Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$140,000 Sale Pending

  • For Sale
  • Pending
  • Duplex
  • 4 Beds
  • 2 Full Baths
  • 2,688 Sq. Ft.
  • 0.1722 Acres
  • Updated 3 days ago
See This Home
Save This Home
See This Home
Save This Home
Investment Opportunity in Lorain! Add to your investment portfolio with this 4-bedroom duplex located at 3950 Gary Avenue in Lorain. This multi-family property offers two separate units, providing an excellent opportunity for investors or an owner-occupant looking to offset housing expenses with rental income. The property features separate utilities, helping simplify utility management between tenants, along with a basement for additional storage and functionality. The seller has also replaced the east and west basement walls for the currently unoccupied unit, adding a significant recent improvement to the property. Whether you're an experienced investor looking to expand your rental portfolio or exploring your first multi-family property, this duplex offers plenty of potential. 4-Bedroom Duplex Separate Utilities Basement East & West Basement Walls Replaced for Unoccupied Unit Investment or Owner-Occupant Opportunity Schedule your showing today and take a closer look at what this Lorain duplex has to offer!

Full Property Details for 3950 Gary Ave

General

  • Price: $140,000
  • Taxes: $1,768 (2025)
  • Status: Pending
  • Type: Duplex
  • Source: 505
  • MLS ID: 5244105
  • Updated: 10/15/2026
  • Added to Site: 37 day(s) ago

Interior

  • Number of Rooms: 8

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Driveway, No Garage, On Street

Location

  • County: Lorain
  • Township: Lorain
  • Subdivision: Homewood
  • Driving Directions: From Route 2, take SR 57 North. Turn right on E 42nd St, then left on Gary Ave. Property is located at 3950 Gary Ave.

School Information

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

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Asphalt, Fiberglass
  • Stories/Levels: 2
  • Square Feet: 2,688
  • Living Area: 2,688 Sq. Ft.
  • Finished Above Grnd: 1,792 Sq. Ft.
  • Finished Below Grnd: 896 Sq. Ft.
  • Year Built: 1949
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.1722
  • Lot Size: .1722
  • Lot Size Source: Assessor

Financial Considerations

  • Operating Expenses: $344,840
  • Tax Amount: $1,768.4
  • Tax Year: 2025
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Water

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: HOMEWOOD 50 X 150 5/30/14 TOD 2014-0506557 LOT # 43
  • Property ID: 03-00-099-115-023

Listed by RE/MAX Quality Realty, Steven P Hamm

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 3950 Gary Ave —

  • Steven P Hamm

    RE/MAX Quality Realty

419-627-1996, ellencoffman@remax.net

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 3950 Gary Ave

School District:Lorain City School District
NameGradesDistance
Helen Steiner Rice Elementary School
4500 Tacoma Avenue, Lorain, OH 44055
PK-60.5 mi
Longfellow Middle School
305 Louisiana Avenue, Lorain, OH 44052
7-83.3 mi
Lorain High School
2600 Ashland Avenue, Lorain, OH 44052
9-123.9 mi
New Beginnings
2600 Ashland Avenue, Lorain, OH 44052
5-123.9 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 3950 Gary Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/11/2026
Listed
$140,000
607.07%
MLS
6/27/2013
Sold
$19,800
—
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 3950 Gary Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,768
23%
$44,023
62%
2023
$1,434
1%
$27,150
—
2022
$1,422
—
$27,150
—
2021
$1,422
8%
$27,150
24%
2020
$1,318
1%
$21,860
—
2019
$1,311
—
$21,858
—
2018
$1,311
3%
$21,858
9%
2017
$1,271
1%
$19,978
—
2016
$1,261
6%
$19,978
—
2015
$1,192
5%
$19,978
5%
2014
$1,138
1%
$19,117
—
2013
$1,129
—
$19,117
—
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 3950 Gary Ave

$
Down Payment
%
$
%

$
$

*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 RE/MAX Quality Realty, Steven P Hamm

3950 Gary Avenue, Lorain, OH 44055 (MLS# 5244105) is a Duplex property with 4 bedrooms and 2 full bathrooms. 3950 Gary Avenue is currently listed for $140,000 and was received on September 11, 2026. Want to learn more about 3950 Gary Avenue? 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.

Tour this property