This newly renovated 8 suite apartment building is fully occupied with an excellent rent roll, all at or near $850/month. Each unit is a 1 bed, 1 bath and all are quite spacious! Most units have had flooring, kitchen countertops and backsplash updates, some new cabinets, new baths and fresh paint. The roof was just replaced, as well. A huge money saver maintenance-wise, these units have electric heat in the ceilings, so no boilers or furnaces to worry about and there is 1 community washer/dryer that is coin operated, generating roughly $125/month. These apartment buildings are tucked in amongst other buildings like it and there is plenty of parking for tenants in the rear of the building. This building is a dream for a landlord and at a 8.5% cap rate, a great income earner.

Based on information submitted to MLS Now as of May 15, 2026 9:38 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Name

Your Email Address

Phone

Message Send me the deed for 1505 Herbert Drive Lorain OH 44053 (ID#:5204706)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 1505 Herbert Drive Lorain OH 44053 (ID#:5204706)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 1505 Herbert Drive Lorain OH 44053 (ID#:5204706)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details of 1505 Herbert Drive

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Community

Schools

Other Details

Water

Map Location

Listing Tools

Hi there! How can we help you?

Property Details of 1505 Herbert Drive

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Community

Schools

Other Details

Water

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?