1653 E 31st Street
Lorain, OH 44055
- 6 beds
- 2 baths
- 3,388 sqft
- $29 per sqft
- 1975 build
- – on site
Investment Opportunity in Lorain! Spacious 3-Bedroom Duplex with Strong Rental Potential Don’t miss this excellent investment opportunity in Lorain! This duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and an additional toilet in the utility/laundry room—a rare bonus for added convenience. Each unit is 1,144 sq ft, providing plenty of living space, and both are all-electric with separate electric services, giving tenants control of their own utilities. With a little TLC, this property has amazing rental income potential—perfect for a handyman, first-time investor, or seasoned pro looking to expand their portfolio. Conveniently located near schools and just minutes from highways, downtown Lorain, restaurants, beaches, marinas, and parks, this property offers easy access to the area's best amenities—making it highly attractive to potential renters. Whether you're looking to live in one unit and rent out the other, or rent out both for consistent cash flow, this is a solid investment you won’t want to miss!
Last checked:
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Last updated Apr 11, 2025
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MLS# 5113990 —
The Building
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Year Built:1975
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Year Built Source:PublicRecords
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Construction Materials:WoodSiding
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Levels:One
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Stories:1
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Roof:Asphalt,Fiberglass
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Basement:Full,Finished
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Basement:true
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# of Buildings:1
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Above Grade Finished Area:2288.0
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Above Grade Finished Area Source:Realist
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Below Grade Finished Area:1100.0
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Below Grade Finished Area Source:Realist
Interior
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Rooms Total:10
Room Dimensions
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Living Area:3388.0
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Living Area Units:SquareFeet
Location
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Directions:FULTON RD TO E 31st St.
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Latitude:41.44244871
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Longitude:-82.14338397
The Property
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Parcel Number:03-00-096-103-035
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Property Type:ResidentialIncome
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Lot Size Acres:0.23
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Lot Size Area:0.23
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Lot Size Units:Acres
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Lot Size Source:PublicRecords
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (440) 340-1804
- Office phone:
- (440) 282-4444
Taxes
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Tax Year:2024
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Tax Legal Description:SHEFFIELD LAND CO & VAC ALLEY 50 X 200 UPDATE LEGAL 1/26/10- LEGAL NEEDS TO BE ONE LEGAL DESC OR SPLIT, PER TAX MAP
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Tax Annual Amount:$1,611.26
Beds
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Bedrooms Total:6
Baths
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Total Baths:2
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Full Baths:2
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/1653-E-31st-Street-Lorain-OH-44055/unbranded
Heating & Cooling
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Heating:None
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Heating:false
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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:Sheffield Land Co
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Pool Private:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Driveway
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 |
---|---|---|---|---|
4/11/25
Apr 11, 2025
|
Listed / Active | MLS_NOW | $99,900 |