$128,750
About this home
Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential. Multiple properties must be purchased. Singular properties will not be considered. Reach out to co-listing agent for details.
Property details
- MLS #
- 5205297
- Property type
- Duplex
- Subdivision
- Gilbert Hogans 03
- Status
- Active
- Days on market
- 107
- On market date
- April 29, 2026
- Stories
- 2
- Total bathrooms
- 2
- Garage spaces
- 1
- Parking spaces
- N/A
- Lot size
- 0.17 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 244
- Student:teacher ratio
- 13.6:1
- District
- Lorain City
- Enrollment
- 453
- Student:teacher ratio
- 17.4:1
- District
- Lorain City
- Enrollment
- 103
- Student:teacher ratio
- 20.6:1
- District
- Lorain City
Walkability
Blended score for Lorain's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Lorain, from live MLS data.
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 14, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.