Duplex at 2331 Homewood Drive, Lorain
Duplex at 2331 Homewood Drive, Lorain, photo 2 of 2
2 photos

$140,000

Under contract
2331 Homewood Drive
Lorain, OH 44055
Listed by Michael P Terrigno · Russell Real Estate Services
Bedrooms
4
Bathrooms
2
Living area
2,688 sqft
Year built
1949

About this home

Great opportunity to own a spacious duplex in Lorain! Each unit offers a functional layout with an eat-in kitchen, living room, two bedrooms, and one full bathroom. One side features newer LVP flooring and new countertops, while the other side boasts new stained wood floors, an updated bathroom, and solar panels. Both units offer comfortable living spaces with convenient laundry access in the basement. A large rear parking area provides plenty of off-street parking. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, this duplex offers versatility and value.

Property details

MLS
NOWDD
MLS #
5242387
Property type
Duplex
Subdivision
Homewood
Status
Under contract
Days on market
11
On market date
September 4, 2026
Stories
2
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.1722 acres
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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.

ElementaryCharter
Summit Academy Community School Alternative Learners-Lorain
0.21 mi away · Grades 0-5
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
70
Student:teacher ratio
14.0:1
District
Summit Academy Community School Alternative Learners-Lorain
Middle
Southview Middle School
0.55 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
455
Student:teacher ratio
15.7:1
District
Lorain City
High
Brookside High School
2.5 mi away · Grades 9-12
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
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).

53
Somewhat walkable
out of 100
EPA National Walkability Index
8.0 / 20 -- Below average walkable
Google Places amenity density
73 / 100
Restaurants & cafes5
Grocery stores6
Parks6
Schools6
Transit stops20
Pharmacies0

Market position

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

On the market 11 days -- 53 fewer days than Lorain's current average of 64 days.
For reference, the median list price across 255 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
$993/mo
$28,000 down
$112,000 loan
Principal & interest$726
Property tax (est.)$117
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated September 15, 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.