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380 N Ridge Road W, Lorain, OH 44053

$245,000
  • 380 N Ridge Road W, Lorain, OH 44053 Main Photo
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New to the Market Active
BEDS5 BATHS3 full SQUARE FEET4,550 MLS#5192185
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISION30114-Lorain/Clearview SCHOOLClearview Local

Property Description

Rare 3-unit multi-family opportunity in Lorain County offering both income potential and exceptional flexibility! The first floor features approximately 1,600 square feet of open space, making it ideal for an owner's suite, home-based business, office space, or conversion into an additional rental unit. The second floor includes two separate units, each offering 2 bedrooms, 1 full bath, an eat-in kitchen, and spacious living areas, totaling approximately 1,100 square feet. Both units were previously rented for around $900 per month (under market value for today's rental pricing), providing strong potential for steady residual income. Situated on 6.24 acres of country property, this parcel offers incredible possibilities for the right buyer- whether you're looking to expand rental income, run a business, or enjoy the privacy and flexibility of rural living. Conveniently located just off Broadway and State Route 2, this property combines accessibility with space and opportunity. This home is in need of repairs and is being Sold As-Is and priced accordingly. A unique investment with multiple income streams and room to grow- schedule your showing today! ***Note This property is being offered subject to the lot split in the photos and also in the attachments. It will be recorded prior to title transfer. ***

380 N Ridge Road W | MLS# 5192185

This multi-family property located at 380 N Ridge Road W, Lorain, OH 44053 is currently listed for sale with an asking price of $245,000. N Ridge Road W is located within the Clearview Local school district. Search Lorain real estate on sheenaedwards.johnyoderteam.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Other, Window Unit(s)
Garage: 1 car attached
Heating: Electric, Forced Air, Gas
Lot Size: 6.24 Acres
Roof Type: Asphalt, Fiberglass, Shingle
Stories: 2.0
Taxes: $2,767 / year
Year Built: 1978

Amenities

Eat-in Kitchen

Feature Descriptions

Exterior: Aluminum Siding
Laundry: In Unit
Lot: Wooded
Parcel#: 02-01-003-262-025
Parking: Attached, Driveway, Garage, On Site, Unpaved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Clearview Local

Listed By / Shown By

Listed By

Agency Name: LoFaso Real Estate Services
Agency Contact: 330-220-4780, sold@samlofaso.com

Shown By

Agent Name: Sheena Edwards
Agent Phone: Cell: (614) 207-8278
Agency Title: Key Realty

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Estimated Payment

$ 1,672.50 per month $1,370.46 Principal & Interest $230.58 Property Tax $71.46 Homeowner's Insurance

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