3950 Gary Avenue
Lorain, OH 44055
4
Bed
2
Bath
2,688Sqft
0.17Acre(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 8 Has Basement: Yes Basement: Full -
Roofing Information
Asphalt, Fiberglass -
Interior Features
Roof: Asphalt, Fiberglass -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas Cooling: None
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Building Information
Year Built: 1949 Construction Materials: Aluminum Siding Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.1722 Acres Lot Size Acres: 0.1722 Lot Size Source: AssessorProperty Information
Subdivision: Homewood Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 77
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Listing Price Information
Listing Price: $140000
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Tax Information
Parcel Number: 03-00-099-115-023 Tax Year: 2025 Annual Tax: $1768.4 Tax Legal Desc: HOMEWOOD 50 X 150 5/30/14 TOD 2014-0506557 LOT # 43
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Parking Information
Driveway, No Garage, On Street
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Location Information
Direction: 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. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2331 Homewood Drive, Lorain, OH, 44055 | $140,000 | 4 | 2 | 2,688 | 0.17 Acre |
| 3950 Gary Avenue, Lorain, OH, 44055 | $140,000 | -- | -- | 1,792 | 0.17 Acre |
| 2069 E 29th Street, Lorain, OH, 44055 | $170,000 | 4 | 2 | 1,664 | 0.17 Acre |
| 3177 Elyria Avenue, Lorain, OH, 44055 | $120,000 | 4 | 2 | -- | 0.10 Acre |
| 2394 Elyria Avenue, Lorain, OH, 44055 | $128,000 | 4 | 2 | -- | 0.19 Acre |
Similar Multifamily To 3950 Gary Avenue
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 09/16/2026 @ 11:04
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