$175,000
About this home
Excellent investment opportunity! This spacious 4-bedroom, 1-bath single-family home is a turnkey addition to any rental portfolio. Currently tenant-occupied and generating $1,800 per month in rental income, providing immediate cash flow from day one. The property offers a functional floor plan with generous living space and strong rental appeal in an established Lorain neighborhood. This property presents a great opportunity for both seasoned investors and those looking to expand their real estate holdings. With stable tenancy already in place, buyers can avoid vacancy and leasing costs while benefiting from consistent income. Conveniently located near schools, parks, shopping, dining, and highway access, supporting long-term tenant demand. Whether you're seeking a cash-flowing asset, a portfolio addition, or a buy-and-hold investment with future appreciation potential, this income-producing property is worth a closer look.
Property details
- MLS #
- 5216471
- Property type
- SingleFamilyResidence
- Subdivision
- Sheffield Land Companys 01 A
- Status
- Active
- Days on market
- 6
- On market date
- June 4, 2026
- Stories
- 2
- Total bathrooms
- 1
- Garage spaces
- 2
- Parking spaces
- N/A
- Lot size
- 0.16 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
- 279
- Student:teacher ratio
- 15.5:1
- District
- Lorain City
- Enrollment
- 455
- Student:teacher ratio
- 15.7:1
- District
- Lorain City
- Enrollment
- 459
- Student:teacher ratio
- 17.0:1
- District
- Sheffield-Sheffield Lake 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 June 10, 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.