Property Description

Duplex investment opportunity in Lorain featuring two spacious units, each offering 3 bedrooms and 1 bathroom, making it highly attractive for tenants and long-term stability. Both units are fully occupied at $950/month with leases in place through March 2027 and April 2027, providing strong and consistent cash flow from day one. Tenants are responsible for electric and gas, while the owner covers water, helping keep operating expenses manageable. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

1836 E 33rd Street | MLS# 5201393

This multi-family property located at 1836 E 33rd Street, Lorain, OH 44055 is currently listed for sale with an asking price of $150,000. E 33rd Street is located within the Lorain City school district. Search Lorain real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Unfinished

Basement: Yes

Cooling: None

Days on Market: 28

Garage: 2

Heating: Gas

Lot Size: 0.16 Acres

Roof Type: Asphalt, Fiberglass

Stories: 2.0

Taxes: $1,432 / year

Year Built: 1900

Feature Descriptions

Exterior: Shingle Siding

Parcel#: 03-00-095-106-005

Parking: Driveway, Detached, Garage

Sewer: Public Sewer

Water: Public

Local Schools

School District: Lorain City

Demographics

Lorain County Demographic Information for 1836 E 33rd Street, Lorain, OH 44055

Fips

Fips Code 39093

Population

2020 to 2025 Change up 3.3%

2010 Count 301,356

2020 Count 312,964

2025 Estimate (V2025) 323,219

2020 Estimate (V2025) 312,956

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 21.1%

18 to 64 53.0%

65 and Older 20.7%

Gender

Male 49.6%

Female 50.4%

Place of Birth

Foreign 3.1%

US 96.9%

Education

High School Graduate, Age 25+ 91.8%

Bachelor's Degree or Higher, Age 25+ 28.5%

Computer and Internet use

Households with a computer 94.8%

Households with a broadband Internet subscription 88.9%

Language

English is Second Language, Age 5+ 7.8%

English is First Language, Age 5+ 92.2%

Veterans

Veterans 18,512

Income

Per Capita Income $40,798

Median Household Income $73,347

People in Poverty 10.8%

Commute

Average Work Commute Time 26 minutes

Housing

Total Housing Units 136,666

Households 127,544

Average Household Size 2.42

Owner-Occupied 74.0%

Multi-Family 17.0%

Owner-Occupied Median Value $223,200

Median selected monthly owner costs -with a mortgage $1,525

Median selected monthly owner costs -without a mortgage $629

Median gross rent $966

Building Permits

New Private Housing Issued 2024 1,331

Years at Residence

1 Year or More 90.9%

Less Than 1 Year 9.1%

Business and Employment

Private non-farm Establishments 5,664

Private non-farm Employment 89,159

Private non-farm Employment Growth 0.0%

Nonemployer Establishments 21,949

Number of Firms 4,759

Business Production

Value of Shipments $6,058,884,000

Wholesale Trade $2,315,415,000

Retail Trade $3,875,576,000

Retail Sales Per Capita $12,297

Accommodation and Food Services $444,363,000

Land

Land Area 491.10 sq. miles

Population Per Square Mile 614

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 933.44 per month $770.36 Principal & Interest $119.33 Property Tax $43.75 Homeowner's Insurance

Change Payment Information

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1836 E 33rd StreetLorain, OH 44055