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.
For sale
Price cut: $36K (8/7)
$299,000
1150 W 5th St, Lorain, OH 44052
12beds
3,900sqft
Est.:
Quadruplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$77/sqft
$-- HOA
What's special
Three bedroomsOne bathroomSpacious layoutsOn-site parkingPrivate basement
- 36 days
- on Zillow |
- 840 |
- 53 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 09:01am
Listing Provided by:
Jeffrey McManamon 440-227-6739 jeff@hotdoors.com,
Hotdoors, LLC,
Christopher Leo 216-299-0459,
Hotdoors, LLC
Source: MLS Now,MLS#: 5138207
Originating MLS: Medina County Board of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Gas
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total structure area: 3,900
- Total interior livable area: 3,900 sqft
- Finished area above ground: 3,900
Video & virtual tour
Property
Parking
- Parking features: On Site
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969.6 Square Feet
Details
- Parcel number: 0201006109019
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Charleston
Location
- Region: Lorain
Financial & listing details
- Price per square foot: $77/sqft
- Annual tax amount: $3,525
- Date on market: 7/9/2025
- Listing terms: Cash,Conventional
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