3934 Gary Avenue

Lorain OH 44055

2688 sq. ft.

0.17 ac.

Duplex

Last sold for $140,000

Majdey Taye, last sold this property on 10 April 2026 after 219 days on market.

Overview

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!

Features

4 bedrooms

2 bathrooms

2688 sq. ft. floor area

0.17 ac. lot size

Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Lorain over the last 12 months, the estimated median property value of 3934 Gary Avenue is $132.5k.

Median value

$132.5k

Estimated value range

$120k - $152.5k

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Lorain. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3934 Gary Avenue

2026

Sold

$140,000

10 Apr 2026 by Majdey Taye, of REMAX Transitions | Williamstown

2021

Sold

$82,000

31 Aug 2021 by Artnetta Vines, of REMAX Crossroads Properties | Avon

Happy sellers in Lorain

We have insufficient information to provide an overview of customer satisfaction for Lorain. Viewing the agent profiles, reviews and sales for Lorain can provide insights for this location.