1423 Shaffer, Lorain, OH 44053

Lorain
Local realty services provided by:Better Homes and Gardens Real Estate Central
1423 Shaffer,Lorain, OH 44053
$149,900
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  • 4 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: tal tamir, benjamin peleg
Office: russell real estate services
MLS#:5233205
Source:OH_NORMLS

Price summary

  • Price:$149,900

About this home

Investor opportunity with owner-occupant potential! This duplex at 1423 Shaffer Drive, Lorain is currently fully occupied, generating immediate rental income with one unit leased at $900/month on a one year lease ending 07/31/2027 and the other at $800/month on a month-to-month basis, for a total gross monthly income of $1,700 Tenants pay their own gas and electric, while the owner covers water and sewer, helping keep operating expenses manageable. Whether you're looking to add a cash-flowing property to your investment portfolio or planning ahead to owner-occupy one unit while offsetting your mortgage with rental income from the other, this property offers excellent flexibility. A great opportunity for investors today and future owner-occupants or house hackers alike.

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Home facts

  • Year built:1974
  • Listing ID #:5233205
  • Added:2 day(s) ago
  • Updated:August 06, 2026 at 04:51 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes

Structure and exterior

  • Year built:1974
  • Lot area:0.01 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$149,900
  • Tax amount:$2,486 (2025)

Parking

  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:2
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