1423 Shaffer, Lorain, OH 44053
1423 Shaffer, Lorain, OH 44053
1423 Shaffer, Lorain, OH 44053
1423 Shaffer, Lorain, OH 44053
1423 Shaffer, Lorain, OH 44053
1423 Shaffer, Lorain, OH 44053
Mike Pillow
Mike Pillow

Agent License ID: SAL.2022002091

+1(740) 504-6251

GET MORE INFORMATION

Full Name
Phone*
Message
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.

$ 145,000

$ 149,900 3.3%

Est. payment | /mo

4 Beds

2 Baths

435 Sqft Lot

$ 145,000

$ 149,900 3.3%

Est. payment | /mo

4 Beds

2 Baths

435 Sqft Lot

Key Details

Sold Price $145,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 5233205

Sold Date 09/17/26

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1974

Annual Tax Amount $2,486

Tax Year 2025

Lot Size 435 Sqft

Acres 0.01

Property Sub-Type Duplex

Property Description

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.

Location

State OH

County Lorain

Rooms

Basement Other

Interior

Heating Other

Cooling Other

Fireplace No

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Other

Roof Type Other

Private Pool No

Building

Sewer Other

Water Other

Level or Stories One

Schools

School District Lorain Csd - 4709

Others

Tax ID 02-02-005-113-008

Financing Cash

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
Bought with Tal Tamir • Russell Real Estate Services

Schools and Properties Nearby

Mike Pillow

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(740) 504-6251

pillowdreamhomes@gmail.com

Learn More About LPT Realty

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Mike Pillow, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Tour the Home

1423 Shaffer