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1150 W 5th Street

Lorain, OH 44052

12 beds
4 baths
3,900 sqft
$85 per sqft
1900 build
– on site

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.

Listing courtesy of MLS_NOW / Hotdoors, LLC

Last checked: Checking… • Last updated Jul 9, 2025 •

MLS# 5138207 —

The Building

Year Built:

1900
Year Built Source:

PublicRecords
Construction Materials:

Brick
# of Buildings:

1
Roof:

Asphalt
Levels:

Two
Stories:

2
Basement:

Unfinished
Basement:

true
Above Grade Finished Area:

3900.0
Above Grade Finished Area Source:

Realist

Interior

Rooms Total:

24

Room Dimensions

Living Area:

3900.0
Living Area Units:

SquareFeet

Financial & Terms

Possession:

Negotiable

Location

Directions:

South of 6
Longitude:

-82.184149
Latitude:

41.465025

The Property

Property Type:

ResidentialIncome
Property Subtype:

Quadruplex
Property Subtype Additional:

Quadruplex
Parcel Number:

02-01-006-109-019
Lot Size Acres:

0.16
Lot Size Area:

0.16
Lot Size Units:

Acres
Lot Size Source:

PublicRecords
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Legal Description:

O P C 67.83 X 163
Tax Annual Amount:

$3,525

Beds

Bedrooms Total:

12

Baths

Total Baths:

4
Full Baths:

4

The Listing

Listing Terms:

Cash,Conventional
Home Warranty:

false
Special Listing Conditions:

Standard
Virtual Tour URL Unbranded 3:

https://www.propertypanorama.com/1150-W-5th-Street-Lorain-OH-44052/unbranded

Heating & Cooling

Heating:

Gas
Heating:

true
Cooling:

None
Cooling:

false

Utilities

Sewer:

PublicSewer
Water Source:

Public

Schools

Elementary School District:

Lorain CSD - 4709
Middle School District:

Lorain CSD - 4709
High School District:

Lorain CSD - 4709

The Community

Subdivision Name:

Charleston
Pool Private:

false

Parking

Parking Features:

OnSite
Garage:

false
Attached Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/9/25 Jul 9, 2025	Listed / Active	MLS_NOW	$335,000

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This multifamily located in West Lorain, Lorain, OH 44052 is currently for sale for $335,000. 1150 W 5th Street is a 3,900 square foot multifamily with 12 beds and 4 baths that has been on Estately for 3 days. 1150 W 5th Street is in the West Lorain neighborhood of Lorain and has a WalkScore® of 58, making it somewhat walkable. This multifamily is in the attendance area of Lorain High School, Admiral King Elementary School, and Longfellow Middle School.

Listing Courtesy of: MLS_NOW and Hotdoors, LLC.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Estately are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The information included in this listing is exclusively 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. All information provided is deemed reliable but is not guaranteed.