2323/2325 Homewood Drive Lorain, OH $ 159,900
2323/2325 Homewood Drive
$ 159,900
Share Save

2323/2325 Homewood Drive

Lorain, OH, 44055
$ 159,900
Bedrooms4 Baths2.0 Sq 1,792

Monthly Estimate*

$ 998

2323/2325 Homewood Drive, Lorain, OH 44055 - Image 1
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 2
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 3
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 4
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 5
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 6
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 7
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 8
2323/2325 Homewood Drive, Lorain, OH 44055 - Image 9
View a Virtual Tour

Multi-Family Home for sale in Lorain, OH

for $159,900 with 4 bedrooms and 2 full baths. This 1,792 square foot home was built in 1951 on a lot size of 0.17.

Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units—each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. Both units have recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package—sold together with adjacent duplexes at 2315 and 2317 Homewood—sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location, this investment promises long-term growth, stability, and excellent returns for savvy investors looking to capitalize on Lorain's rental market.

See more

Multi-Family Active

Price

$ 159,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,055

Style

Lot Size

0.17

Year Built

1951

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5155557

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Ceiling Fan(s)
Possession Delivery Of Deed
Roof Asphalt
Appliances Microwave Range Refrigerator
Construction Materials Aluminum Siding
Year Built 1951
Stories Count 2
Township Lorain
Levels Two
Property Subtype Duplex
Tax Year 2024
County Lorain
Property Type Residential Income
Attached Garage false
Subdivision Name Homewood Add
Garage Y/N false
Total Rooms 8
Full Baths 2
Status Active
Directions 1 block East of Rt. 57
City Lorain
High School District Lorain CSD - 4709
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 2055
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 Duplex
Legal Description HOMEWOOD 50 X 150
See more
Interior
Interior Amenities Ceiling Fan(s) Laminate Counters Natural Woodwork
Basement Full Sump Pump
Basement (Y/N) true
Heating Y/N true
Window Features Aluminum Frames
Above Grade Finished Area 1792
Half Baths 0
Laundry Features In Basement
Total Bedrooms 4
Below Grade Finished Area 896
Main Level Bathrooms 0
Below Grade Finished Area Source Owner
Above Grade Finished Area Source Owner
Total Baths 2
See more
Exterior
Parking Features Asphalt Gravel
Water Source Public
Lot Size Area 0.17
Number of Buildings 1
Lot Size Acres 0.17
Lot Size Source Owner
Waterfront Y/N false
See more
* Excluded Features
List By
Glen G Whitten

Listing Agent

Ohio Property Group, Llc

Broker

support@ohiomlsflatfee.com

Email

Affordability Calculator

$1,169
Per Month
85%
15%
0%
Monthly Principal & Interest
$998
Monthly Property Taxes
$171
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4458042 Elementary School
4458082 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2025$159,900 Listed Price

Map


See all

2323/2325 Homewood Drive, Lorain, OH, 44055 is a Multi-Family Home for sale at $159,900 with 1,792 sqft and a lot size of 0.17. 2323/2325 Homewood Drive has 4 bedrooms, 2.0 baths, and was built in 1951. The property's zip code is 44055 which is in Lorain, OH