414 Independence Street, Fairport Harbor, OH 44077 (MLS # 5256681)

Price $255,000
Status Active
Beds 4
Baths 2 Baths
Home size 1,632 sqft
Lot Size 3,050 sqft
Days on Market 2
Investment Opportunity in Fairport Harbor's Charming Beach Community - Income Producing Duplex with Future Expansion Potential! Welcome to 414 Independence Street, an incredible opportunity to own a cash-flowing investment property in the heart of Fairport Harbor! Located in a desirable Lake Erie beach community, this well-maintained duplex offers immediate rental income with exciting potential for future growth.Currently generating $2,300 per month in gross rental income ($27,600 annually), this property features two occupied, spacious 2-bedroom, 1-bath units, each offering comfortable living spaces and access to basement laundry facilities. With a total of 4 bedrooms, 2 bathrooms, and 1,632 square feet of living space, this property is an attractive addition to any investment portfolio. But the real opportunity doesn't stop at two units! The unfinished third floor offers exciting possibilities for conversion into a potential third rental unit, creating an opportunity to transform this duplex into a triplex and increase its income-producing potential, subject to local zoning, permits, and necessary approvals. Additional highlights include a durable metal roof, detached 2-car garage, off-street parking, and basement storage. Situated in Fairport Harbor's charming lakeside community, residents can enjoy convenient access to Lake Erie beaches, local restaurants, shops, parks, and the relaxed coastal atmosphere that makes this neighborhood so special. Whether you're an experienced investor looking to expand your portfolio or a buyer interested in living in one unit while collecting rent from the other, 414 Independence Street offers immediate income, an appealing location, and room to grow! Don't miss your chance to invest in one of Lake County's charming beach communities. Schedule your showing today and explore the possibilities!
Property Type(s): Multi Family
Last Updated 10/29/2026 Year Built 1929
Garage Spaces 2.0 County Lake

Additional Details

AIR None
APPLIANCES Dryer, Range, Refrigerator, Washer
BASEMENT Exterior Entry, Interior Entry, Unfinished, Walk-Up Access, Yes
CONSTRUCTION Wood Siding
GARAGE Yes
HEAT Hot Water, Natural Gas, Radiant, Steam
LOT 3049 sq ft
PARKING Driveway, Detached, Garage
SEWER Public Sewer
STORIES 3+
TAXES 2757
WATER Public

Location

 

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Listing provided by: Breanna L Tomajko | 440-313-4667, Platinum Real Estate, breannatomajko@contactplatinum.com, 440-313-4667

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Ben Schafer Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).

Listing information is deemed reliable, but not guaranteed.

Data Last Updated: 10/31/26 3:52 AM PDT


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