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SingleFamilyResidence at 1409 W 40th Street, Lorain
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dining area looking towards backyard door to garage - 1409 W 40th Street, Lorain
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basement steps - 1409 W 40th Street, Lorain
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basement half bath - 1409 W 40th Street, Lorain
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$195,000

1409 W 40th Street
Lorain, OH 44053
Listed by Angie Barnicle-Masterson · Simply Better Realty, LLC
Bedrooms
2
Bathrooms
1.5
Living area
N/A
Year built
1958

About this home

Opportunity awaits at this spacious 2 bedroom, 1 1/2 bath ranch home offering plenty of potential for buyers looking to add their personal touch. Featuring a cozy gas fireplace, basement with laundry area, a basement kitchenette area and a one car garage. This home has a great starting point for updates and improvements. Enjoy the nicely sized, fenced in backyard, perfect for outdoor gatherings, pets, or simply relaxing. Conveniently located within walking distance to Thomas Elementary School. With some TLC and a little vision, this property could truly shine! This ranch is looking for its new family and personal love to bring the home back to life. The kitchen/ dining area is amazingly large- Bring your ideas and make this home your own!! Property is being sold in its current condition. A GREAT opportunity for homeowners or investors looking to make a house a HOME!

Highlights

Fireplace

Property details

MLS
NOWDD
MLS #
5254496
Property type
SingleFamilyResidence
Subdivision
Urban Allotment
Status
Active
Days on market
N/A
On market date
October 20, 2026
Stories
1
Total bathrooms
1.5
Garage spaces
1
Parking spaces
N/A
Lot size
0.2595 acres

Location

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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.

Elementary
Toni Wofford Morrison ES
0.34 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
278
Student:teacher ratio
14.6:1
District
Lorain City
Middle
General Johnnie Wilson Middle School
0.98 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
453
Student:teacher ratio
17.4:1
District
Lorain City
High
New Beginnings
0.89 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

33
Car-dependent
out of 100
EPA National Walkability Index
6.7 / 20 -- Below average walkable

Market position

How this listing compares to current activity in Lorain, from live MLS data.

On the market 0 days -- 64 fewer days than Lorain's current average of 64 days.
For reference, the median list price across 253 active listings in Lorain right now is $158,750.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$1,324/mo
$39,000 down
$156,000 loan
Principal & interest$1,012
Property tax (est.)$163
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 2 days ago.

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.