407 Idaho Avenue, Lorain, OH 44052
- $175,000
- 6
- BD
- 3
- BA
- 2,940
- SqFt
- Sold Price
- $175,000
- List Price
- $199,900
- Status
- CLOSED
- Days on Market
- 35
- Closing Date
- Jul 31, 2025
- MLS#
- 5135004
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 6
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 2,940
- Acres
- 0.15
- Subdivision
- C A Sturrevants Fairhome
- Neighborhood
- C A Sturrevants Fairhome
- MLS Area Major
- Lorain
Property Description
Legal triplex with strong cash flow potential! This property includes two one-bedroom front units, each currently rented at $825/month, and a spacious four-bedroom upstairs unit that is currently vacant and ready for occupancy. Ideal for both investors and owner-occupants, it offers immediate income with room for future upside. The upstairs four-bedroom unit has been recently updated with new vinyl flooring and additional improvements throughout. A new furnace was installed in 2025, and the two front units share a large 50-gallon hot water tank, installed in 2021. All units are separately metered for electric, with shared heat and hot water for the front units. Whether you're expanding your portfolio or seeking a house hacking opportunity, this triplex offers flexibility and value.
Additional Information
- Taxes
- $2,220
- Heating
- Forced Air
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- On Site, On Street
- School District
- Lorain CSD - 4709
Listing Courtesy of: Oliver Moreau, omoreau@progressiveurban.com With Progressive Urban Real Estate Co
Selling Office: REAFCO.Mortgage Calculator
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