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5 Beds
3 Baths

$125,000

2505 Elyria Avenue, Lorain OH, 44055

Built in1900
Property typeResidential

Overview

Active

Listed Aug 15, 2026

Updated Sep 2

Opportunity awaits with this spacious 5-bedroom, 2-bath home offering an incredible amount of space and potential. This property is a great opportunity for an investor, contractor, or family looking for a large home to make their own. The property is currently listed with the county as a duplex, although the home is presently laid out and being used as a single-family residence. With the proper work and modifications, there is potential to convert the property back into a duplex, providing an excellent opportunity for an investor or someone looking for additional income potential. Buyers should verify zoning, permitting, and conversion requirements with the appropriate local authorities. The home does need a moderate amount of work, but several projects have already been started. The main bathroom renovation is underway and is just short of the finishing touches, including tile and a vanity. All of the materials that were already purchased for the bathroom are being left with the home. The basement is partially finished and includes a bathroom, providing additional space and potential for the new owner. The property also includes a refrigerator, stove, washer, and dryer. These appliances were relatively new and in working condition and have been left at the property. With 5 bedrooms, 2 bathrooms, a large layout, duplex potential, and plenty of room to customize, this property offers numerous possibilities. Whether you're an investor looking for your next project or a family looking for a large home with room to grow, this property is worth a look. Property is being sold as-is.

$832/mo

Est. mortgage payment based on a $125,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5236858

Interior Features

Bedrooms
5
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$1,679
Tax Frequency
Annually

Courtesy of D.A.R.E

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Iconic Partners Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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