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Sold on 08/05/2026
  • Exterior
  • Living
  • Kitchen
  • Other
  • Entry Way
  • Bedroom
  • Bath

1423 Shaffer, Lorain, OH 44053

$145,000

Last sold 08/05/2026 after 24 Hours

  • 4

    bed

  • 2

    bath

Multi-family not for sale
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About 1423 Shaffer

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Lot size 436 Sqft
Parking 2 garage spaces
Rental estimate
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.
Listed by
Listing Agent - Tal Tamir
Listing Agent Contact: Tal@premierclevelandinvesting.com, 216-870-8687
Listing Office - Russell Real Estate Services
Source: MLS Now mls logo
MLS#5233205 • last updated 1 month ago
Movoto checked MLS Now for data 14 minutes ago
Overview
Cooling/AC Other
Heating Other
Levels/Style One
MLS # 5233205
Status Closed
Lot Size (Acres) 0.01
Property Tax 2486
Interior
Total # of Bathrooms 2
# Full Baths 2
# Bedrooms 4
Basement Other
Exterior
Construction Other
Parking Desc Garage
Amenities / Utilities
Sewer/ Septic Other
Water Source Other
Location
Elem School District Lorain CSD - 4709
Middle School District Lorain CSD - 4709
High School District Lorain CSD - 4709
We are not permitted to show value estimates for this property.
  • Sep 2026
    mls logo MLS # 5233205
  • Sep 17, 2026 Sold
    $145,000 (-3.3%)
  • Aug 5, 2026 Pending
    —
  • Aug 4, 2026 Listed
    $149,900 (+87.6%)
  • Jan 2022
    Public Records
  • Jan 11, 2022 Sold
    $79,900
  • Year Property taxes Tax assessment
  • 2024
    $2,615 +18.4%
    $61,898 +48.05%
  • 2023
    $2,208 +0.9%
    $41,808 +0.02%
  • 2022
    $2,190
    $41,800
  • 2021
    $2,189 -2.8%
    $41,800 +17.45%
  • 2020
    $2,253 +5.6%
    $35,590
  • 2019
    $2,134
    $35,590
  • 2018
    $2,135 +11.5%
    $35,590 +18.32%
  • 2017
    $1,914
    $30,080
  • 1423 Shaffer
    $145K
  • West Lorain
    $199K
  • 44053
    $249K +4% y/y
  • Lorain
    $155K +10% y/y
No chart available
Statistics calculated by Movoto

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4/10
Toni Wofford Morrison Elementary School
public Grades PK, K-5
Lorain City School District
3/10
Lorain High School
public Grades 9-12
Lorain City School District
Source: GreatSchools.org © 2026. All rights reserved.

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