1888 E 28th Street Lorain, OH $ 465,000
1888 E 28th Street
$ 465,000
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1888 E 28th Street

Lorain, OH, 44055
$ 465,000
Bedrooms-- Baths--

Monthly Estimate*

$ 2,901

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Commercial Property for sale in Lorain, OH

for $465,000. This building was built in 1925 on a lot size of 0.29.

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.

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Commercial Active

Price

$ 465,000

Property Type

Commercial

Taxes

$ 3,382

Style

Lot Size

0.29

Year Built

1925

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5137926

Features
General
Heating Hot Water Steam
Possession Delivery Of Deed
Roof Flat
Year Built 1925
Township Lorain
Property Subtype Apartment
Tax Year 2024
County Lorain
Property Type Commercial Sale
Attached Garage false
Subdivision Name Sheffield Land & Improv C
Status Active
Directions North of I-90
City Lorain
High School District Lorain CSD - 4709
Lot Size Units Acres
Tax Annual Amount 3382
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Lorain CSD - 4709
Elementary School District Lorain CSD - 4709
Year Built Source Public Records
Property Sub Type Additional Apartment
Legal Description SHEFFIELD LAND CO 100 X 125
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Interior
Heating Y/N true
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features On Site Paved
Lot Size Area 0.29
Building Area Total 8692
Lot Size Acres 0.29
Lot Size Source Assessor
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* Excluded Features
List By
Tal Tamir

Listing Agent

Russell Real Estate Services

Broker

tal@premierclevelandinvesting.com

Email

Affordability Calculator

$3,183
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,901
Monthly Property Taxes
$282
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4458042 Elementary School
4458082 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/24/2025$465,000 -2.08% Price Down
8/29/2025$474,900 Listed Price

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1888 E 28th Street, Lorain, OH, 44055 is a Commercial Property for sale at $465,000 with a lot size of 0.29. 1888 E 28th Street was built in 1925. The property's zip code is 44055 which is in Lorain, OH