407 Idaho Avenue
Lorain, OH 44052
Map
- 6 beds
- 3 baths
- 2,940 sqft
- $67 per sqft
- 1900 build
- – on site
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.
Last checked:
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Last updated Jul 3, 2025
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MLS# 5135004 —
The Building
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Year Built:1900
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Year Built Source:PublicRecords
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Construction Materials:AluminumSiding
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# of Buildings:1
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Roof:Asphalt,Fiberglass
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Levels:Two
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Stories:2
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Stories Total:2
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Basement:Unfinished
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Basement:true
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Direction Faces:West
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Above Grade Finished Area:2940.0
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Above Grade Finished Area Source:PublicRecords
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Below Grade Finished Area Source:PublicRecords
Interior
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Rooms Total:12
Room Dimensions
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Living Area:2940.0
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Living Area Units:SquareFeet
Financial & Terms
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Possession:DeliveryOfDeed
Location
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Directions:From I-90, take Exit 145 for OH-2 W toward Lorain, continue on OH-254 W/Detroit Road for about 2 miles, turn left onto Idaho Avenue, and 407 Idaho Avenue will be on the left just past 4th Street.
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Longitude:-82.162379
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Latitude:41.470865
The Property
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Property Type:ResidentialIncome
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Property Condition:Unknown
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Parcel Number:02-00-051-116-002
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Lot Size Acres:0.15
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Lot Size Area:0.15
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 536-8535
- Office phone:
- (216) 619-9696
Taxes
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Tax Year:2024
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Tax Legal Description:FAIRHOME FRNT 0050.00 DPTH 0132.00
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Tax Annual Amount:$2,220.82
Beds
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Bedrooms Total:6
Baths
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Total Baths:3
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Full Baths:3
The Listing
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Listing Terms:Cash,Conventional
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Home Warranty:false
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Special Listing Conditions:Standard
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/407-Idaho-Avenue-Lorain-OH-44052/unbranded
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School District:Lorain CSD - 4709
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Middle School District:Lorain CSD - 4709
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High School District:Lorain CSD - 4709
The Community
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Subdivision Name:C A Sturrevants Fairhome
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Pool Private:false
Parking
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Parking Features:OnSite,OnStreet
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Garage:false
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Attached Garage:false
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Carport:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/2/25
Jul 2, 2025
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Pending | MLS_NOW | $199,900 | |
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6/26/25
Jun 26, 2025
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Listed / Active | MLS_NOW | $199,900 | |
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2/18/21
Feb 18, 2021
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Sold | MLS_NOW |
