761 Washington Avenue Lorain, OH $ 220,000
761 Washington Avenue
$ 220,000
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761 Washington Avenue

Lorain, OH, 44052
$ 220,000
Bedrooms6 Baths3.1 Sq 2,000

Monthly Estimate*

$ 1,389

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Multi-Family Home for sale in Lorain, OH

for $220,000 with 6 bedrooms and 3 full baths, 1 half bath. This 2,000 square foot home was built in 1900 on a lot size of 0.1194.

Great Investment Opportunity in Lorain! Discover the potential of this well-located triplex, offering three separate living units and an excellent opportunity to generate rental income while building long-term investment value. The property features two lower-level units and one spacious upstairs unit: Upstairs Unit: 3 bedrooms and 1.5 bathrooms, Lower Front Unit: 2 bedrooms and 2 bathrooms, Lower Rear Unit: 1 bedroom and 2 bathrooms. The property has seen several recent updates, including nearly all replacement windows installed in 2022 and a new flat roof installed in 2023. Additional property features include a common basement laundry room and a detached two-car garage in the rear, providing valuable off-street parking and additional storage. Conveniently located near local amenities, shopping, dining, and major roadways, this property offers plenty of possibilities for investors. Whether you're an experienced investor looking to expand your portfolio or an owner-occupant seeking additional rental income, this Lorain triplex is worth a look. With multiple units, recent improvements, separate utilities, and a two-car garage, this property offers a variety of possibilities for its next owner.

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Multi-Family Active

Price

$ 220,000

Bedrooms

6

Full Bath

3

Half Bath

1

Property Type

Multi-Family

Taxes

$ 1,740

Style

Lot Size

0.1194

Year Built

1900

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5247598

Features
General
Sewer Public Sewer
Heating Baseboard Forced Air Gas
Cooling None
Possession Delivery Of Deed
Roof Asphalt Fiberglass
Appliances Dryer Washer
Garage Spaces 2
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1900
Tenant Pays All Utilities Electricity Gas Trash Collection Water
View Neighborhood
Stories Count 2
Township Lorain
Levels Two
Property Subtype Triplex
Tax Year 2025
Community Features Lake Playground Park Restaurant Street Lights Sidewalks
County Lorain
Property Type Residential Income
Attached Garage false
Subdivision Name Cornwells Add
Garage Y/N true
Total Rooms 10
Full Baths 3
Status Active
Directions WEST ERIE AVE TO WASHINGTON AVE. PROPERTY IS ON THE WEST SIDE OF WASHINGTON.
City Lorain
Disclosures Principal is Real Estate Licensed
High School District Lorain CSD - 4709
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 1740.36
Home Warranty Y/N false
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 Triplex
Legal Description CORNWELL 46 X 130 LOT # 16 & 17
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Interior
Basement Common Basement Unfinished
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Above Grade Finished Area 2000
Half Baths 1
Laundry Features Common Area In Basement
Total Bedrooms 6
Main Level Bathrooms 0
Above Grade Finished Area Source Public Records
Total Baths 4
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Exterior
Fencing None
Parking Features Detached Garage Outside Shared Driveway On Street
Lot Features Back Yard Front Yard
Water Source Public
Lot Size Area 0.1194
Number of Buildings 1
Lot Size Acres 0.1194
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Mena Ruggiero

Listing Agent

The Agency Cleveland Northcoast

Broker

Mena.Ruggiero@TheAgencyRE.com

Email

Affordability Calculator

$1,534
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,389
Monthly Property Taxes
$145
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
10/3/2026$220,000 Listed Price

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761 Washington Avenue, Lorain, OH, 44052 is a Multi-Family Home for sale at $220,000 with 2,000 sqft and a lot size of 0.1194. 761 Washington Avenue has 6 bedrooms, 3.1 baths, and was built in 1900. The property's zip code is 44052 which is in Lorain, OH