1143 W 9th St · Lorain, OH 44052

$145,000

4 bd · 2.0 ba · 1,784 sqft · MultiFamily public records · 22 Days on market

Built 1900 7,405 sqft lot

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Why this score? — see what drove the B- 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 +9.2/10.0
• ARV discount +7.5/15.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• 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

HUD Case #412-508859. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations (where required). Have you been looking for a way to enter the world of real estate investing? Look no more! This 2-family home is very affordably priced and waiting for a new owner. The spacious main level is almost move-in ready and would make a great owner’s suite while renting out the upper level. Won’t last at this price! Schedule your showing today! See Attached PLD & PCR For Details of repairs needed.

Key facts

• 7,405 sq ft lot
• Built 1900
• Listed 22 days

Tags

• DUPLEX INVESTMENT OPPORTUNITY
• TENANT OCCUPIED PROPERTY
• IMMEDIATE RENTAL INCOME
• FUNCTIONAL LIVING SPACE

Property features AI

Finance

• Other: Annual tax amount reported
• Financial info: Owner pays: Other

Exterior

• Parking: On-site parking
• Utilities: Public water service; Public sewer service
• Home design: 2-story home; Vinyl siding exterior; Asphalt roof
• Construction: Built per public records; Vinyl siding construction
• Exterior features: Public water; Public sewer; Lot of approximately 0.17 acres

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Gas heating
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $145k.

Deal economics

• At list price, monthly cash flow is $693 ($8k/yr) — positive. Per door: $346/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $143k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.0% vs local median 5.9% 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); 129 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 $2,052/mo this rent would consume 55% 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 $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $41k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 32y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $90k; list at $145k implies a 61% 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 $142,825 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.42% ✓
• Cap rate: 12.03%
• Cash-on-cash: 20.48%
• DSCR: 1.91
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $85,632
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1031 W 9th St	0.19mi	4/2.0	1,708 (-4%)	8mo	$87,000	$51	77
356 Oberlin Ave	0.37mi	4/2.0	1,887 (+6%)	6mo	$52,000	$28	68
321 W 8th St	0.43mi	4/2.0	1,922 (+8%)	7mo	$109,000	$57	61
1320 W 7th St	0.26mi	4/2.0	1,986 (+11%)	10mo	$120,000	$60	61
1031 W 17th St	0.48mi	4/2.0	1,848 (+4%)	16mo	$64,000	$35	58
1126 W Erie Ave	0.46mi	3/2.0 (-1)	1,684 (-6%)	15mo	$80,000	$48	52
1226 W Erie Ave	0.41mi	4/3.0	1,938 (+9%)	18mo	$65,000	$34	47

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: 13.9%
• Equity multiple: 1.56×
• Total profit: $22,899
• Equity at exit: $21,620

10-year hold

• IRR: 23.5%
• Equity multiple: 3.12×
• Total profit: $86,255
• Equity at exit: $12,537

Cash invested: $40,600 (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: 129
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $2,052 high
• Mortgage (P&I): −$760
• Tax from tax record: −$107 /mo · $1,288/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $693

Break-even live

Break-even rent $1,175

Max offer price $145,000

Occupancy floor 61%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,052
Total (2 units)			$2,052

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1037 Washington Ave Lorain, OH	4.0	2.0	1567	$1,600	$1.02	17d	1	0.30mi
1322 Brownell Ave Lorain, OH	4.0	1.0	1571	$1,570	$1.00	44d	1	0.34mi
1028 W 5th St Lorain, OH	3.0	2.0	1250	$1,650	$1.32	44d	1	0.34mi
760 W 9th St Lorain, OH	4.0	2.0	1987	$1,600	$0.81	44d	1	0.35mi
1413 W 12th St Lorain, OH	4.0	1.5	1725	$1,700	$0.99	44d	1	0.42mi
1220 W 19th St Lorain, OH	4.0	1.0	1492	$1,550	$1.04	23d	1	0.56mi
930 W 18th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	44d	1	0.56mi
1703 Oakdale Ave Lorain, OH	3.0	1.0	1237	$1,300	$1.05	3d	1	0.69mi
704 W 21st St Lorain, OH	4.0	1.0	1410	$1,450	$1.03	23d	1	0.86mi
1906 N Leavitt Rd Unit 1496120P Lorain, OH	3.0	2.0	1517	$5,246	$3.46	3d	1	1.10mi
128 W 22nd St Lorain, OH	3.0	1.0	1402	$1,470	$1.05	44d	1	1.12mi
336 W 29th St Lorain, OH	3.0	1.0	1440	$1,350	$0.94	44d	1	1.40mi

Listing history 33 events

1. 2026-06-18
   days on market $145,000 Active 22 DOM
2. 2026-06-17
   days on market $145,000 Active 21 DOM
3. 2026-06-16
   days on market $145,000 Active 20 DOM
4. 2026-06-15
   days on market $145,000 Active 19 DOM
5. 2026-06-13
   days on market $145,000 Active 17 DOM
6. 2026-06-13
   days on market $145,000 Active 16 DOM
7. 2026-06-09
   days on market $145,000 Active 13 DOM
8. 2026-06-08
   days on market $145,000 Active 12 DOM
9. 2026-06-07
   days on market $145,000 Active 11 DOM
10. 2026-06-03
    days on market $145,000 Active 7 DOM
11. 2026-06-02
    days on market $145,000 Active 6 DOM
12. 2026-06-01
    days on market $145,000 Active 5 DOM
13. 2026-05-31
    days on market $145,000 Active 4 DOM
14. 2026-05-27
    listed $145,000 Active
15. 2025-06-21
    historical $850
16. 2025-05-20
    listed $850
17. 2025-05-03
    historical $850
18. 2025-05-01
    listed $850
19. 2024-12-17
    historical $850
20. 2024-11-27
    listed $850
21. 2024-11-17
    historical $850
22. 2024-10-03
    listed $850
23. 2023-10-08
    historical $750
24. 2023-10-07
    listed $750
25. 2021-12-20
    soldstatus $89,950
26. 2018-08-06
    soldstatus $14,100 Sold 742-char remark

    Show marketing remark (742 chars)

    HUD Case #412-508859. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations (where required). Have you been looking for a way to enter the world of real estate investing? Look no more! This 2-family home is very affordably priced and waiting for a new owner. The spacious main level is almost move-in ready and would make a great owner’s suite while renting out the upper level. Won’t last at this price! Schedule your showing today! See Attached PLD & PCR For Details of repairs needed.

27. 2018-06-23
    status Pending 742-char remark

    Show marketing remark (742 chars)

    HUD Case #412-508859. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations (where required). Have you been looking for a way to enter the world of real estate investing? Look no more! This 2-family home is very affordably priced and waiting for a new owner. The spacious main level is almost move-in ready and would make a great owner’s suite while renting out the upper level. Won’t last at this price! Schedule your showing today! See Attached PLD & PCR For Details of repairs needed.

28. 2018-06-18
    historical Contingent 742-char remark

    Show marketing remark (742 chars)

    HUD Case #412-508859. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations (where required). Have you been looking for a way to enter the world of real estate investing? Look no more! This 2-family home is very affordably priced and waiting for a new owner. The spacious main level is almost move-in ready and would make a great owner’s suite while renting out the upper level. Won’t last at this price! Schedule your showing today! See Attached PLD & PCR For Details of repairs needed.

29. 2018-06-01
    listed $14,000 Active 742-char remark

    Show marketing remark (742 chars)

    HUD Case #412-508859. HUD Properties Are Sold As Is, Without Any Guarantee Or Warranty By Seller. Buyer Is Advised To Perform Their Own Due Diligence. Buyer Is Responsible For All Utilities For Inspections/Appraisal. Buyer Is Also Responsible For Ordering POS and Escrow/ Correction Of All POS Violations (where required). Have you been looking for a way to enter the world of real estate investing? Look no more! This 2-family home is very affordably priced and waiting for a new owner. The spacious main level is almost move-in ready and would make a great owner’s suite while renting out the upper level. Won’t last at this price! Schedule your showing today! See Attached PLD & PCR For Details of repairs needed.

30. 1995-06-26
    soldstatus $39,000 74-char remark

    Show marketing remark (74 chars)

    Good Investment - Up Stairs Vacant Basement For Downstairs Only Large Yard

31. 1995-06-26
    soldstatus $39,000

    Show marketing remark (74 chars)

    Good Investment - Up Stairs Vacant Basement For Downstairs Only Large Yard

32. 1995-06-13
    historical 74-char remark

    Show marketing remark (74 chars)

    Good Investment - Up Stairs Vacant Basement For Downstairs Only Large Yard

33. 1994-12-13
    listed $43,000 74-char remark

    Show marketing remark (74 chars)

    Good Investment - Up Stairs Vacant Basement For Downstairs Only Large Yard

ⓘ 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: $1,288 · $107/mo
• Projected year-2 tax: $1,775 · $148/mo
• Expected delta: +$487/yr (+$41/mo · 37.8%)

ⓘ 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 ≥98°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: $24,624
• − Mortgage interest: −$8,122
• − Property taxes: −$1,288
• − Insurance: −$725
• − Repairs & maintenance: −$1,970
• − Management: −$1,970
• − Depreciation: −$4,218
• Taxable income: $6,331
• Est. tax owed @ 24.0%: −$1,519
• After-tax cash flow: $6,796/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

+237.2% since first listed

20 events — show timeline

• 2026-05-27 Listed $145,000 MLSNOW
• 2025-06-21 Rental Removed $850 TENANTTURNER2
• 2025-05-20 Listed for Rent $850 TENANTTURNER2
• 2025-05-03 Rental Removed $850 TENANTTURNER2
• 2025-05-01 Listed for Rent $850 TENANTTURNER2
• 2024-12-17 Rental Removed $850 RENTALBEAST
• 2024-11-27 Listed for Rent $850 RENTALBEAST
• 2024-11-17 Rental Removed $850 RENTALBEAST
• 2024-10-03 Listed for Rent $850 RENTALBEAST
• 2023-10-08 Rental Removed $750 APPFOLIO
• 2023-10-07 Listed for Rent $750 APPFOLIO
• 2021-12-20 Sold (Public Records) $89,950 Public Records
• 2018-08-06 Sold (MLS) $14,100 MLSNOW
• 2018-06-23 Pending — MLSNOW
• 2018-06-18 Contingent — MLSNOW
• 2018-06-01 Listed $14,000 MLSNOW
• 1995-06-26 Sold (Public Records) $39,000 Public Records
• 1995-06-26 Sold (MLS) $39,000 MLSNOW
• 1995-06-13 Listing Removed — MLSNOW
• 1994-12-13 Listed $43,000 MLSNOW

Property tax history

+3.2%/yr

Latest (2025): $1,288 · -4.9% YoY. Source: county tax records.