380 N Ridge Road W Lorain, OH $ 245,000
380 N Ridge Road W
$ 245,000
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380 N Ridge Road W

Lorain, OH, 44053
$ 245,000
Bedrooms5 Baths3.0 Sq 4,550

Monthly Estimate*

$ 1,509

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Multi-Family Home for sale in Lorain, OH

for $245,000 with 5 bedrooms and 3 full baths. This 4,550 square foot home was built in 1978 on a lot size of 6.2411.

Rare 3-unit multi-family opportunity in Lorain County offering both income potential and exceptional flexibility! The first floor features approximately 1,600 square feet of open space, making it ideal for an owner’s suite, home-based business, office space, or conversion into an additional rental unit. The second floor includes two separate units, each offering 2 bedrooms, 1 full bath, an eat-in kitchen, and spacious living areas, totaling approximately 1,100 square feet. Both units were previously rented for around $900 per month (under market value for today's rental pricing), providing strong potential for steady residual income. Situated on 6.24 acres of country property, this parcel offers incredible possibilities for the right buyer- whether you’re looking to expand rental income, run a business, or enjoy the privacy and flexibility of rural living. Conveniently located just off Broadway and State Route 2, this property combines accessibility with space and opportunity. This home is in need of repairs and is being Sold As-Is and priced accordingly. A unique investment with multiple income streams and room to grow- schedule your showing today! ***Note This property is being offered subject to the lot split in the photos and also in the attachments. It will be recorded prior to title transfer. ***

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Multi-Family Active

Price

$ 245,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,767

Style

Lot Size

6.2411

Year Built

1978

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5192185

Features
General
Sewer Public Sewer
Heating Electric Forced Air Gas
Cooling Other Window Unit(s)
Possession Delivery Of Deed
Roof Asphalt Fiberglass Shingle
Garage Spaces 1
Construction Materials Aluminum Siding
Year Built 1978
Tenant Pays All Utilities
Stories Count 2
Township Lorain
Levels Two
Property Subtype Triplex
Tax Year 2025
County Lorain
Property Type Residential Income
Attached Garage true
Subdivision Name 30114-Lorain/Clearview
Facing Direction South
Garage Y/N true
Total Rooms 13
Full Baths 3
Status Active
Directions St. Rt. 2 Broadway/Middle Ridge Exit. North on Broadway to Left at North Ridge Road. Just West of Clearview School.
City Lorain
Disclosures Principal is Real Estate Licensed
High School District Clearview LSD - 4704
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 2767
Home Warranty Y/N false
Property Condition Unknown
Virtual Tour https://www.zillow.com/view-imx/8e964f65-c184-4230-a6ce-536f4b877305?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Clearview LSD - 4704
Elementary School District Clearview LSD - 4704
Year Built Source Owner
Property Sub Type Additional Triplex
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Interior
Interior Amenities Eat-in Kitchen
Basement None
Total Stories 2
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 4550
Half Baths 0
Laundry Features In Unit
Total Bedrooms 5
Main Level Bathrooms 0
Above Grade Finished Area Source Assessor
Total Baths 3
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Exterior
Parking Features Attached Driveway Garage On Site Unpaved
Lot Features Wooded
Water Source Public
Lot Size Area 6.2411
Number of Buildings 1
Lot Size Acres 6.2411
Lot Size Source Owner
Waterfront Y/N false
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* Excluded Features
List By
Sam LoFaso

Listing Agent

Lofaso Real Estate Services

Broker

sold@samlofaso.com

Email

Affordability Calculator

$1,739
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,509
Monthly Property Taxes
$231
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4458821 Elementary School
4458906 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/16/2026$245,000 Listed Price

Map


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380 N Ridge Road W, Lorain, OH, 44053 is a Multi-Family Home for sale at $245,000 with 4,550 sqft and a lot size of 6.2411. 380 N Ridge Road W has 5 bedrooms, 3.0 baths, and was built in 1978. The property's zip code is 44053 which is in Lorain, OH