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Elyria, OH Multifamily Homes & Duplexes for Sale

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  • /50

    $170,000

    • 4 Beds
    • 2 Baths
    • 1,922 Sq Ft

    227 6th St, Elyria, OH 44035

    Add this duplex to your portfolio now! Tenants pay all the utilities for this property and first floor unit was recently refreshed so just list and find your new tenant in there. This property can be turnkey or has some options to add value if you like. Spacious yard with potential to add more parking in the rear off of that street back there. Tenants have separate laundry in the basement.

    Andrew Jenkins Keller Williams Elevate

    227 6th St, Elyria, OH 44035
  • /11

    $145,000

    • 4 Beds
    • 2 Baths
    • 1,656 Sq Ft

    110 Bell Ave, Elyria, OH 44035

    New Roof, new front porch. New siding, facia and new gutter. Well maintained property with good income. Gross rents total $1,800 per month. 2024 Taxes only $1,820 per year. Tankless water, good furnace. Each tenant pays extra $50 fee per month toward utilities. Gas, Electric and water need to be split or continue to share cost of agreed upon utility amount.

    Mike DeAnna Century 21 DeAnna Realty

    110 Bell Ave, Elyria, OH 44035
  • /33

    $160,000

    • 4 Beds
    • 3 Baths
    • 4,020 Sq Ft

    1120 East Ave, Elyria, OH 44035

    Excellent turnkey investment opportunity! This fully leased triplex offers strong, consistent rental income with all three units occupied through next year. The bottom unit includes exclusive access to on-site laundry, providing added convenience for the tenant. The middle unit has been recently upgraded with brand-new flooring, new kitchen cabinets, and a new refrigerator. The top unit also

    Tim Cline Platinum Real Estate

    1120 East Ave, Elyria, OH 44035
  • /6

    $90,000

    • 4 Beds
    • 2 Baths

    119 Cascade St, Elyria, OH 44035

    Duplex in Elyria! This 4-bedroom, 2-bathroom duplex offers the perfect value-add opportunity. Featuring a full basement and charming front porch, the property has great bones and tons of potential. Each unit offers comfortable living space, ideal for renters or multi-generational living. While the home needs some work, it's priced right for investors ready to renovate and reap the rewards.

    Kit Custer RE/MAX Transitions

    119 Cascade St, Elyria, OH 44035
  • /23

    $175,000

    • 4 Beds
    • 4 Baths
    • 3,920 Sq Ft

    1115 East Ave, Elyria, OH 44035

    4-unit investor special! 2 buildings, one building on George St has 3 apartments, and the second building is the storefront. Total rents would be approximately $3000/mo fully-rented, professional management in place. Sturdy brick construction with newer roofs and vinyl siding, plus many updates such as: newer furnaces (one unit is heated by a boiler), storefront has central AC, upgraded electric

    Michael Ferrante Century 21 Homestar

    1115 East Ave, Elyria, OH 44035
  • /2

    $375,000

    • 4 Beds
    • 5.5 Baths
    • 4,601 Sq Ft

    509 Lake Ave, Elyria, OH 44035

    This fully occupied, professionally managed 3-property single-family portfolio in Lorain and Elyria is cash-flowing at an 8.78% cap rate, with a 12.37% cash-on-cash return and a 1.5 DSCR at 75% LTV. It generates $4,070/month ($48,480 annually) with a current NOI of $32,927. Tenants pay all utilities, and there are no Section 8 tenants. ARV is estimated near $500,000 based on single-family comps,

    Erin Thomas Keller Williams Living

    509 Lake Ave, Elyria, OH 44035
  • /2

    $104,999

    • 3 Beds
    • 2 Baths

    411 9th St, Elyria, OH 44035

    Turnkey duplex. Brings in a ton of rent. Email agent for market rent roll & video tour along with complete investment analysis, drone footage, information on the mechanical systems of the building. Professional property management available. Local & out of state investors welcome!

    James Wise The Holton-Wise Property Group LLC

    411 9th St, Elyria, OH 44035
  • /11

    $195,000

    • 4 Beds
    • 2 Baths
    • 1,840 Sq Ft

    210 High St, Elyria, OH 44035

    Scott Marvin Team Results Realty

    210 High St, Elyria, OH 44035

Why Live in Elyria

Elyria, Ohio, a small city located between Sandusky and Cleveland, is home to over 53,000 residents and offers a mix of regional attractions, including proximity to Lake Erie and major employers like UH Elyria Medical Center and Lorain County. The city features a variety of home styles, with many colonial revivals and ranch-style homes built before 1980. Elyria's real estate market is competitive, with single-family homes and condos available in various price ranges. The city boasts 14 parks, including Cascade Park and Elywood Park, which offer picturesque waterfalls, fitness trails, and wooded green spaces along the Black River. The downtown area is seeing a resurgence of local cafes and eateries, such as Erie Island Coffee Company and Foundry Kitchen and Bar. Elyria also supports a vibrant arts scene through the Elyria Arts Council, which hosts events and classes year-round. The Elyria City School District has a high rating, serving over 5,800 students with a student-teacher ratio of 17:1. Commuting is convenient with interstates 80 and 90 providing routes to Cleveland, Akron, and beyond, while the Lorain County Transit system connects residents to the greater Cleveland metro area. The city has addressed recent flood risks with infrastructure improvements and has a crime risk slightly lower than the national average.

Home Trends in Elyria, OH

Housing Trends

Median Sale Price
$192,250
Median Single Family Sale Price
$192,000
Median Townhouse Sale Price
$157,000
Median 2 Bedroom Sale Price
$205,000
Average Price Per Sq Ft
$132
Number of Homes for Sale
115
Last 12 months Home Sales
716
Months of Supply
1.90
Median List Price
$199,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%
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