124 Washington Avenue

Lorain OH 44052

1858 sq. ft.

0.22 ac.

Single-Family

Last sold for $93,500

Adin Homoelle, last sold this property on 22 October 2025 after 71 days on market.

Overview

Duplex-Style Income Property Near Lake Erie! Just one house down from the water, this single-family 3-bedroom, 1-bath home brings in $1,000/month in rent, while an attached 1-bedroom, 1-bath apartment adds an additional $450/month. With both units currently occupied, the property generates a total of $1,450/month in steady rental income, tenants paying all utilities! Located in a desirable Lorain neighborhood near the lake, this property offers strong cash flow and long-term tenant appeal. A great opportunity for investors seeking a multi-unit setup with proven rental history.

Features

4 bedrooms

2 bathrooms

1858 sq. ft. floor area

0.22 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in Lorain over the last 12 months, the estimated median property value of 124 Washington Avenue is $170k.

Median value

$170k

Estimated value range

$60k - $345k

Median days on market

Estimated value trend

21%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Lorain. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 124 Washington Avenue

2025

Sold

$93,500

22 Oct 2025 by Adin Homoelle, of RE/MAX Infinity

Happy sellers in Lorain

We have insufficient information to provide an overview of customer satisfaction for Lorain. Viewing the agent profiles, reviews and sales for Lorain can provide insights for this location.