5 Beds
2 Baths
1,952 sqft
$164,000
2514 Reid Avenue, Lorain OH, 44052
Price per sqft$84.02
Built in1900
Property size1,952 sqft
Property typeMulti-family
Overview
Active
Listed Jul 23, 2026
Updated 2 weeks ago
ATTENTION INVESTORS AND ENTREPRENEURS!!! Located in the heart of Lorain, this spacious duplex at 2514 Reid Ave. offers an excellent investment opportunity with nearly 2,000 square feet of living space and reliable rental income! Both units are currently occupied, generating just under $2,000 per month in gross income. The lower unit features 3 bedrooms, 1 full bath, a spacious living room, dining room, and full kitchen, while the upper unit offers 2 bedrooms, 1 full bath, a living room, dining room, and full kitchen. A full, dry basement provides two separate laundry areas along with abundant storage space for tenants. Additional investor-friendly features include separate gas and electric meters, with the owner currently paying water, sewer, and trash. Outside, you'll find a fenced backyard, adding even more appeal for tenants. Whether you're looking to expand your rental portfolio or make your first investment purchase, this income-producing property is one you won't want to miss. Call today for more information! *Showings allowed after accepted offer. Please do not disturb the tenants.
$1,091/mo
Est. mortgage payment based on a $164,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 5229898
Interior Features
- Bedrooms
- 5
- Bathrooms
- 2
- Cooling
- Yes
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.14 Acres
Other Property Details
- Taxes
- $1,963
- Tax Frequency
- Annually
Courtesy of Russell Real Estate Services
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Katherine Jennings shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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