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$474,900
39 Days On Site

1888 E 28th Street
Lorain, OH 44055

For Sale|Apartment|Pending
0
Beds
0
Total Baths
8,692
SqFt
$55
/SqFt
1925
Built
Subdivision:
Sheffield Land & Improv C
County:
Lorain

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1888 E 28th Street1888 E 28th Street1888 E 28th Street1888 E 28th Street
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Excellent investment opportunity in Lorain, Ohio—a fully occupied 10-unit apartment building in a high-demand rental market with low property taxes. Each unit is a one-bedroom, one-bath, with many updates already completed, making this a low-maintenance, easy-to-manage asset. There's additional upside with a currently unused storage area that could generate $50–$100 per month, and a small coin operated laundry room for extra income. The owner currently covers water, sewer, and gas due to the on-site boiler system. With rents significantly below market, there's immediate potential to increase revenue by $200-$300 per unit on renewals with minimal to no upgrades required.

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Listing Snapshot
Price 
$474,900
Days On Site 
39 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,692 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.29 Acres
Year Built 
1925
MLS® Number 
5137926
Status 
Pending
Property Tax 
$3,382
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
6 days agoStatus changed to Pending
6 days agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.29
Parking 
On SitePaved
Property Sub Type 
Apartment
Special Circumstances 
Standard
SqFt Total 
8692
Interior Features
Heating 
Hot WaterSteam
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Exterior Features
Roof 
Flat
Community Features
Financing Terms Available 
CashConventional
School District 
Lorain CSD - 4709
Township 
Lorain
Schools
School District
Lorain CSD - 4709
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Tal Tamir of Russell Real Estate Services



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 are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2025 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
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