Nikki Mort
BEDS4
BATHS2 full
MLS#5205297
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGilbert Hogans 03
SCHOOLLorain City
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Other
Basement: Yes
Cooling: Other
Garage: 1
Heating: Other
Lot Size: 0.17 Acres
Roof Type: Other
Stories: 2.0
Taxes: $1,404 / year
Year Built: 1900
Feature Descriptions
Days on Site: 1
Parcel#: 02-01-003-171-014
Parking: Detached, Garage
Sewer: Other
Water: Other
Local Schools
School District: Lorain City
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Nikki Mort
Agent Phone: (330) 414-3585
Agency Title: Mosholder Realty
Estimate Your Payment
Estimated Payment
$ 935.21 per month $771.54 Principal & Interest $117.00 Property Tax $46.67 Homeowner's InsuranceChange Payment Information
Listing data compilation and photo(s) © 2026 - Multiple Listing Service, Inc. – All Rights Reserved
The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
407 W 22nd Street | MLS# 5205297
This multi-family property located at 407 W 22nd Street, Lorain, OH 44052 is currently listed for sale with an asking price of $160,000. W 22nd Street is located within the Lorain City school district. Search Lorain real estate on nmort.mosholder.com today.