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$275,000

  • For Sale
  • Active
  • Multi-Family
  • 9 Total Beds
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Excellent investment opportunity featuring a fully occupied four-unit property in Lorain. This quadplex offers four separate units, providing diversified rental income and strong appeal for investors seeking to add an income-producing asset to their portfolio. The property is fully occupied, allowing a new owner to take over an established rental operation from day one. Conveniently located near shopping, dining, schools, parks, and major roadways, this property offers easy access throughout Lorain and surrounding communities.

Full Property Details for 818-824 S Central Dr

General

  • Price: $275,000
  • Taxes: $2,971 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: 505
  • MLS ID: 5231802
  • Updated: 7/30/2026
  • Added to Site: 32 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 9

Parking

  • Parking Features: Driveway, On Street

Location

  • County: Lorain
  • Township: Lorain
  • Subdivision: Central Park Homes
  • Driving Directions: Take I-90 West from Downtown Cleveland toward Lorain. Continue toward S Central Drive and follow local roads to the property.

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: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Asphalt, Fiberglass
  • Stories/Levels: 2
  • Square Feet: 3,624
  • Living Area: 3,624 Sq. Ft.
  • Finished Above Grnd: 3,624 Sq. Ft.
  • Year Built: 1943
  • Year Built Source: Public Records
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 0.33
  • Lot Size: .33
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $2,971
  • Tax Year: 2025
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: CENTRAL PARK HOMES FRNT 101.09 X 130 LOT # 37
  • Property ID: 02-01-006-160-016

Listed by EXP Realty, LLC., Darren T Mancuso and EXP Realty, LLC., Noah Corapi

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Listing agents

— 818-824 S Central Dr —

  • Darren T Mancuso

    EXP Realty, LLC.

  • Noah Corapi

    EXP Realty, LLC.

noah@mancusohomes.com, 814-403-0018

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 818-824 S Central Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/30/2026
Listed
$275,000
103.7%
MLS
10/18/2021
Sold
$135,000
—
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 818-824 S Central Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,971
—
$47,630
—
2025
$2,971
45%
$47,628
82%
2023
$2,055
1%
$26,152
—
2022
$2,035
—
$26,160
—
2021
$2,044
-3%
$26,160
—
2020
$2,101
1%
$26,160
—
2019
$2,083
2%
$26,152
—
2018
$2,044
-16%
$26,152
-7%
2017
$2,441
1%
$28,242
—
2016
$2,410
5%
$28,242
—
2015
$2,297
1%
$28,242
—
2014
$2,271
—
$28,242
—
2013
$2,276
—
$28,242
—
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 EXP Realty, LLC., Darren T Mancuso and EXP Realty, LLC., Noah Corapi

818-824 S Central Drive, Lorain, OH 44052 (MLS# 5231802) is a Multi-Family property with units containing 9 bedrooms and 4 full bathrooms. 818-824 S Central Drive is currently listed for $275,000 and was received on July 30, 2026. Want to learn more about 818-824 S Central Drive? 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.

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