Jay Dennison
BEDS4
BATHS2 full
MLS#5233205
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLLorain City
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Other
Basement: Yes
Cooling: Other
Garage: 2
Heating: Other
Lot Size: 0.01 Acres
Roof Type: Other
Stories: 1.0
Taxes: $2,486 / year
Year Built: 1974
Feature Descriptions
Parcel#: 02-02-005-113-008
Parking: Garage
Sewer: Other
Water: Other
Local Schools
School District: Lorain City
Listed By / Shown By
Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Jay Dennison
Agent Phone: (419) 569-3726
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 1,089.39 per month $838.50 Principal & Interest $207.17 Property Tax $43.72 Homeowner's InsuranceChange Payment Information
Listing data compilation and photo(s) © 2026 - Multiple Listing Service, Inc. – All Rights Reserved
The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598 | Illinois LIC# 481014661 640 S Washington St. Suite 212, Naperville, IL 60540
Agent License Information: Brokerage/Company License Number: REC.2010002888
1423 Shaffer | MLS# 5233205
This multi-family property located at 1423 Shaffer , Lorain, OH 44053 is currently listed for sale with an asking price of $149,900. Shaffer is located within the Lorain City school district. Search Lorain real estate on jaydennison.ikeyrealty.com today.