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Property Description

Excellent investment opportunity in Lorain, Ohio—a fully occupied 10-unit apartment building in a high-demand rental market with low property taxes. Each unit is a one-bedroom, one-bath, with many updates already completed, making this a low-maintenance, easy-to-manage asset. There’s additional upside with a currently unused storage area that could generate $50–$100 per month, and a small coin operated laundry room for extra income. The owner currently covers water, sewer, and gas due to the on-site boiler system. With rents significantly below market, there’s immediate potential to increase revenue by $200-$300 per unit on renewals with minimal to no upgrades required.

Features
: Hot Water, Steam
: On Site, Paved
Address Map
OH
Lorain
Lorain
28th
1888
Street
44055
W83° 52' 3.4''
N41° 26' 43''
E
Property Details
Active
Russell Real Estate Services
Tal Tamir
8,692 Sqft
2018001908
2759
03-00-095-101-022
: Flat
$3,382
09/07/2025 18:27:30
No
No
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1888 E 28th Street, Lorain, Ohio

Commercial Sale For Sale

0.29 Sqft
$474,900
Listing ID #5137926
Basic Details
Property Type : Commercial Sale
Property Sub Type : Apartment
Listing Type : For Sale
Listing ID : 5137926
Price : $474,900
Year Built : 1925
Lot Area : 0.29 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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