# 2851 Oakwood Avenue, Lorain, OH 44055

> **TL;DR:** multi-family, $265,000, built 1900. Est. $1,148/mo. Listed 162 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $265,000 |
| Year Built | 1900 |
| Lot Size | 6,098 sqft (0.14 acres) |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 162 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,148 |
| **Total** | **$1,148** |

## Property Highlights

- Built in 1900
- 0.14 acre lot

## Description

### Agent Description
Occupied and cash flowing 6 unit apartment building! This fully occupied 6 unit property is ready for the buyer looking to take advantage of a cash flowing, stabilized asset. The 6 units are grossing $4,125 currently, well over the 1% rule. The unit mix consists of (1) studio unit, (3) one bedroom units, and (2) two bedroom units. Majority of the units have been moderately updated including vinyl plank flooring, new paint, appliances, etc. Walk into stable cashflow, or raise rents to proforma / section 8 standards and get this property grossing over $4,500 per month! The owner pays water/sewer as well as gas for the hot water tanks and landscaping. Tenants are responsible for their own electricity.

## Location

- **Address:** 2851 Oakwood Avenue, Lorain, OH 44055
- **County:** Lorain
- **Neighborhood:** Sheffield Land Co
- **Coordinates:** 41.444989, -82.123604
- **Google Maps:** https://www.google.com/maps?q=41.444989,-82.123604

## Listing Agent

- **Name:** Michael Orlando
- **Brokerage:** Key Realty
- **Phone:** 2169561884
- **Email:** mjorlando1994@gmail.com

## Primary Photo

![2851 Oakwood Avenue - Primary Photo](http://lh.rdcpix.com/439b875b2efd3c9c2d87343ee9b75ebcl-f926083348r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/2851-oakwood-avenue-lorain-oh-44055-5167228)*

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**MLS#:** 5167228 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2851-oakwood-avenue-lorain-oh-44055-5167228)

---

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