unit with three bedrooms and two full bathrooms. The bottom unit has two large family rooms, a spacious kitchen and pantry, and a laundry room that connects to a mudroom. The second floor is a 2-bedroom with one full bathroom with its own driveway. This unit has access to its own back deck and a large area for storage. Call today with any questions!

140 School Street, Elyria
$150,000
4 Beds ⋅ 2 Baths ⋅ 5191632 MLS
This well-maintained side-by-side ranch multifamily property offers a fantastic investment opportunity with both units fully rented. Each unit features 2 bedrooms and 1 full bathroom, providing comfortable single-level living that appeals to a wide range of tenants. Inside, you'll find durable vinyl plank flooring throughout and fresh neutral paint. With stable rental income already in place, this property is ideal for investors looking to add a turnkey, income-producing asset to their portfolio. The ranch-style design offers convenience and broad tenant appeal, while the side-by-side configuration provides added privacy for occupants. Whether you're expanding your portfolio or entering the multifamily market, this fully occupied duplex offers a solid opportunity.

211 Brace Avenue, Elyria
$120,000
4 Beds ⋅ 2 Baths ⋅ 5192615 MLS
Investment opportunity, or owner occupant wanted! This duplex on a quiet street is ready for you. The bottom unit has a long-term tenant, and the top unit is ready for you to customize. The bottom tenant pays $950 monthly creating strong cash flow! Three bedrooms and one bath on the first floor, and two bedrooms and one bath on the top floor. Close to everything Lorain has to offer, this is one you don't want to miss. The home is being sold as-is.

514 W 20th Street, Lorain
$169,500
4 Beds ⋅ 2 Baths ⋅ 5187923 MLS

116 Taylor Street, Wellington
$45,000
3 Beds ⋅ 2 Baths ⋅ 5182402 MLS
This Is Not a House. This Is a Play. Welcome to 2910 Caroline Ave, Lorain, Ohio—a vacant duplex with serious upside and the kind of potential seasoned investors chase. This is a full rehab, blank-canvas opportunity perfect for a BRRRR strategy, value-add hold, or straight flip. Both units are vacant, giving you total control from day one—design it, renovate it, rent it, refi it, or sell it. Located in an established neighborhood with strong rental demand, this property is ideal for investors who know how to execute and aren’t afraid to roll up their sleeves. If you’re looking for turnkey, keep scrolling. If you’re looking for profit, this is it. Bring your contractor. Bring your vision. This is where real money gets made.

2910 Caroline Avenue, Lorain
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