Date
Details
Price
Change
Source
12/15/2025
Sold
$230,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$230,000
Property Description
1150 West 5th Street in Lorain is a solid investment opportunity for anyone looking to add value and grow their rental portfolio. This four-unit property features spacious layouts, with each unit offering three bedrooms and one bathroom at just under 1,000 square feet. While it is a fixer-upper in need of renovation, it provides the ideal blank slate to customize and increase future rental income. Each unit includes a private basement for tenant storage and convenient on-site parking. The location is a major highlight, with close proximity to downtown Lorain, Black River Landing for concerts and events, and less than half a mile from beautiful Lake Erie. With strong potential in an area poised for continued growth, 1150 West 5th Street is ready for an investor with vision to make it shine.
Full Property Details
Full Property Details for 1150 W 5th St
General
- Sold For: $230,000
- Taxes: $3,525 (2024)
- Status: Closed
- Type: Multi-Family
- Source: 505
- MLS ID: 5138207
- Added to Site: 30 day(s) ago
Interior
- Number of Rooms: 24
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 12
Parking
- Parking Features: On Site
Location
- County: Lorain
- Township: Lorain
- Subdivision: Charleston
- Driving Directions: South of 6
School Information
- Elem School District: Lorain CSD - 4709
- Midd School District: Lorain CSD - 4709
- High School District: Lorain CSD - 4709
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt
- Stories/Levels: 2
- Square Feet: 3,900
- Living Area: 3,900 Sq. Ft.
- Finished Above Grnd: 3,900 Sq. Ft.
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.16
- Lot Size: .16
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $3,525
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: O P C 67.83 X 163
- Property ID: 02-01-006-109-019
Listed by Hotdoors, LLC, Jeffrey McManamon and Hotdoors, LLC, Christopher Leo
Sold by RE/MAX Revealty, Drew Dickson
Listing agents
— 1150 W 5th St —
Jeffrey McManamon
Hotdoors, LLC
Christopher Leo
Hotdoors, LLC
jeff@hotdoors.com, 440-227-6739
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1150 W 5th St
School District:Lorain City School District
| Name | Grades | Distance |
|---|---|---|
Admiral King Elementary School 720 Washington Avenue, Lorain, OH 44052 | K-6 | 0.3 mi |
Longfellow Middle School 305 Louisiana Avenue, Lorain, OH 44052 | 7-8 | 1.6 mi |
Lorain High School 2600 Ashland Avenue, Lorain, OH 44052 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1150 W 5th St
1150 W 5th Street, Lorain, OH 44052 (MLS# 5138207) is a Multi-Family property that was sold at $230,000 on December 15, 2025. Want to learn more about 1150 W 5th Street? Do you have questions about finding other Multi-Family real estate for sale in Lorain? You can browse all Lorain real estate or contact a Coldwell Banker agent to request more information.