818-824 S Central Dr, Lorain, OH, 44052
About This Home
Excellent investment opportunity featuring a fully occupied four-unit property in Lorain. This quadplex offers four separate units, providing diversified rental income and strong appeal for investors seeking to add an income-producing asset to their portfolio. The property is fully occupied, allowing a new owner to take over an established rental operation from day one. Conveniently located near shopping, dining, schools, parks, and major roadways, this property offers easy access throughout Lorain and surrounding communities.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1943
Materials
- Roof: Asphalt,Fiberglass
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Features
- Finished area above ground: 3,624
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 3,624
- Total interior livable area: 3,624 sqft
Property
Details
- Parcel number: 0201006160016
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.33 Acres
Parking
- Parking features: Driveway,On Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Ohio Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,390 | $16,680 |
| Home Insurance * | $211 | $2,532 |
| Property Taxes | $313 | $3,756 |
| Electricity | $388 | $4,664 |
| Total | $2,302 | $27,624 |
Income You'd Need if You Spent...
Ohio FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listed for sale | $275,000 |
| 2023-10-03 | Listing removed | -- |
| 2023-09-19 | Listed for rent | $750 |
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