Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$159,900 Contingent

  • For Sale
  • Contingent
  • Duplex
  • 4 Beds
  • 2 Full Baths
  • 2,688 Sq. Ft.
  • 0.17 Acres
See This Home
Save This Home
See This Home
Save This Home
Discover a fantastic turnkey investment opportunity in the desirable Homewood subdivision of Lorain. This well-maintained side-by-side duplex offers two spacious, fully leased units-each featuring 2 bedrooms, 1 full bathroom, a generous living area, and an eat-in kitchen. Both units have access to private basements with laundry hookups and abundant storage space. Currently generating a combined monthly rental income of $1,700, this property provides immediate cash flow with tenants in place under lease agreements. Both units have recently undergone renovations, enhancing appeal and tenant satisfaction. Tenants pay all utilities except water, sewer, and trash, maximizing profitability. This property is part of a four-unit package-sold together with adjacent duplexes at 2315 and 2317 Homewood-sharing a convenient driveway with plenty of parking, offering a unique opportunity to expand your rental portfolio. With its strong rental income, recent upgrades, and prime location, this investment promises long-term growth, stability, and excellent returns for savvy investors looking to capitalize on Lorain's rental market.

Full Property Details for 2323/2325 Homewood Dr

General

  • Price: $159,900
  • Taxes: $2,055 (2024)
  • Status: Contingent
  • Type: Duplex
  • Source: 505
  • MLS ID: 5155557
  • Updated: 12/31/2025
  • Added to Site: 93 day(s) ago

Interior

  • Number of Rooms: 8
  • Interior Features: Ceiling Fan(s), Laminate Counters, Natural Woodwork
  • Appliances: Microwave, Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement

Parking

  • Parking Features: Asphalt, Gravel

Location

  • County: Lorain
  • Township: Lorain
  • Subdivision: Homewood Add
  • Driving Directions: 1 block East of Rt. 57

School Information

  • Elem School District: Lorain CSD - 4709
  • Midd School District: Lorain CSD - 4709
  • High School District: Lorain CSD - 4709

Heating & Cooling

  • Cooling Type: Ceiling Fan(s)
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Full, Sump Pump
  • Roof: Asphalt
  • Windows: Aluminum Frames
  • Stories/Levels: 2
  • Square Feet: 2,688
  • Living Area: 2,688 Sq. Ft.
  • Finished Above Grnd: 1,792 Sq. Ft.
  • Finished Below Grnd: 896 Sq. Ft.
  • Year Built: 1951
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size: .17
  • Lot Size Source: Owner

Financial Considerations

  • Tax Amount: $2,055
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: HOMEWOOD 50 X 150
  • Property ID: 03-00-080-104-013

Listed by Ohio Property Group, LLC, Glen G Whitten

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 2323/2325 Homewood Dr —

  • Glen G Whitten

    Ohio Property Group, LLC

419-790-3106, support@ohiomlsflatfee.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 2323/2325 Homewood Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/16/2025
Listed
$159,900
77.67%
MLS
10/27/2022
Sold
$90,000
—
Public Record
Get Price Alerts and Save Property
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 for 2323/2325 Homewood Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,056
25%
$48,650
56%
2023
$1,645
1%
$31,140
—
2022
$1,631
—
$31,140
—
2021
$1,631
8%
$31,140
24%
2020
$1,512
1%
$25,070
—
2019
$1,503
—
$25,071
—
2018
$1,504
54%
$25,071
63%
2017
$977
1%
$15,362
—
2016
$970
6%
$15,362
—
2015
$916
5%
$15,362
4%
2014
$875
-39%
$14,701
-39%
2013
$1,432
—
$24,235
—
View All
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 for 2323/2325 Homewood Dr

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Ohio Property Group, LLC, Glen G Whitten

2323/2325 Homewood Drive, Lorain, OH 44055 (MLS# 5155557) is a Duplex property with 4 bedrooms and 2 full bathrooms. 2323/2325 Homewood Drive is currently listed for $159,900 and was received on October 16, 2025. Want to learn more about 2323/2325 Homewood Drive? 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.

Tour this property