2514 Reid Ave, Lorain, OH, 44052
About This Home
ATTENTION INVESTORS AND ENTREPRENEURS!!! Located in the heart of Lorain, this spacious duplex at 2514 Reid Ave. offers an excellent investment opportunity with nearly 2,000 square feet of living space and reliable rental income! Both units are currently occupied, generating just under $2,000 per month in gross income. The lower unit features 3 bedrooms, 1 full bath, a spacious living room, dining room, and full kitchen, while the upper unit offers 2 bedrooms, 1 full bath, a living room, dining room, and full kitchen. A full, dry basement provides two separate laundry areas along with abundant storage space for tenants. Additional investor-friendly features include separate gas and electric meters, with the owner currently paying water, sewer, and trash. Outside, you'll find a fenced backyard, adding even more appeal for tenants. Whether you're looking to expand your rental portfolio or make your first investment purchase, this income-producing property is one you won't want to miss. Call today for more information! *Showings allowed after accepted offer. Please do not disturb the tenants.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1900
Materials
- Roof: Asphalt,Fiberglass
- Construction materials: Concrete
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Finished area above ground: 1,952
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 1,952
- Total interior livable area: 1,952 sqft
Property
Details
- Parcel number: 0201003187018
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Exterior features: Private Yard
- Fencing: Chain Link
Lot
- Lot size: 6,098 sqft
- Features: Flat,Level
Parking
- Parking features: Driveway
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 | $854 | $10,248 |
| Home Insurance * | $130 | $1,560 |
| Property Taxes | $192 | $2,304 |
| Electricity | $209 | $2,512 |
| Total | $1,385 | $16,620 |
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 |
|---|---|---|
| 2026-07-23 | Listed for sale | $169,000 |
| 2026-06-10 | Sold | $91,500 |
| 2025-08-18 | Listing removed | $850 |
| 2025-07-24 | Listed for rent | $850 |
| 2023-09-06 | Listing removed | -- |
| 2023-08-29 | Listed for rent | $895 |
| 2023-08-29 | Listing removed | -- |
| 2023-08-07 | Listed for rent | $895 |
| 2020-10-01 | Sold | $77,000 |
| 2020-09-10 | Pending sale | $79,900 |
| 2020-08-29 | Listed for sale | $79,900 |
| 2014-04-22 | Listing removed | $525 |
| 2014-01-29 | Listed for rent | $525 |
| 2013-11-15 | Listing removed | $525 |
| 2013-11-08 | Listed for rent | $525 |
| 1992-06-19 | Sold | $24,000 |
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