448 Delaware Avenue

Lorain, OH 44052

$210,000
Price
6
Beds
3,346 Sq. Ft.
$63 / Sq. Ft.
3,346
Sq. Ft.
$63
per Sq. Ft.
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Pending
Pending

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!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!
  1. Listed by Blake Park • REAFCO
    P: (614)-762-9232 C: (614)-762-9232 blake@reafco.com

Property Details for 448 Delaware Avenue

Subdivision Name
Fair Home Allotment
Has Waterfront
No
LISTING UPDATED: 05/21/2026 03:43 PM

Property Details for 448 Delaware Avenue

StatusPending
MLS #5206039
Days on Market17
Taxes$3,954 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1923
Lot Size0.10 AC / 4,356 SF
CountyLorain County
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Location

Listing Courtesy of REAFCO
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Building Information for 448 Delaware Avenue

Stories2Residences-Year Built1923Building Size-Lot Size0.10 AC / 4,356 SF

Payment Calculator

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$1,376 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,046

Property Taxes

$330

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 448 Delaware Avenue

Summary
Location and General Information
  • Directions: between E St and F St
  • Latitude: 41.468238
  • Longitude: -82.165555
  • Township: Lorain
Taxes and HOA
  • Parcel Number: 02-01-003-110-050
  • Tax Annual Amount: $3,954.00
  • Tax Legal Description: FAIRHOME 37.50 X 110.00
  • Tax Year: 2024
School Information
  • Elementary School District: Lorain CSD - 4709
  • High School District: Lorain CSD - 4709
  • Middle or Junior School District: Lorain CSD - 4709
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: No Garage, On Street
Property
Lot Information
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Above Grade Finished Area: 2202.0
  • Above Grade Finished Area Source: Assessor
  • Below Grade Finished Area: 1144.0
  • Below Grade Finished Area Source: Assessor
  • Living Area: 3346.0
  • Living Area Units: Square Feet
  • Year Built: 1923
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Vinyl Siding
  • Levels: Two
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 4
  • Total Bedrooms: 6
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas
  • Has Heating: Yes
  • Laundry Features: None
  • Main Level Bathrooms: 0
  • Total Rooms: 14
Exterior Features
  • Private Pool: No
  • Roof: Shingle
  • Stories: 2
  • Total Stories: 2
Unit Information
Unit 1
  • Actual Rent: $725.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: Unit 1 - Month to Month
  • Leased: Yes
  • Lease Expires: 01-30-2026 07:00:00 PM
  • Occupant Type: Occupied
  • Type: Two Bedroom
Unit 2
  • Actual Rent: $525.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Unit 4
  • Leased: Yes
  • Lease Expires: 01-30-2027 07:00:00 PM
  • Occupant Type: Occupied
  • Type: One Bedroom
Unit 3
  • Actual Rent: $750.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Description: Unit 3 - Month to Month
  • Leased: Yes
  • Lease Expires: 04-29-2026 08:00:00 PM
  • Occupant Type: Occupied
  • Type: Two Bedroom
Unit 4
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Unit 2
  • Leased: Yes
  • Lease Expires: 02-27-2027 07:00:00 PM
  • Occupant Type: Occupied
  • Type: One Bedroom

Property History for 448 Delaware Avenue

DateEvent & SourcePriceAppreciation
May 21, 2026

Contract Signed

MLS Now #5206039

—
May 4, 2026

Listed (Active)

MLS Now #5206039

$210,000—
DateEvent & SourcePrice
05/21/2026

Contract Signed

MLS Now #5206039

—
05/04/2026

Listed (Active)

MLS Now #5206039

$210,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 448 Delaware Avenue

Taxable ValueLand$7,021Additions$8,729Total$15,750
Tax Record2020$1,264 ($105 / month)
Home Facts
Baths4Total Finished SqFt2,202 SqFtAbove Grade Finished SqFt2,202 SqFtUnfinished Basement SqFt908 SqFtStories2Lot Size4,356 SqFtStyleMulti-Family Res (5+ Units)Year Built1923Year Renovated1923CountyLORAINAPN0201003110050Fireplace TypeHas Fireplace

Schools near 448 Delaware Avenue

This home is within Lorain City School District.
Rating
School
Type
Grades
Distance
Hawthorne Elementary School
Public - PK to 5
Longfellow Middle School
Public - 6 to 8
Lorain High School
Public - 9 to 12
Digital Academy
Public - K to 12
Rating
School
Distance
Hawthorne Elementary School
PublicPK to 5

Longfellow Middle School
Public6 to 8

Lorain High School
Public9 to 12

Digital Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of REAFCO

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