2-Unit Fully Occupied
For Sale
$149,900
Pending
1423 Shaffer Dr, Lorain, OH 44053
Fully occupied duplex with tenant-paid gas and electric and owner-paid water and sewer.
Property SizeContact for details
Days on Market20
Property Features for 1423 Shaffer Dr
General Information
Standard status
Pending
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$20,400
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,486
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Russell Real Estate Services
(216) 870-8687
Listed By:
Tal Tamir · License #2018001908
(216) 870-8687
Source:
Exprealty
Added: Aug 4
Changed: Aug 22
Last Checked: Aug 22 at 9:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Real Estate Services
Investment Insights
Based on property information with market context.
This two-unit residential income property is fully occupied and configured as a duplex. The tenancy includes one unit under a one-year lease through 07/31/2027, while the second unit is leased on a month-to-month basis.
Residents are responsible for their own gas and electric service. Water and sewer remain the owner’s responsibility. The property is located at 1423 Shaffer Dr in Lorain, Ohio.
Residents are responsible for their own gas and electric service. Water and sewer remain the owner’s responsibility. The property is located at 1423 Shaffer Dr in Lorain, Ohio.
Key Highlights
- Two‑unit duplex at 1423 Shaffer Dr, Lorain, OH
- Fully occupied with one unit leased through 07/31/2027
- Second unit occupied under a month‑to‑month lease
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 44053, OH
20,735
Population
9,529
Households
2.2
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
10.8 sq mi
ZIP Area
1,920
Density / Sq Mi
$65,332
Median Household Income
$43,654
Median Earnings
$827
Median Rent
$189,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with tenant-paid gas and electric and owner-paid water and sewer.
Where is this duplex located?
The property is located at 1423 Shaffer Dr Lorain, OH.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit duplex at 1423 Shaffer Dr, Lorain, OH; Fully occupied with one unit leased through 07/31/2027; Second unit occupied under a month‑to‑month lease
