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3950 Gary Avenue Lorain, OH $ 140,000
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$ 140,000 Get more info
3950 Gary Avenue
$ 140,000
Back to search
Share Save

3950 Gary Avenue

Lorain, OH, 44055
$ 140,000
Bedrooms4 Baths2.0 Sq 1,792

Monthly Estimate*

$ 967

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Multi-Family Home for sale in Lorain, OH

for $140,000 with 4 bedrooms and 2 full baths. This 1,792 square foot home was built in 1949 on a lot size of 0.1722.

Investment Opportunity in Lorain! Add to your investment portfolio with this 4-bedroom duplex located at 3950 Gary Avenue in Lorain. This multi-family property offers two separate units, providing an excellent opportunity for investors or an owner-occupant looking to offset housing expenses with rental income. The property features separate utilities, helping simplify utility management between tenants, along with a basement for additional storage and functionality. The seller has also replaced the east and west basement walls for the currently unoccupied unit, adding a significant recent improvement to the property. Whether you're an experienced investor looking to expand your rental portfolio or exploring your first multi-family property, this duplex offers plenty of potential. 4-Bedroom Duplex Separate Utilities Basement East & West Basement Walls Replaced for Unoccupied Unit Investment or Owner-Occupant Opportunity Schedule your showing today and take a closer look at what this Lorain duplex has to offer!

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Multi-Family Pending

Price

$ 140,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,768

Style

Lot Size

0.1722

Year Built

1949

Town/City

Lorain

County/Region

Lorain

MLS | Web ID

5244105
Features
General
Sewer Public Sewer
Heating Gas
Cooling None
Possession Delivery Of Deed
Roof Asphalt Fiberglass
Construction Materials Aluminum Siding
Year Built 1949
Tenant Pays Cable TV Electricity Gas Water
Stories Count 2
Township Lorain
Levels Two
Property Subtype Duplex
Tax Year 2025
Gross Income 16800
County Lorain
Operating Expense 344840
Property Type Residential Income
Attached Garage false
Subdivision Name Homewood
Garage Y/N false
Total Rooms 8
Full Baths 2
Status Pending
Directions From Route 2 take SR 57 North. Turn right on E 42nd St then left on Gary Ave. Property is located at 3950 Gary Ave.
City Lorain
High School District Lorain CSD - 4709
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 1768.4
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 Public Records
Property Sub Type Additional Duplex
Legal Description HOMEWOOD 50 X 150 5/30/14 TOD 2014-0506557 LOT # 43
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Interior
Basement Full
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Above Grade Finished Area 1792
Half Baths 0
Total Bedrooms 4
Below Grade Finished Area 896
Main Level Bathrooms 0
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Total Baths 2
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Exterior
Parking Features Driveway No Garage On Street
Water Source Public
Lot Size Area 0.1722
Number of Buildings 1
Lot Size Acres 0.1722
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Steven P Hamm

Listing Agent

Re/Max Quality Realty

Broker

steven.hamm@remax.net

Email

Affordability Calculator

$1,114
Per Month
87%
13%
0%
Monthly Principal & Interest
$967
Monthly Property Taxes
$147
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
4458042 Elementary School
4458082 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/11/2026$140,000 Listed Price

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3950 Gary Avenue, Lorain, OH, 44055 is a Multi-Family Home for sale at $140,000 with 1,792 sqft and a lot size of 0.1722. 3950 Gary Avenue has 4 bedrooms, 2.0 baths, and was built in 1949. The property's zip code is 44055 which is in Lorain, OH

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