Brick and vertical siding exterior with an attached two-car garage
Split-level residence featuring brick and vertical siding exterior
Spacious interior room featuring wood-finish flooring, light blue walls, and white trim
Spacious interior room featuring wood-finish flooring, light blue walls, and white trim
Open-concept living area featuring wood-finish flooring, light grey walls, and a ceiling fan
Open concept living space featuring wood-finish flooring, a window air conditioning unit, and a ceiling fan
Spacious room featuring wood-finish flooring, light blue wall paint, and a white ceiling
Open-concept living area featuring wood-finish flooring throughout, a kitchen with wood cabinetry and dark countertops, and a living space with a large window
Galley kitchen featuring wood-finish cabinetry, dark patterned countertops, a white window above the sink, black appliances, and wood-finish flooring
Kitchen area featuring dark wood-finish cabinetry, a double basin sink, and a dishwasher
Kitchenette area with wood-finish cabinetry and a dark stone-look countertop
Spacious room featuring wood-finish flooring, light blue walls, and a white ceiling with a ceiling fan
Room featuring wood-finish flooring, a ceiling fan with integrated lighting, and a double-hung window with exterior scenery
Room featuring wood-finish flooring, light gray wall paint, and a ceiling fan
Bathroom featuring a white tub and shower combination with a showerhead, a white vanity with an integrated sink, a wall-mounted medicine cabinet, and a single sconce light fixture
Spacious room featuring wood-finish flooring, a window providing natural light, a ceiling fan with light fixture, and a wall-mounted air conditioning unit
Spacious room featuring wood-finish flooring, a ceiling fan with light fixture, and two closet areas with wood doors
Room featuring wood-finish flooring, a ceiling fan with integrated lighting, and a bi-fold closet with a wooden frame and hanging rod
Staircase featuring wood-finish treads and risers, a white painted handrail, and light gray wall finishes
Spacious backyard with mature perimeter trees, a combination of wood and chain-link fencing, and a siding exterior
Expansive backyard featuring a partial wood privacy fence, mature trees, and a two-story home exterior with light-colored siding
Expansive backyard featuring a yellow-sided residence, mature trees, a wooden fence, and a built-in fire pit
Expansive rear yard featuring green lawn, mature trees, wood fence, and a fire pit area
Utility room featuring wood-finish flooring, a ceiling fan, a window, and a wall-mounted heater
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.
Details
| MLS # | 5233205 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1974 |
| Days On Site | 42 |
| Listing Provided By | Russell Real Estate Services | Tal Tamir |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Building(s) | 1 |
| Acreage | 0.01 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage |
Taxes
| Tax Annual Amount | 2486 |
|---|
Area Information
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44053 |
| Listing VS Median (in 44053) | |
Price: $149,900 low | high Med: $267,500 On site: 42 low | high Med: 19.5 | |
Market Activity 44053
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Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44053 |
| Listing VS Median (in 44053) | |
Price: $149,900 low | high Med: $267,500 On site: 42 low | high Med: 19.5 | |
Listing Updated: August 17, 2026 at 5:36:31 PM PDT