707 W 20th St · Lorain, OH 44052

$160,000

4 bd · 2.0 ba · 1,804 sqft · MultiFamily public records · 305 Days on market

Built 1900 6,534 sqft lot $89/sqft · 15% above area Est $139k · 15% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• ARV discount +0.6/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Welcome to 707 West 20th Street, a well-maintained duplex offering a fantastic investment opportunity in the heart of Lorain. This fully occupied property features two spacious units, one upstairs and one downstairs, each in good condition and ready for the new owner to start collecting rent from day one. The downstairs unit enjoys exclusive access to the basement and a charming front porch, perfect for relaxing outdoors. The upstairs unit features access to a private attic and a balcony, adding extra storage and outdoor space for tenants. With two separate driveways, both units have dedicated parking, enhancing convenience and tenant satisfaction. Whether you're a seasoned investor or just starting your real estate journey, this duplex offers solid rental income and long-term potential. Don't miss out on this turnkey property. Schedule your showing today!

Key facts

• Charming front porch
• Private attic
• Dedicated parking

Tags

• EXCLUSIVE ACCESS TO BASEMENT
• CHARMING FRONT PORCH
• PRIVATE ATTIC
• DEDICATED PARKING

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $160k.

Deal economics

• At list price, monthly cash flow is $716 ($9k/yr) — positive. Per door: $358/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.7% vs local median 5.7% in Lorain — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#595 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, amenities D, health & safety D.
• Lorain City (suburban): math 13% / reading 26% proficiency, ranked #633 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.1%/yr); 135 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• At $2,196/mo this rent would consume 59% of the median local household income ($45k/yr) (locally 1423% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $45k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 305 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $77k; list at $160k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 305 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.37% ✓
• Cap rate: 11.66%
• Cash-on-cash: 19.18%
• DSCR: 1.85
• GRM: 6.1

CMA / ARV

• ARV (median comp): $138,680
• List price: $160,000
• Delta: 15.37%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1031 W 17th St	0.37mi	4/2.0	1,848 (+2%)	16mo	$64,000	$35	65
1031 W 9th St	0.72mi	4/2.0	1,708 (-5%)	8mo	$87,000	$51	51
316 W 10th St	0.67mi	5/3.0 (+1)	2,072 (+15%)	6mo	$210,000	$101	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.09% rent growth · sell at horizon

5-year hold

• IRR: 12.3%
• Equity multiple: 1.49×
• Total profit: $22,101
• Equity at exit: $23,857

10-year hold

• IRR: 22.0%
• Equity multiple: 2.97×
• Total profit: $88,112
• Equity at exit: $13,834

Cash invested: $44,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 44052

• Home prices YoY: -28.1%
• Rents YoY: 4.1%
• Active inventory: 135
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $2,196 high
• Mortgage (P&I): −$839
• Tax from tax record: −$113 /mo · $1,355/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $716

Break-even live

Break-even rent $1,289

Max offer price $160,000

Occupancy floor 62%

Sensitivity live

Price	-10% $807	-5% $761	+0% $716	+5% $671	+10% $626
Rent	-10% $543	-5% $629	+0% $716	+5% $803	+10% $890
Rate	-1.0pp $797	-0.5pp $757	base $716	+0.5pp $675	+1.0pp $633

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,196
Total (2 units)			$2,196

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
704 W 21st St Lorain, OH	4.0	1.0	1410	$1,450	$1.03	24d	1	0.07mi
1703 Oakdale Ave Lorain, OH	3.0	1.0	1237	$1,300	$1.05	4d	1	0.21mi
930 W 18th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	44d	1	0.27mi
128 W 22nd St Lorain, OH	3.0	1.0	1402	$1,470	$1.05	44d	1	0.36mi
1037 Washington Ave Lorain, OH	4.0	2.0	1567	$1,600	$1.02	18d	1	0.55mi
336 W 29th St Lorain, OH	3.0	1.0	1440	$1,350	$0.94	44d	1	0.60mi
1220 W 19th St Lorain, OH	4.0	1.0	1492	$1,550	$1.04	24d	1	0.64mi
760 W 9th St Lorain, OH	4.0	2.0	1987	$1,600	$0.81	44d	1	0.66mi
2715 Apple Ave Lorain, OH	3.0	1.0	1240	$1,311	$1.06	44d	1	0.70mi
1322 Brownell Ave Lorain, OH	4.0	1.0	1571	$1,570	$1.00	44d	1	0.78mi
200 E 31st St Lorain, OH	5.0	2.0	1562	$1,550	$0.99	2d	1	0.88mi
2909 Denver Ave Lorain, OH	3.0	1.0	1597	$1,400	$0.88	44d	1	0.93mi
1413 W 12th St Lorain, OH	4.0	1.5	1725	$1,700	$0.99	44d	1	0.94mi
1028 W 5th St Lorain, OH	3.0	2.0	1250	$1,650	$1.32	44d	1	1.01mi
1906 N Leavitt Rd Unit 1496120P Lorain, OH	3.0	2.0	1517	$5,246	$3.46	4d	1	1.49mi

Listing history 30 events

1. 2026-06-21
   days on market $160,000 Active 305 DOM
2. 2026-06-18
   days on market $160,000 Active 302 DOM
3. 2026-06-17
   days on market $160,000 Active 301 DOM
4. 2026-06-16
   days on market $160,000 Active 300 DOM
5. 2026-06-15
   days on market $160,000 Active 299 DOM
6. 2026-06-13
   days on market $160,000 Active 297 DOM
7. 2026-06-13
   days on market $160,000 Active 296 DOM
8. 2026-06-09
   days on market $160,000 Active 293 DOM
9. 2026-06-08
   days on market $160,000 Active 292 DOM
10. 2026-06-07
    days on market $160,000 Active 291 DOM
11. 2026-06-03
    days on market $160,000 Active 287 DOM
12. 2026-06-02
    days on market $160,000 Active 286 DOM
13. 2026-06-01
    days on market $160,000 Active 285 DOM
14. 2026-05-31
    days on market $160,000 Active 284 DOM
15. 2025-09-15
    price $160,000 870-char remark

    Show marketing remark (870 chars)

    Welcome to 707 West 20th Street, a well-maintained duplex offering a fantastic investment opportunity in the heart of Lorain. This fully occupied property features two spacious units, one upstairs and one downstairs, each in good condition and ready for the new owner to start collecting rent from day one. The downstairs unit enjoys exclusive access to the basement and a charming front porch, perfect for relaxing outdoors. The upstairs unit features access to a private attic and a balcony, adding extra storage and outdoor space for tenants. With two separate driveways, both units have dedicated parking, enhancing convenience and tenant satisfaction. Whether you're a seasoned investor or just starting your real estate journey, this duplex offers solid rental income and long-term potential. Don't miss out on this turnkey property. Schedule your showing today!

16. 2025-08-18
    listed $170,000 Active 870-char remark

    Show marketing remark (870 chars)

    Welcome to 707 West 20th Street, a well-maintained duplex offering a fantastic investment opportunity in the heart of Lorain. This fully occupied property features two spacious units, one upstairs and one downstairs, each in good condition and ready for the new owner to start collecting rent from day one. The downstairs unit enjoys exclusive access to the basement and a charming front porch, perfect for relaxing outdoors. The upstairs unit features access to a private attic and a balcony, adding extra storage and outdoor space for tenants. With two separate driveways, both units have dedicated parking, enhancing convenience and tenant satisfaction. Whether you're a seasoned investor or just starting your real estate journey, this duplex offers solid rental income and long-term potential. Don't miss out on this turnkey property. Schedule your showing today!

17. 2023-03-28
    price $34,000 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

18. 2020-08-25
    price $34,000 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

19. 2019-06-28
    price $34,000 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

20. 2015-05-16
    price $79,900 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

21. 2006-11-03
    soldstatus $77,000
22. 2006-06-01
    historical
23. 2006-01-04
    listed $89,900
24. 2004-04-02
    historical
25. 2003-10-02
    listed $85,900
26. 2001-04-19
    soldstatus $39,900 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

27. 2001-04-19
    soldstatus $39,900

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

28. 2000-08-11
    listed $79,900 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

29. 1998-04-24
    price $79,900 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

30. 1998-04-24
    price $79,900 75-char remark

    Show marketing remark (75 chars)

    Up + Down-duplex-natural Woodwork Thru-out Need Work-great Income Potential

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,355 · $113/mo
• Projected year-2 tax: $1,926 · $160/mo
• Expected delta: +$570/yr (+$48/mo · 42.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,352
• − Mortgage interest: −$8,962
• − Property taxes: −$1,355
• − Insurance: −$800
• − Repairs & maintenance: −$2,108
• − Management: −$2,108
• − Depreciation: −$4,655
• Taxable income: $6,363
• Est. tax owed @ 24.0%: −$1,527
• After-tax cash flow: $7,067/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lorain City
• NCES district ID: 3904426
• Math proficiency: 13% ▼ -24.00%
• Reading proficiency: 26% ▼ -10.00%
• Median HH income: $32,823
• Composite: 15.81/100
• National rank: #9266
• State rank: #633 of 656 in OH

Livability — Lorain

• Score: 67/100
• State rank: #595
• US rank: #10183

Category grades

Amenities D Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety D User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lorain, OH
• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 28,282
• Household income: $45,023
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1423.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 49% Hispanic / Latino 24% Black 21% Two or more races 16%
• Hispanic origin (detail): Mexican 5% Puerto Rican 17%
• Common ancestry: Romanian 6% Lithuanian 1% Iranian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 14%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.23%
• Current HPI: 186.9657
• Rent YoY: ▲ 4.09%
• Metro: Cleveland-Elyria, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+100.3% since first listed

16 events — show timeline

• 2025-09-15 Price Changed $160,000 MLSNOW
• 2025-08-18 Listed $170,000 MLSNOW
• 2023-03-28 Price Changed $34,000 MLSNOW
• 2020-08-25 Price Changed $34,000 MLSNOW
• 2019-06-28 Price Changed $34,000 MLSNOW
• 2015-05-16 Price Changed $79,900 MLSNOW
• 2006-11-03 Sold (Public Records) $77,000 Public Records
• 2006-06-01 Listing Removed — MLSNOW
• 2006-01-04 Listed $89,900 MLSNOW
• 2004-04-02 Listing Removed — MLSNOW
• 2003-10-02 Listed $85,900 MLSNOW
• 2001-04-19 Sold (Public Records) $39,900 Public Records
• 2001-04-19 Sold (MLS) $39,900 MLSNOW
• 2000-08-11 Listed $79,900 MLSNOW
• 1998-04-24 Price Changed $79,900 MLSNOW
• 1998-04-24 Price Changed $79,900 MLSNOW

Property tax history

+0.7%/yr

Latest (2025): $1,355 · -4.9% YoY. Source: county tax records.