1150 W 5th St Lorain, OH 44052
Property details
About 1150 W 5th St
1150 West 5th Street in Lorain is a solid investment opportunity for anyone looking to add value and grow their rental portfolio. This four-unit property features spacious layouts, with each unit offering three bedrooms and one bathroom at just under 1,000 square feet. While it is a fixer-upper in need of renovation, it provides the ideal blank slate to customize and increase future rental income. Each unit includes a private basement for tenant storage and convenient on-site parking. The location is a major highlight, with close proximity to downtown Lorain, Black River Landing for concerts and events, and less than half a mile from beautiful Lake Erie. With strong potential in an area poised for continued growth, 1150 West 5th Street is ready for an investor with vision to make it shine.
Highlights
Summary
- Full Bathrooms: 4
- Basement: Yes
- Total Bedroom Count: 12
- Attached Garage: No
- Private Pool: No
- Parking: On Site
- Heating: Natural Gas
- Cooling: None
- List Price: $335,000
- Price/SqFt: $85
- Annual Tax Amount: $2,299
- Tax Year: 2023
- Directions: South of 6
- Year Built: 1900
- Stories: 2
- Living Area: 3,900 SqFt
- Lot Size: 0.16 Acres
- MLS Number: 5138207
- MLS Name: NOWDD
- Office Name: Hotdoors, LLC
- Office Phone: (440) 227-6739
- Office Email: jeff@hotdoors.com
- Listing Agent: Jeffrey McManamon
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/11/2025, 5:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 22, 2024 | Home Sold | $5,000,000 |
| Apr 05, 2017 | Home Sold | $1,637,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $29,271 | $2,299 |
| 2022 | $29,270 | $2,276 |
| 2021 | $29,270 | $2,287 |
| 2020 | $29,270 | $2,467 |
| 2019 | $29,271 | $2,330 |
| 2018 | $29,271 | $2,287 |
| 2017 | $24,696 | $2,134 |
History based on county public records data.
Nearby schools
3
Constellation Schools: Lorain Community Elementary School
Public Charter KG-4
0.1 mi
•1110 W 4th St
3
Admiral King Elementary School
Public District PK-5
0.3 mi
•720 Washington Ave
3
Hawthorne Elementary School
Public District PK-5
1.0 mi
•610 W 20th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,546. Typical income of Lorain, OH residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Family Dollar
Big Lots
Where do the neighbors go to eat?
Church's Chicken
White Castle
Golden Corral
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Urban Adult Contemporary
Rock
Adult Standards
Frequently asked questions
About 1150 W 5th St
The listing price of 1150 W 5th St property is $335,000.
The property 1150 W 5th St is a multi located in Lorain, Ohio, 44052.
Active Listing: 1150 W 5th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1150 W 5th St are: Constellation Schools: Lorain Community Elementary School (GreatSchools Rating 3/10), Admiral King Elementary School (GreatSchools Rating 3/10), Hawthorne Elementary School (GreatSchools Rating 3/10), Constellation Schools: Lorain Community Middle School (GreatSchools Rating 4/10), Lorain Bilingual Preparatory Academy (GreatSchools Rating 3/10), General Johnnie Wilson Middle School (GreatSchools Rating 4/10), Lorain High School (GreatSchools Rating 3/10), Horizon Science Academy Lorain (GreatSchools Rating 4/10), Clearview High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $2,299 (source: MLS/based on county public records data).
The last sale was on April 22, 2024 for $5,000,000 (source: MLS/tax record).
The property 1150 W 5th St is 3,900 SqFt (source: MLS/tax record).
The year of construction for 1150 W 5th St is 1900.
This home is located at 1150 W 5th St in Lorain, OH and zip code 44052 in the Durand's Plant of Charleston neighborhood. This 3,900 square foot home, which was built in 1900, sits on a 0.16 acre lot. Features: 12 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 9, 2025 and is currently priced at $335,000.
In June 2025, from all listings sold in Lorain, OH there were more than 29 sold above asking price, over 28 sold below and more than 7 were sold right at the asked price. The inventory of homes for sale in Lorain, OH between May and June 2025 decreased by 3.4%. While the average time on the market in June 2025 was 43 days, the median list price was $150,000.