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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 2 days ago
$ 125,000
ROI
32.7
Cash Flow/m
451- 6 Bed
- 2 Bath
- - sft
2228 E 30th St, Lorain, OH, 44055
Listed for sale 3 days ago
$ 155,000
ROI
32.1Cash Flow/m
533- 4 Bed
- 2 Bath
- 2274 sft
508 W 23rd St, Lorain, OH, 44052
Rental Income
Listed for sale 7 days ago
$ 159,900
ROI
32.7Cash Flow/m
575- 7 Bed
- 2 Bath
- - sft
1113 W 9th St, Lorain, OH, 44052
Fix & Flip
Rental Income
$ 245,000
ROI
34.8Cash Flow/m
1028- 5 Bed
- 3 Bath
- 4550 sft
380 N Ridge Rd W, Lorain, OH, 44053
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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