448 Delaware Ave Lorain, OH 44052
Lorain AreaEstimated payment $1,488/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,819 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2026 08/04/26 | Price Changed | $205,000 | -2.4% | $61 / Sq Ft | |
| 06/30/2026 06/30/26 | For Sale | $210,000 | 0.0% | $63 / Sq Ft | |
| 05/21/2026 05/21/26 | Pending | -- | -- | -- | |
| 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 |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $10,000 | None Listed On Document | |
| Warranty Deed | $168,500 | None Listed On Document | |
| Warranty Deed | $162,500 | Onyx Title | |
| Warranty Deed | $45,000 | None Available | |
| Deed | $32,500 | French Creek Title | |
| Survivorship Deed | $11,300 | -- | |
| Contract Of Sale | $25,200 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $117,950 | New Conventional | |
| Previous Owner | $116,250 | New Conventional |
Source: MLS Now
MLS Number: 5206039
APN: 02-01-003-110-050
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