1037 W 8th ST, Lorain, OH 44052
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1037 W 8th ST, Lorain, OH 44052
1037 W 8th ST, Lorain, OH 44052
1037 W 8th ST, Lorain, OH 44052
1037 W 8th ST, Lorain, OH 44052
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Sheena Sellitti Dunham

Sheena Sellitti Dunham

+1(304) 914-0330
$ 280,000
Est. payment /mo
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1037 W 8th ST Lorain, OH 44052

7 Beds

4 Baths

6,969 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5245764

Bedrooms 7

Full Baths 4

HOA Y/N No

Year Built 1904

Annual Tax Amount $2,427

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Property Description

Excellent opportunity to add a fully occupied 4-unit property with large detached outbuilding/garage to your investment portfolio producing $3200 per month in rent! Located at 1037 W 8th St in Lorain, this property is within walking distance of Downtown Lorain, offering convenient access to restaurants, entertainment, the waterfront, Black River Landing, and all that the revitalized downtown district has to offer. All four units are currently occupied with month-to-month tenants, providing immediate rental income along with flexibility for a new owner. Current monthly rents are $700, $700, $700, and $1,100, for a total gross monthly rental income of $3,200. The property has benefited from several important updates, including a roof approximately 5 years old, furnaces approximately 8 years old, and individual hot water tanks for each unit that are approximately 3 years old. Interior improvements include updated flooring throughout all units, new LED lighting, and renovated common areas featuring refinished steps, refreshed walls, and additional updates that enhance the overall appearance of the property. With all units occupied, $38,400 in current annual gross rental income, major mechanical updates already completed, and a convenient location near Downtown Lorain and the Lake Erie waterfront, this 4-unit property offers an attractive opportunity for both experienced and first-time multifamily investors.

Location

State OH

County Lorain

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Laundry Common Area, In Unit

Exterior

Parking Features Detached, Garage, Paved, Shared Driveway

Garage Spaces 2.0

Garage Description 2.0

Fence Partial

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Garage true

Private Pool No

Building

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Lorain Csd - 4709

Others

Tax ID 02-01-006-115-021

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by Jesse R Kracht • Russell Real Estate Services • jessek.cst@gmail.com, 440-212-5656
Sheena Sellitti Dunham

Sheena Sellitti Dunham

Broker License ID: WVB190300511

+1(304) 914-0330

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1037 W 8th ST