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$140,000 Contingent

  • For Sale
  • Contingent
  • Duplex
  • 4 Beds
  • 2 Full Baths
  • 2,688 Sq. Ft.
  • 0.1722 Acres
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Great opportunity to own a spacious duplex in Lorain! Each unit offers a functional layout with an eat-in kitchen, living room, two bedrooms, and one full bathroom. One side features newer LVP flooring and new countertops, while the other side boasts new stained wood floors, an updated bathroom, and solar panels. Both units offer comfortable living spaces with convenient laundry access in the basement. A large rear parking area provides plenty of off-street parking. Whether you're looking to expand your investment portfolio or owner-occupy one unit while generating rental income from the other, this duplex offers versatility and value.

Full Property Details for 2331 Homewood Dr

General

  • Price: $140,000
  • Taxes: $1,793 (2025)
  • Status: Contingent
  • Type: Duplex
  • Source: 505
  • MLS ID: 5242387
  • Updated: 9/15/2026
  • Added to Site: 44 day(s) ago

Interior

  • Number of Rooms: 10

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Unpaved

Location

  • County: Lorain
  • Township: Lorain
  • Subdivision: Homewood
  • 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

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Forced Air, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Asphalt, Fiberglass
  • Stories/Levels: 2
  • Square Feet: 2,688
  • Living Area: 2,688 Sq. Ft.
  • Finished Above Grnd: 2,688 Sq. Ft.
  • Year Built: 1949
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.1722
  • Lot Size: .1722
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $1,793
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan
  • Owner Pays: Sewer, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Heat, Internet

Disclosures and Reports

  • Legal Description: HOMEWOOD 50.00 X 150.00 LOT # 157
  • Property ID: 03-00-080-104-014

Listed by Russell Real Estate Services, Michael P Terrigno

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Listing agent

— 2331 Homewood Dr —

  • Michael P Terrigno

    Russell Real Estate Services

michael_terrigno@yahoo.com, 440-773-4619

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

Schools serving 2331 Homewood Dr

School District:Lorain City School District
NameGradesDistance
Palm Elementary School
2319 East 34th Street, Lorain, OH 44055
K-60.3 mi
Longfellow Middle School
305 Louisiana Avenue, Lorain, OH 44052
7-83.3 mi
Lorain High School
2600 Ashland Avenue, Lorain, OH 44052
9-123.9 mi
New Beginnings
2600 Ashland Avenue, Lorain, OH 44052
5-123.9 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 2331 Homewood Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2026
Listed
$140,000
37.25%
MLS
8/23/2021
Sold
$102,000
—
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 2331 Homewood Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,793
10%
$45,745
47%
2023
$1,624
1%
$31,140
—
2022
$1,610
-1%
$31,140
—
2021
$1,631
8%
$31,140
24%
2020
$1,512
1%
$25,070
—
2019
$1,503
—
$25,071
—
2018
$1,504
-6%
$25,071
—
2017
$1,599
1%
$25,134
—
2016
$1,586
6%
$25,134
—
2015
$1,499
5%
$25,134
4%
2014
$1,431
1%
$24,053
—
2013
$1,421
—
$24,053
—
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.

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*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 Russell Real Estate Services, Michael P Terrigno

2331 Homewood Drive, Lorain, OH 44055 (MLS# 5242387) is a Duplex property with 4 bedrooms and 2 full bathrooms. 2331 Homewood Drive is currently listed for $140,000 and was received on September 04, 2026. Want to learn more about 2331 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.

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