Oberlin Ave – Lorain

Description

Oberlin Ave – Lorain

Asking price: $158,000

Property Specs

• Year Built: 1930
• Square Footage: ~1,568 sq ft above grade
• Bedrooms: 4
• Bathrooms: 2
• City: Lorain, Ohio
• Property Type: Single-Family Home
• Lot Size: Approx. 5,663 sq ft
• Parking: Off-street driveway parking

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Property Highlights

• Spacious classic two-story traditional home offering generous interior square footage for a growing family or multi-tenant setup.
• Main level features a large living room, eat-in kitchen area, a second full bathroom, and a dedicated laundry room with additional storage.
• Unique layout featuring a double staircase leading from the front and kitchen areas up to the upper floor.
• Four well-sized bedrooms and a full bathroom positioned on the second level for maximum privacy.
• Kitchen opens directly outside to a side porch leading to a private backyard.
• Full basement providing abundant extra storage space and utility access.

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Neighborhood & Location Benefits

• Conveniently located in central Lorain close to Lake Erie, local parks, and waterfront recreation.
• Walking distance to Admiral King Elementary School and minutes from middle/high schools.
• Quick access to Route 611, Route 57, and I-90 for efficient daily travel through Lorain County and toward Cleveland.
• Close proximity to neighborhood dining, shopping, and everyday conveniences along Oberlin Avenue and Broadway.

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School District

• Located within the Lorain City School District — with nearby options including Admiral King Elementary School.

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Investment Appeal

• High cash-flow potential: Large 4-bedroom homes in this area comfortably command $1,300+ per month in rental income.
• Strong layout: Dual-staircase floor plan and 4-bedroom configuration increase appeal for large families or workforce housing.
• Value-add opportunity: Strategic cosmetic updates can unlock significant equity and maximize rental yields.
• Affordable buy-in: Accessible price point in Lorain County’s active cash-flow market.

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Why Buyers Will Love It

• Generous 1,500+ sq ft footprint with 4 bedrooms and 2 full bathrooms
• Main-floor laundry room and second full bath for convenience
• Unique interior architectural character with a dual-staircase design
• Full basement and side porch adding functional living and storage space
• Convenient access to local schools, Lake Erie parks, and major highways