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1423 Shaffer, Lorain, OH 44053

  • $149,900

  • 4

    bed

  • 2

    bath

Multi-family for sale 5 hours
Movoto is helping 37 homebuyers near you

About 1423 Shaffer

Property type Multi-family
Neighborhood
Year built 1974
HOA fee $0/month
Lot size 436 Sqft
Parking 2 garage spaces
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 3 hours ago
Movoto checked MLS Now for data 8 minutes ago
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Overview
Cooling/AC Other
Heating Other
Levels/Style One
MLS # 5233205
Status Active
Lot Size (Acres) 0.01
Property Tax 2486
Interior
Total # of Bathrooms 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
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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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  • Real Estate
  • OH
  • Lorain County
  • Lorain
  • 44053
  • 1423 Shaffer

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