$1,246 Closing Credit¹
#5099871, Matthew P Klein, Listing Office: Walnut Creek Realty, LLC.
$95,000 List price
1222 W 5th St Lorain, OH 44052
$1,128
Closing credit¹
4 beds
2 full
3,378 sqft
0.2 acres
$28 / sqft
Multi-Family
Property details
About 1222 W 5th St
Nice opportunity awaits the investor looking to put their mark on this property. Tenant upstairs is MTM with rent at $800 and pays electric and gas. Down unit vacant at present as tenant bought a house. Even flowing floorplan with ample size on first floor. Some updates/rehab needed but mostly cosmetic and some plumbing in bsmt. Good sized backyard with some fencing and rear deck. Dimensional shingled roof, huge 2+ bay garage with lots of storage. Partially finished basement accessible from downstairs unit. Tenant upstairs would like to stay but ready for a first floor unit somewhere....etc. Third floor attic could be further finished for additional living space. Side street location, off street parking with drive. Front porch. Can be a good income generator with some renovation/updates. Seller will not make any repairs regardless of any inspection or appraisal results. Conventional, rehab loan, DSCR, cash preferred. Quicker close. Tenant pays on time. Buyers to perform own due diligence regarding condition, parcel data and property information.
Highlights
Home typeDuplex
HeatingElectric, Natural Gas, Hot Water, Steam
StatusActive
CoolingCeiling Fan(s), None
Size3,378 sqft
BasementYes
Lot size0.223 Acres
Year built1900
ParkingDetached, Electricity, Garage, Paved
MLS #5110032
Garage2 spaces
Summary
- MLS Number: 5110032
- MLS Name: NOWDD
- Office Name: Realtywise, Inc.
- Office Email: rbauer@realtywise.com
- Listing Agent: Rebecca L Bauer
Copyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/3/2025, 6:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$95,000
1222 W 5th St
$1,128
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 30, 2024 | Home Sold | $80,000 |
| Nov 27, 2019 | Home Sold | $821,000 |
| Aug 22, 2011 | Home Sold | $25,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $24,654 | $1,302 |
| 2022 | $24,650 | $1,291 |
| 2021 | $24,650 | $1,291 |
| 2020 | $21,800 | $1,314 |
| 2019 | $21,799 | $1,307 |
| 2018 | $21,799 | $1,307 |
| 2017 | $17,931 | $1,140 |
History based on county public records data.
Nearby schools
3
Constellation Schools: Lorain Community Elementary School
Public Charter KG-4
0.2 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
1.1 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 $48,636. Residents of Lorain, OH typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
40%
<35k
46%
35k-100k
14%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
21%
Single, with Kids
19%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
10%
12-17 yrs old
22%
18-34 yrs old
41%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Horse Races
Where do the neighbors shop?
Family Dollar
Burlington
Stein Mart
Where do the neighbors go to eat?
White Castle
Church's Chicken
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Buick
Kia
What do the neighbors listen to?
Rock
Urban Adult Contemporary
Contemporary Inspirational
All data provided by Home Junction and Claritas
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This home is located at 1222 W 5th St in Lorain, OH and zip code 44052. This 3,378 square foot home, which was built in 1900, sits on a 0.22 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 27, 2025 and is currently priced at $95,000.
Lorain, OH housing market in March 2025 saw over 18 listings sold above listed price, more than 4 sold at listed price and over 25 sold below. In March 2025 in Lorain, OH there were 10.6% more homes for sale than in February. In March 2025, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $149,983.
From Rocket Homes Real Estate and based on county public records data.