448 Delaware Ave Lorain, OH 44052
Estimated payment $1,452/month
About This Home
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!
Listing Agent
REAFCO Brokerage Email: blake@reafco.com, 614-762-9232 License #2020007667 Listed on: 05/04/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,954
Year Built
- Built in 1923
Lot Details
- 4,356 Sq Ft Lot
Home Design
- Quadruplex
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Parking
- No Garage
- On-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Fair Home Allotment Subdivision
- No Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 02-01-003-110-050
Map
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 | $3,932 | $61,905 | $7,021 | $54,884 |
| 2023 | $1,238 | $15,750 | $7,021 | $8,729 |
| 2022 | $1,225 | $15,750 | $7,021 | $8,729 |
| 2021 | $1,231 | $15,750 | $7,020 | $8,730 |
| 2020 | $1,265 | $15,750 | $7,020 | $8,730 |
| 2019 | $1,377 | $17,290 | $7,020 | $10,270 |
| 2018 | $1,351 | $17,290 | $7,020 | $10,270 |
| 2017 | $2,311 | $26,740 | $5,750 | $20,990 |
| 2016 | $2,282 | $26,740 | $5,750 | $20,990 |
| 2015 | $2,175 | $26,740 | $5,750 | $20,990 |
| 2014 | $1,591 | $26,740 | $5,750 | $20,990 |
| 2013 | $1,579 | $26,740 | $5,750 | $20,990 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/24/2026 04/24/26 | For Sale | $210,000 | +23.5% | $63 / Sq Ft | |
| 11/27/2023 11/27/23 | Sold | $170,000 | 0.0% | $77 / Sq Ft | View Prior Sale |
| 10/25/2023 10/25/23 | Pending | -- | -- | -- | |
| 10/23/2023 10/23/23 | For Sale | $170,000 | +4.6% | $77 / Sq Ft | |
| 04/14/2023 04/14/23 | Sold | $162,500 | +1.6% | $74 / Sq Ft | View Prior Sale |
| 03/08/2023 03/08/23 | Pending | -- | -- | -- | |
| 03/01/2023 03/01/23 | For Sale | $159,900 | 0.0% | $73 / Sq Ft | |
| 01/09/2023 01/09/23 | Pending | -- | -- | -- | |
| 12/29/2022 12/29/22 | For Sale | $159,900 | +392.0% | $73 / Sq Ft | |
| 05/17/2018 05/17/18 | Sold | $32,500 | -22.4% | $15 / Sq Ft | View Prior Sale |
| 05/12/2018 05/12/18 | Pending | -- | -- | -- | |
| 04/25/2018 04/25/18 | Price Changed | $41,900 | -4.6% | $19 / Sq Ft | |
| 04/11/2018 04/11/18 | Price Changed | $43,900 | -8.4% | $20 / Sq Ft | |
| 04/02/2018 04/02/18 | Price Changed | $47,900 | -7.7% | $22 / Sq Ft | |
| 03/12/2018 03/12/18 | For Sale | $51,900 | -- | $24 / Sq Ft |
Source: MLS Now
MLS Number: 5206039
APN: 02-01-003-110-050
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