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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Lorain, OH
Listed for sale 6 days ago
$ 170,000
ROI
23.6
Cash Flow/m
181- 2 Bed
- 1 Bath
- 1680 sft
1521-1523 Missouri Ave, Lorain, OH, 44052
Currently Rented
Rental Income
$ 250,000
ROI
25.1Cash Flow/m
370- 8 Bed
- 4 Bath
- 3624 sft
954 N Central Dr, Lorain, OH, 44052
Currently Rented
Rental Income
$ 149,900
ROI
32.8Cash Flow/m
545- 4 Bed
- 2 Bath
- - sft
1423 Shaffer Dr, Lorain, OH, 44053
Rental Income
$ 130,000
ROI
32.8Cash Flow/m
472- 4 Bed
- 2 Bath
- - sft
2394 Elyria Ave, Lorain, OH, 44055
Why Invest in Lorain, Ohio?
Lorain, OH offers strong potential for multi-family investments with affordable entry points and steady rental demand. Investors can benefit from cap rates around 8-10% and average rents supporting solid cash flows. Recent home price appreciation of 2% annually adds to long-term value. Proximity to Cleveland supports workforce housing needs in this revitalizing industrial hub. Renter-occupied units exceed 40%, ensuring reliable occupancy.
9.5%
Avg. ROI
8.2%
Rental Yield
9.1%
Cap Rate
$450/mo
Avg. Cash Flow
$950/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
Lorain offers affordable acquisition costs around $150k median with strong renter demand over 40%. Proximity to Cleveland jobs ensures stable occupancy. Cap rates of 9% provide attractive returns for cash flow investors.
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