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$149,900 Sale Pending

  • For Sale
  • Pending
  • Duplex
  • 4 Beds
  • 2 Full Baths
  • 0.01 Acres
  • 2 Car Garage
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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.

Full Property Details for 1423 Shaffer

General

  • Price: $149,900
  • Taxes: $2,486 (2025)
  • Status: Pending
  • Type: Duplex
  • Source: 505
  • MLS ID: 5233205
  • Updated: 8/6/2026
  • Added to Site: 27 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Garage

Location

  • County: Lorain
  • Township: Lorain
  • Driving Directions: Lorain County

School Information

  • Elem School District: Lorain CSD - 4709
  • Midd School District: Lorain CSD - 4709
  • High School District: Lorain CSD - 4709

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Utilities

  • Sewer: Other
  • Water: Other

Structural Information

  • # Buildings: 1
  • Construction: Other
  • Basement: Yes
  • Basement Desc.: Other
  • Roof: Other
  • Stories/Levels: 1
  • Year Built: 1974
  • Year Built Source: Appraiser

Lot Features

  • Lot Size (Acres): 0.01
  • Lot Size: .01
  • Lot Size Source: Appraiser

Financial Considerations

  • Tax Amount: $2,486
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 02-02-005-113-008

Listed by Russell Real Estate Services, Tal Tamir and Russell Real Estate Services, Benjamin Peleg

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Listing agents

— 1423 Shaffer —

  • Tal Tamir

    Russell Real Estate Services

  • Benjamin Peleg

    Russell Real Estate Services

tal@premierclevelandinvesting.com, 216-870-8687

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1423 Shaffer

School District:Lorain City School District
NameGradesDistance
Toni Wofford Morrison Elementary School
1830 40th St, Lorain, OH 44052
PK-61 mi
General Johnnie Wilson Middle School
2700 Washington Avenue, Lorain, OH 44052
7-81.9 mi
Lorain High School
2600 Ashland Avenue, Lorain, OH 44052
9-121.8 mi
New Beginnings
2600 Ashland Avenue, Lorain, OH 44052
5-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1423 Shaffer Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/04/2026
Listed
$149,900
87.61%
MLS
1/03/2022
Sold
$79,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1423 Shaffer

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,486
13%
$61,898
48%
2023
$2,208
1%
$41,808
—
2022
$2,190
—
$41,800
—
2021
$2,189
-3%
$41,800
17%
2020
$2,253
6%
$35,590
—
2019
$2,134
—
$35,582
—
2018
$2,135
12%
$35,582
18%
2017
$1,914
1%
$30,083
—
2016
$1,899
6%
$30,083
—
2015
$1,794
-13%
$30,083
-13%
2014
$2,053
1%
$34,500
—
2013
$2,038
—
$34,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1423 Shaffer

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Russell Real Estate Services, Tal Tamir and Russell Real Estate Services, Benjamin Peleg

1423 Shaffer, Lorain, OH 44053 (MLS# 5233205) is a Duplex property with 4 bedrooms and 2 full bathrooms. 1423 Shaffer is currently listed for $149,900 and was received on August 04, 2026. Want to learn more about 1423 Shaffer? Do you have questions about finding other Duplex real estate for sale in Lorain? You can browse all Lorain real estate or contact a Coldwell Banker agent to request more information.

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