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1423 Shaffer Lorain, OH $ 149,900
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$ 149,900 Get more info
1423 Shaffer
$ 149,900
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1423 Shaffer

Lorain, OH, 44053
$ 149,900
Bedrooms4 Baths2.0

Monthly Estimate*

$ 946

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Multi-Family Home for sale in Lorain, OH

for $149,900 with 4 bedrooms and 2 full baths. This home was built in 1974 on a lot size of 0.01.

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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Multi-Family Pending

Price

$ 149,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,486

Style

Lot Size

0.01

Year Built

1974

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5233205
Features
General
Sewer Other
Heating Other
Cooling Other
Possession Delivery Of Deed
Roof Other
Garage Spaces 2
Construction Materials Other
Year Built 1974
Stories Count 1
Township Lorain
Levels One
Property Subtype Duplex
Tax Year 2025
County Lorain
Property Type Residential Income
Attached Garage false
Garage Y/N true
Full Baths 2
Status Pending
Directions Lorain County
City Lorain
High School District Lorain CSD - 4709
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 2486
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Pending
Middle/Junior School District Lorain CSD - 4709
Elementary School District Lorain CSD - 4709
Year Built Source Appraiser
Property Sub Type Additional Duplex
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Interior
Basement Other
Basement (Y/N) true
Half Baths 0
Total Bedrooms 4
Main Level Bathrooms 0
Total Baths 2
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Exterior
Parking Features Garage
Water Source Other
Lot Size Area 0.01
Number of Buildings 1
Lot Size Acres 0.01
Lot Size Source Appraiser
Waterfront Y/N false
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* Excluded Features
List By
Tal Tamir

Listing Agent

Russell Real Estate Services

Broker

tal@premierclevelandinvesting.com

Email

Affordability Calculator

$1,154
Per Month
82%
18%
0%
Monthly Principal & Interest
$946
Monthly Property Taxes
$207
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
4458042 Elementary School
4458082 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/4/2026$149,900 Listed Price

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1423 Shaffer, Lorain, OH, 44053 is a Multi-Family Home for sale at $149,900 with a lot size of 0.01. 1423 Shaffer has 4 bedrooms, 2.0 baths, and was built in 1974. The property's zip code is 44053 which is in Lorain, OH

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