SingleFamilyResidence at 4047 Tacoma Avenue, Lorain
SingleFamilyResidence at 4047 Tacoma Avenue, Lorain, photo 2 of 10
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10 photos

$120,000

4047 Tacoma Avenue
Lorain, OH 44055
Listed by Sherrie Haas · Russell Real Estate Services
Bedrooms
3
Bathrooms
1
Living area
1,044 sqft
Year built
1954

About this home

Attention investors and savvy buyers! Don’t miss this incredible opportunity to add an immediate, low-stress income producer to your portfolio. This well-maintained home features a fantastic long-term tenant who pays on time every month, with a large portion supported by local housing assistance. Rent is $1,200 per month, tenant pays all utilities, and the property recently passed its Lmha inspection and re-certification. Built on a concrete slab foundation so there is no basement to worry about. Whether you're looking for a hassle-free, day one cash generator or a property with strong long-term market potential, this home is a winner. Call to schedule your private tour today!

Property details

MLS #
5234830
Property type
SingleFamilyResidence
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
August 7, 2026
Stories
1
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.19 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Helen Steiner Rice ES
0.32 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
273
Student:teacher ratio
15.2:1
District
Lorain City
Middle
Southview Middle School
0.5 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
455
Student:teacher ratio
15.7:1
District
Lorain City
High
Brookside High School
2.53 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
459
Student:teacher ratio
17.0:1
District
Sheffield-Sheffield Lake City

Walkability

Blended score for Lorain's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

47
Somewhat walkable
out of 100
EPA National Walkability Index
6.3 / 20 -- Below average walkable
Google Places amenity density
70 / 100
Restaurants & cafes4
Grocery stores6
Parks5
Schools5
Transit stops14
Pharmacies0

Market position

How this listing compares to current activity in Lorain, from live MLS data.

On the market 0 days -- 55 fewer days than Lorain's current average of 55 days.
For reference, the median list price across 168 active listings in Lorain right now is $147,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$873/mo
$24,000 down
$96,000 loan
Principal & interest$623
Property tax (est.)$100
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 7, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.