Investor-focused single-family rental in Lorain: 223 West 16th St is a 3-bed, 1-bath home leased at $1,350/month through July 2026, delivering immediate, predictable cash flow with a tenant in place. Located under 3 miles from Lake Erie with convenient access to Lakeside Landing, Oasis Marina, Lakeview Beach, Black River Landing, and Broadway/Old Town Charleston amenities, the property benefits from strong year-round rental demand and potential future short-term rental upside at lease end (if permitted). Solid cash-flowing asset with coastal-proximity demand drivers; showings by appointment only due to tenant occupancy.

Based on information submitted to MLS Now as of June 29, 2026 1:52 PM UTC . 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.

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Property Details of 223 W 16th Street

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The Marrali-DeSantis Group | Howard Hanna Real Estate

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Listing Tools

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Property Details of 223 W 16th Street

Property Details

Basic Information

Building

Location

Interior Features

Bedrooms

Bathrooms

Basement

Community

Schools

Area

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

The Marrali-DeSantis Group | Howard Hanna Real Estate