Date
Details
Price
Change
Source
4/29/2026
Listed
$160,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$160,000
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Property Description
Value-add opportunity with immediate lease-up potential at 407 W 22nd St in Lorain, offered exclusively as part of a 19-unit portfolio-no individual sales. This two-unit property features one occupied unit generating $995 per month with a lease in place through 3/31/26, while the second unit is currently vacant, providing upside through stabilization. Utilities are structured with the tenant responsible for electric and the owner covering water, sewer, and trash. The property offers a functional layout with solid rental demand in the area, supporting continued occupancy. A strong addition to a larger portfolio, this asset combines in-place income with near-term growth potential.
Full Property Details
Full Property Details for 407 W 22nd St
General
- Price: $160,000
- Taxes: $1,404 (2025)
- Status: Active
- Type: Duplex
- Source: 505
- MLS ID: 5205297
- Updated: 4/29/2026
- Added to Site: 27 day(s) ago
Interior
- Number of Rooms: 10
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Detached, Garage
Location
- County: Lorain
- Township: Lorain
- Subdivision: Gilbert Hogans 03
- Driving Directions: Lorain County
School Information
- Elem School District: Lorain CSD - 4709
- Midd School District: Lorain CSD - 4709
- High School District: Lorain CSD - 4709
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- Sewer: Other
- Water: Other
Structural Information
- # Buildings: 1
- Construction: Other
- Basement: Yes
- Basement Desc.: Other
- Roof: Other
- Stories/Levels: 2
- Year Built: 1900
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.17
- Lot Size: .17
- Lot Size Source: Appraiser
Financial Considerations
- Tax Amount: $1,404
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: HOGAN 50 X 150
- Property ID: 02-01-003-171-014
Listed by Russell Real Estate Services, Tal Tamir and Russell Real Estate Services, Benjamin Peleg
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 407 W 22nd St —
Tal Tamir
Russell Real Estate Services
Benjamin Peleg
Russell Real Estate Services
tal@premierclevelandinvesting.com, 216-870-8687
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 407 W 22nd St
School District:Lorain City School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Lorain, OH 1025 West 23rd Street, Lorain, OH 44052 | K-6 | 0.6 mi |
General Johnnie Wilson Middle School 2700 Washington Avenue, Lorain, OH 44052 | 7-8 | 0.6 mi |
Lorain High School 2600 Ashland Avenue, Lorain, OH 44052 | 9-12 | 1.1 mi |
New Beginnings 2600 Ashland Avenue, Lorain, OH 44052 | 5-12 | 1.1 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 407 W 22nd St
Tax History
Tax History for 407 W 22nd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,478
18%
$34,965
48%
2023
$1,251
-4%
$23,671
—
2022
$1,302
5%
$23,670
—
2021
$1,240
-2%
$23,670
13%
2020
$1,262
1%
$20,930
—
2019
$1,255
—
$20,930
—
2018
$1,256
5%
$20,930
12%
2017
$1,192
1%
$18,729
—
2016
$1,182
6%
$18,729
—
2015
$1,117
8%
$18,729
8%
2014
$1,032
1%
$17,343
—
2013
$1,024
—
$17,343
—
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 407 W 22nd St
407 W 22nd Street, Lorain, OH 44052 (MLS# 5205297) is a Duplex property with 4 bedrooms and 2 full bathrooms. 407 W 22nd Street is currently listed for $160,000 and was received on April 29, 2026. Want to learn more about 407 W 22nd 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.