3934 Gary Ave Lorain, OH 44055
Estimated payment $999/month
Total Views
72,535
4
Beds
2
Baths
2,688
Sq Ft
$59
Price per Sq Ft
Highlights
- City Lights View
- High-Efficiency Water Heater
- Forced Air Heating System
- Eat-In Kitchen
- Landscaped
- Energy-Efficient Roof
About This Home
Welcome to 3934 Gary Avenue, a spacious duplex located in the Homewood subdivision of Lorain. This property offers an excellent opportunity for investors looking for steady rental income with strong long-term potential. Featuring two large units, each side offers approximately 1,344 square feet of comfortable living space with a practical layout. Every unit includes 2 bedrooms, 1 full bath, a sizable living room with hardwood floors, a functional kitchen, and access to a full private basement with laundry hookups and plenty of storage. Currently, both units are tenant-occupied on month-to-month leases, bringing in a combined monthly income of $1,500, making this a true turnkey investment. The home has been thoughtfully updated with a new roof in 2019, new furnaces in 2019, and energy-efficient systems that help reduce long-term maintenance costs. Tenants pay all utilities, including gas, electric, water, sewer, & trash, while the owner is only responsible for property taxes, which helps keep operating expenses low. Both units feature wood flooring in bedrooms and living areas, vinyl flooring in the bathrooms, and glass block windows in the basements for natural light and durability. Outside, the home has vinyl siding, a full covered front porch, a long paved driveway offering off-street parking, and additional street parking for convenience. The backyard is generously sized, partially fenced, landscaped, and includes a storage shed, providing outdoor space & functionality. With unfinished basements for each unit, there is ample room for storage or potential to enhance for future value. Located close to shopping, restaurants, schools, and major highways, the property is well-positioned to attract consistent rental demand. With reliable income, separate utilities, and key updates already in place, this duplex is a fantastic addition to any portfolio. Don’t miss your chance to own a solid, income-producing property in Lorain with room for growth and long-term returns!
Listing Agent
RE/MAX Transitions Brokerage Email: TheTayeGroup@gmail.com, 440-454-2456 License #2024005848 Listed on: 09/02/2025
Co-Listing Agent
RE/MAX Transitions Brokerage Email: TheTayeGroup@gmail.com, 440-454-2456 License #2023001668
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,013
Year Built
- Built in 1949
Lot Details
- 7,405 Sq Ft Lot
- Partially Fenced Property
- Wood Fence
- Landscaped
- Cleared Lot
- Few Trees
- Back and Front Yard
Property Views
- City Lights
- Neighborhood
Home Design
- Block Foundation
- Frame Construction
- Asphalt Roof
- Concrete Siding
- Block Exterior
- Vinyl Siding
Interior Spaces
- 2-Story Property
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Sump Pump
- Laundry in Basement
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- No Garage
- Driveway
- Paved Parking
- On-Street Parking
Eco-Friendly Details
- Energy-Efficient HVAC
- Energy-Efficient Roof
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Heating System Uses Gas
- High-Efficiency Water Heater
Community Details
- Homewood Subdivision
Listing and Financial Details
- Home warranty included in the sale of the property
- The owner pays for taxes
- Assessor Parcel Number 03-00-099-115-022
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,013 | $47,628 | $10,878 | $36,750 |
| 2023 | $1,610 | $30,475 | $5,187 | $25,288 |
| 2022 | $1,597 | $30,475 | $5,187 | $25,288 |
| 2021 | $1,596 | $30,475 | $5,187 | $25,288 |
| 2020 | $1,480 | $24,540 | $4,180 | $20,360 |
| 2019 | $1,472 | $24,540 | $4,180 | $20,360 |
| 2018 | $1,472 | $24,540 | $4,180 | $20,360 |
| 2017 | $1,590 | $24,990 | $4,870 | $20,120 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $159,900 | +95.0% | $59 / Sq Ft | |
| 08/31/2021 08/31/21 | Sold | $82,000 | -11.7% | $46 / Sq Ft | View Prior Sale |
| 07/27/2021 07/27/21 | Pending | -- | -- | -- | |
| 06/30/2021 06/30/21 | For Sale | $92,900 | -- | $52 / Sq Ft |
Source: MLS Now
About the Listing Agent
My name is Majdey Taye, I am a Realtor, a Broker and a Loan Officer. I sell Homes in Lorain County, Cuyahoga County and All Surrounding cities. I've Sold over 800 Homes in my career. I have Hundreds of Reviews across multiple online sources such as google, Zillow and Realtor.com among others. I am the #1 Realtor in Ohio and have multiple recognitions such as a luxury realtor and top 1% in the Nation. my Cell number is 440-454-2456, my email is TheTayeGroup@gmail.com. The link to my
Majdey's Other Listings
Source: MLS Now
MLS Number: 5143895
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