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5236 Lorain Ave, Cleveland, OH, 44102

5beds
3baths
2,972sqft
$229,000
$77price/sqft
$2,073/moest. monthly cost
$82,920/yrincome needed

About This Home

Welcome to this beautiful well-maintained duplex in the heart of the city, The Ohio City Neighborhood located at 5236 Lorain Ave. The spacious with high ceilings multi-family property offers almost 3,000 sq feet of living space making it an excellent opportunity for investors or owner-occupants. The basement great for storage is 1425 sq feet. The upper unit features 3 generously sized bedrooms and 2 full bathrooms offering ample space and comfort. The lower unit includes 2 bedrooms and full bathroom providing a functional and inviting layout. Both units offer bright living areas, well-proportioned rooms and plenty of natural light throughout with stunning hardwood floors. Additional highlights include a full basement, ideal for storage or potential additional use and has plenty of off-street parking in back great. Prime location for parking. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this versatile property is a must -see. This property brings in $30,000 a year and operates for less than $10,000. All the appliances are included and there is laundry in both units. It is fully occupied and requires at least 48 hours notice for showing.

Getting Around

75
WalkingVery Walkable
54
TransitGood Transit
72
BikeVery Bikeable

Schools

3/10
Waverly Elementary SchoolGrades PK-80.3 mi
3/10
Max S Hayes High SchoolGrades 3-5,9-120.5 mi
5/10
Orchard SchoolGrades PK-80.4 mi

Construction

Condition

  • Year built: 1870

Materials

  • Roof: Asphalt
  • Construction materials: Lap Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Range,Refrigerator,Washer
  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Common Basement,Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2

Features

  • Window features: Blinds,Insulated Windows
  • Finished area above ground: 2,972

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 2,972
  • Total interior livable area: 2,972 sqft

Property

Details

  • Parcel number: 00231016
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 5,018 sqft
  • Features: Back Yard

Parking

  • Parking features: Gravel