Property Description

Check out this 3-bedroom ranch offering great potential and ready for your finishing touches! This home features a newer metal roof, newer air conditioning unit, and an updated kitchen. A bright bay window in the front fills the living space with natural light. The unfinished basement provides a blank canvas for additional living space, with the possibility of a full second bathroom. Bring your ideas and complete this home to make it your own! Schedule your private showing today.

1506 Nevada Avenue | MLS# 5194570

This single family home located at 1506 Nevada Avenue, Lorain, OH 44052 is currently listed for sale with an asking price of $150,000. This property was built in 1963 and has 3 bedrooms and 1 full and 1 partial baths with 1212 sq. ft. Nevada Avenue is located in the Nichols subdivision within the Lorain City school district. Search Nichols real estate on 542snivelyavenuenw.cutlerhomes.com today.

Property Features

Property Type: Residential - Single Family

Basement: Full

Basement: Yes

Cooling: Central Air

Days on Market: 1

Heating: Forced Air, Gas

Home Style: Ranch

Lot Size: 0.13 Acres

Roof Type: Metal

Stories: 1.0

Taxes: $1,743 / year

Year Built: 1963

Feature Descriptions

Appliances: Range, Refrigerator

Exterior: Vinyl Siding

Fencing: Chain Link, Partial

Parcel#: 03-00-055-113-025

Parking: Driveway

Patio/Porch: Covered, Front Porch

Sewer: Public Sewer

View: Neighborhood

Water: Public

Room Sizes

Primary Bathroom: 10 X 4 Level - First

Bedroom: 10 X 9 Level - First

Bedroom: 10 X 10 Level - First

Primary Bedroom: 10 X 10 Level - First

Kitchen: 14 X 10 Level - First

Family Room: 19 X 11 Level - First

Living Room: 14 X 13 Level - First

Local Schools

School District: Lorain City

Market Trends

Lorain County Residential Market Trend Graphs

Zip Code 44052

Source: Delta Media Group, Inc.

Demographics

Lorain County Demographic Information for 1506 Nevada Avenue, Lorain, OH 44052

Fips

Fips Code 39093

Population

2020 to 2023 Change up 1.6%

2010 Count 301,356

2020 Count 312,964

2023 Estimate (V2023) 317,910

2020 Estimate (V2023) 312,956

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 21.4%

18 to 64 53.4%

65 and Older 19.9%

Gender

Male 49.6%

Female 50.4%

Place of Birth

Foreign 2.8%

US 97.2%

Education

High School Graduate, Age 25+ 91.2%

Bachelor's Degree or Higher, Age 25+ 27.2%

Computer and Internet use

Households with a computer 93.8%

Households with a broadband Internet subscription 84.5%

Language

English is Second Language, Age 5+ 7.0%

English is First Language, Age 5+ 93.0%

Veterans

Veterans 17,970

Income

Per Capita Income $37,171

Median Household Income $67,272

People in Poverty 12.8%

Commute

Average Work Commute Time 26 minutes

Housing

Total Housing Units 136,666

Households 124,510

Average Household Size 2.45

Owner-Occupied 72.9%

Multi-Family 17.0%

Owner-Occupied Median Value $191,900

Median selected monthly owner costs -with a mortgage $1,474

Median selected monthly owner costs -without a mortgage $591

Median gross rent $886

Building Permits

New Private Housing Issued 2023 987

Years at Residence

1 Year or More 90.0%

Less Than 1 Year 10.0%

Business and Employment

Private non-farm Establishments 5,574

Private non-farm Employment 83,286

Private non-farm Employment Growth 0.0%

Nonemployer Establishments 21,027

Number of Firms 20,914

Business Production

Value of Shipments $6,058,884,000

Wholesale Trade $2,315,415,000

Retail Trade $3,875,576,000

Retail Sales Per Capita $12,297

Accommodation and Food Services $444,363,000

Land

Land Area 491.10 sq. miles

Population Per Square Mile 614

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 920.85 per month $731.85 Principal & Interest $145.25 Property Tax $43.75 Homeowner's Insurance

Change Payment Information

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/23/2026. The listing information on this page last changed on 03/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 03/23/2026 12:23:29 AM EST) or Dayton MLS (last updated Sun 03/22/2026 11:46:33 PM EST) or CBRMLS (last updated Mon 03/23/2026 12:19:28 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Sun 03/22/2026 11:53:29 PM EST) or NKY MLS (last updated Sun 03/22/2026 11:28:25 PM EST) or Wrist MLS (last updated Sun 03/22/2026 11:24:17 PM EST) or Firelands MLS (last updated Sun 03/22/2026 11:11:34 PM EST) or MLS NOW (last updated Mon 03/23/2026 12:17:27 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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1506 Nevada AvenueLorain, OH 44052