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$210,000 Sale Pending
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Property Description
Investment Opportunity in Lorain! This 4-unit property features a mix of 2 bed / 1 bath and 1 bed / 1 bath units, all currently leased on month-to-month terms, providing immediate income and flexibility. Rents range from $525-$750/month, offering strong upside potential for increased cash flow. Conveniently located near shopping, dining, parks, and major roadways. A great addition to any investment portfolio!
Full Property Details
Full Property Details for 448 Delaware Ave
General
- Price: $210,000
- Taxes: $3,954 (2024)
- Status: Pending
- Type: Multi-Family
- Source: 505
- MLS ID: 5206039
- Updated: 5/21/2026
- Added to Site: 24 day(s) ago
Interior
- Number of Rooms: 14
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Parking
- Parking Features: No Garage, On Street
Location
- County: Lorain
- Township: Lorain
- Subdivision: Fair Home Allotment
- Driving Directions: between E St and F St
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: Forced Air, Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Shingle
- Stories/Levels: 2
- Square Feet: 3,346
- Living Area: 3,346 Sq. Ft.
- Finished Above Grnd: 2,202 Sq. Ft.
- Finished Below Grnd: 1,144 Sq. Ft.
- Year Built: 1923
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1
- Lot Size: .1
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $3,954
- Tax Year: 2024
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: FAIRHOME 37.50 X 110.00
- Property ID: 02-01-003-110-050
Listed by Reafco, Blake Park
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Schools
Schools serving 448 Delaware Ave
School District:Lorain City School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School, Lorain, OH 610 West 20th Street, Lorain, OH 44052 | K-6 | 1.2 mi |
Longfellow Middle School 305 Louisiana Avenue, Lorain, OH 44052 | 7-8 | 0.7 mi |
Lorain High School 2600 Ashland Avenue, Lorain, OH 44052 | 9-12 | 2 mi |
New Beginnings 2600 Ashland Avenue, Lorain, OH 44052 | 5-12 | 2 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 448 Delaware Ave
Date
Details
Price
Change
Source
5/01/2026
Listed
$210,000
—
MLS
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
Tax History for 448 Delaware Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,932
218%
$61,905
293%
2023
$1,238
-4%
$15,750
—
2022
$1,286
4%
$15,750
—
2021
$1,231
-3%
$15,750
—
2020
$1,265
-8%
$15,750
-9%
2019
$1,377
2%
$17,294
—
2018
$1,351
-42%
$17,294
-35%
2017
$2,311
1%
$26,737
—
2016
$2,282
5%
$26,737
—
2015
$2,175
37%
$26,737
—
2014
$1,591
1%
$26,737
—
2013
$1,579
—
$26,737
—
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
Estimate the Cost for 448 Delaware Ave
448 Delaware Avenue, Lorain, OH 44052 (MLS# 5206039) is a Multi-Family property with units containing 6 bedrooms and 4 full bathrooms. 448 Delaware Avenue is currently listed for $210,000 and was received on May 01, 2026. Want to learn more about 448 Delaware Avenue? Do you have questions about finding other Multi-Family real estate for sale in Lorain? You can browse all Lorain real estate or contact a Coldwell Banker agent to request more information.
