3934 Gary Avenue
Lorain, OH, 44055
$
159,900
Bedrooms4
Baths2.0
Sq
1,792
Monthly Estimate*
$
998
for $159,900 with 4 bedrooms and 2 full baths. This 1,792 square foot home was built in 1949 on a lot size of 0.17.
Welcome to 3934 Gary Avenue, a spacious duplex located in the Homewood subdivision of Lorain. This property offers an excellent opportunity for investors looking for steady rental income with strong long-term potential. Featuring two large units, each side offers approximately 1,344 square feet of comfortable living space with a practical layout. Every unit includes 2 bedrooms, 1 full bath, a sizable living room with hardwood floors, a functional kitchen, and access to a full private basement with laundry hookups and plenty of storage. Currently, both units are tenant-occupied on month-to-month leases, bringing in a combined monthly income of $1,500, making this a true turnkey investment. The home has been thoughtfully updated with a new roof in 2019, new furnaces in 2019, and energy-efficient systems that help reduce long-term maintenance costs. Tenants pay all utilities, including gas, electric, water, sewer, & trash, while the owner is only responsible for property taxes, which helps keep operating expenses low. Both units feature wood flooring in bedrooms and living areas, vinyl flooring in the bathrooms, and glass block windows in the basements for natural light and durability. Outside, the home has vinyl siding, a full covered front porch, a long paved driveway offering off-street parking, and additional street parking for convenience. The backyard is generously sized, partially fenced, landscaped, and includes a storage shed, providing outdoor space & functionality. With unfinished basements for each unit, there is ample room for storage or potential to enhance for future value. Located close to shopping, restaurants, schools, and major highways, the property is well-positioned to attract consistent rental demand. With reliable income, separate utilities, and key updates already in place, this duplex is a fantastic addition to any portfolio. Don’t miss your chance to own a solid, income-producing property in Lorain with room for growth and long-term returns!
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Features
General
Sewer
Public Sewer
Heating
Forced Air
Gas
Cooling
None
Wall/Window Unit(s)
Possession
Delivery Of Deed
Roof
Asphalt
Shingle
Appliances
Range
Refrigerator
Garage Spaces
0
Pool Features
None
Security Features
Carbon Monoxide Detector(s)
Smoke Detector(s)
Construction Materials
Block
Frame
Concrete
Vinyl Siding
Year Built
1949
Tenant Pays
All Utilities
Cable TV
Electricity
Gas
Heat
Hot Water
Internet
Sewer
Trash Collection
Water
View
City Lights
City
Neighborhood
Stories Count
2
Township
Lorain
Levels
Two
Property Subtype
Duplex
Tax Year
2024
Gross Income
1700
Community Features
Curbs
Street Lights
Sidewalks
County
Lorain
Property Type
Residential Income
Attached Garage
false
Energy Efficient
HVAC
Roof
Water Heater
Subdivision Name
Homewood
Garage Y/N
false
Green Water Conservation
Efficient Hot Water Distribution
Total Rooms
10
Full Baths
2
Status
Active
Directions
57 North to East 42nd Street to Gary Avenue
City
Lorain
High School District
Lorain CSD - 4709
Lot Size Units
Acres
Carport Spaces
0
Carport Y/N
false
Tax Annual Amount
2013
Home Warranty Y/N
true
Living Area Units
Square Feet
Standard Status
Active
Middle/Junior School District
Lorain CSD - 4709
Elementary School District
Lorain CSD - 4709
Year Built Source
Public Records
Property Sub Type Additional
Duplex
Legal Description
HOMEWOOD 50 X 150
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Interior
Interior Amenities
Eat-in Kitchen
Basement
Full
Concrete
Unfinished
Sump Pump
Total Stories
2
Basement (Y/N)
true
Air Conditioning Y/N
false
Heating Y/N
true
Above Grade Finished Area
1792
Half Baths
0
Laundry Features
Washer Hookup
Electric Dryer Hookup
In Basement
Lower Level
Laundry Tub
Sink
Total Bedrooms
4
Below Grade Finished Area
896
Main Level Bathrooms
0
Below Grade Finished Area Source
Realist
Above Grade Finished Area Source
Realist
Total Baths
2
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Exterior
Exterior Amenities
Storage
Fencing
Partial
Wood
Parking Features
Driveway
No Garage
Outside
Paved
On Street
Lot Features
< 1/2 Acre
Back Yard
Cleared
Front Yard
Landscaped
Few Trees
Water Source
Public
Lot Size Area
0.17
Foundation Details
Block
Number of Buildings
1
Lot Size Acres
0.17
Lot Size Source
Public Records
Waterfront Y/N
false
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* Excluded Features
List By
Majdey Taye
Listing Agent
Re/Max Transitions
Broker
TheTayeGroup@gmail.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $998
- Monthly Property Taxes
- $168
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Multi-family listings in Lorain, OH
Average List Price
$193,979
Percent of Sale Price
21%
About Lorain, OH
62,881
Population
-9%
Since 2002
$
36,696
Median Income
38.01
Median Age
30%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4458042
Elementary School
4458082
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
11/18/2025
|
$159,900
|
|
Listed Price
|