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$159,900
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Property Description
Great investment opportunity in Lorain! This turnkey side-by-side 2-story duplex offers over 2,000 square feet of living space, with each unit featuring 2 bedrooms and 1 full bath. Each side has its own separate gas and electric meter, furnace, water heater, basement, and private driveway for parking, while the owner pays the water and trash. Situated on a nice-sized corner lot, this property offers a low-maintenance setup that makes it easy to keep existing tenants or begin building your investment portfolio. Located within walking distance of Lakeview Park, Lakeview Beach, and Admiral King Elementary, the location adds even more appeal for tenants. Whether you're an experienced investor or a buyer looking to live in one unit while generating rental income from the other, this property offers plenty of opportunity and flexibility!
Full Property Details
Full Property Details for 1101 W 5th St
General
- Price: $159,900
- Taxes: $1,440 (2025)
- Status: Active
- Type: Duplex
- Source: 505
- MLS ID: 5249688
- Updated: 10/12/2026
- Added to Site: 15 day(s) ago
Interior
- Number of Rooms: 10
- Interior Features: Ceiling Fan(s), Eat-in Kitchen
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside, In Basement, Lower Level
Exterior
- Exterior Features: None
Parking
- Parking Features: Driveway
Location
- County: Lorain
- Township: Lorain
- Subdivision: Downtown Lorain
- Driving Directions: Oberlin Ave to West 5th st. Go east and property will be on your right hand side
School Information
- Elem School District: Lorain CSD - 4709
- Midd School District: Lorain CSD - 4709
- High School District: Lorain CSD - 4709
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Window Unit(s)
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Block, Concrete
- Basement: Yes
- Basement Desc.: Full, Interior Entry, Storage Space, Unfinished
- Roof: Asphalt, Fiberglass
- Windows: Insulated Windows
- Stories/Levels: 2
- Square Feet: 2,066
- Living Area: 2,066 Sq. Ft.
- Finished Above Grnd: 2,066 Sq. Ft.
- Year Built: 1950
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Property View: City
- Lot Size (Acres): 0.13
- Lot Size: .13
- Lot Size Source: Owner
- Lot Features: Flat, Level
- Fencing (Description): None
Financial Considerations
- Tax Amount: $1,440
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
- Owner Pays: Exterior Maintenance, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Gas, Internet
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: O P C 65 X 92 LOT # 250-1
- Property ID: 02-01-006-111-033
Listed by Russell Real Estate Services, Steven Lawson
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Schools
Schools serving 1101 W 5th St
School District:Lorain City School District
| Name | Grades | Distance |
|---|---|---|
Admiral King Elementary School 720 Washington Avenue, Lorain, OH 44052 | K-6 | 0.2 mi |
General Johnnie Wilson Middle School 2700 Washington Avenue, Lorain, OH 44052 | 7-8 | 1.3 mi |
Lorain High School 2600 Ashland Avenue, Lorain, OH 44052 | 9-12 | 1.3 mi |
New Beginnings 2600 Ashland Avenue, Lorain, OH 44052 | 5-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1101 W 5th St
Date
Details
Price
Change
Source
10/02/2026
Listed
$159,900
60.06%
MLS
6/01/2022
Sold
$99,900
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1101 W 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,423
4%
$36,285
38%
2023
$1,368
—
$26,230
—
2022
$1,374
—
$26,230
—
2021
$1,374
-31%
$26,230
13%
2020
$1,999
44%
$23,190
—
2019
$1,391
—
$23,191
—
2018
$1,391
-10%
$23,191
-5%
2017
$1,554
1%
$24,420
—
2016
$1,542
6%
$24,420
—
2015
$1,456
8%
$24,420
8%
2014
$1,346
1%
$22,610
—
2013
$1,336
—
$22,610
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1101 W 5th St
1101 W 5th Street, Lorain, OH 44052 (MLS# 5249688) is a Duplex property with 4 bedrooms and 2 full bathrooms. 1101 W 5th Street is currently listed for $159,900 and was received on October 02, 2026. Want to learn more about 1101 W 5th Street? Do you have questions about finding other Duplex real estate for sale in Lorain? You can browse all Lorain real estate or contact a Coldwell Banker agent to request more information.
