Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
7 Beds
2 Baths
6,058 sqft

$189,900

525-527 Washington Avenue, Lorain OH, 44052

Price per sqft$31.35
Built in1900
Property size6,058 sqft
Property typeMulti-family

Overview

Active

Listed Nov 6, 2026

Updated 6 days ago

Great investment opportunity! Two well-maintained single-family homes situated on one parcel in Lorain, conveniently located near Lake Erie and Lakeview Park. The first home offers 4 bedrooms, 1 full bath, and 4,322 square feet of living space. Recent improvements include a new roof, fresh interior paint, and new carpeting throughout. This home was previously rented for $1,450 per month and offers additional rental upside for an investor. The second home features 3 bedrooms, 1 full bath, and 1,736 square feet and is currently tenant occupied, generating $1,150 per month through the Section 8 program. The tenant pays all utilities, providing an attractive income-producing opportunity. With a combined rental history of $2,600 per month, plus the potential to increase rental income from the four-bedroom home, this property is ideal for investors looking to expand their portfolio or an owner-occupant looking to live in one home while generating rental income from the other. Conveniently located near Lake Erie, Lakeview Park, and local amenities. Don't miss this unique opportunity to own two homes on one parcel!

$1,263/mo

Est. mortgage payment based on a $189,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5258031

Interior Features

Bedrooms
7
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$2,687
Tax Frequency
Annually
View
Yes
Municipality
Lorain

Courtesy of Keller Williams Citywide

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Christopher Wertz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 MLS Now. All rights reserved.

Powered by Luxury Presence