Elyria, OH Multifamily Homes & Duplexes for Sale

/44
$119,900
- 4 Beds
- 2 Baths
- 1,478 Sq Ft
229 7th St, Elyria, OH 44035

Nice Elyria duplex. Seller converted both units to electric baseboard heat about nine years ago. Enclosed front porch. Off-street parking. Down unit is a large one-bedroom, up is two bedrooms with a long-term tenant. Seller seeking cash buyers only, firm on price.

John Fitch

Market First Real Estate Services

(440) 581-8662

229 7th St, Elyria, OH 44035
Explore Elyria
/33
$170,000
- 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
/39
$145,000
- 4 Beds
- 2 Baths
- 1,824 Sq Ft
409 Gulf Rd, Elyria, OH 44035

Great investment opportunity or live in one unit and let the tenant pay a portion of the mortgage. 2 family unit w/ 2 bedroom & 1 bath in each. Upper unit offers rear balcony. Both units mirror images of one another with 15 x 10 living room w/ hardwood flooring, 14 x 11 eat- in kitchen w/ vinyl flooring & stove, 1st bedroom measures 15 x 13 & 2nd bedroom measures 15 x 14 both w/ hardwood flooring

Dawn Balog Russell Real Estate Services

409 Gulf Rd, 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
/24
$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
/18
$209,000
- 5 Beds
- 3 Baths
140 School St, Elyria, OH 44035

Attention Investors, Cash Flowing Duplex in Elyria.This is a large first-floor unit with three bedrooms and two full bathrooms. The bottom unit has two large family rooms, a spacious kitchen and pantry, and a laundry room that connects to a mudroom. The second floor is a 2 bedroom with one full bathroom with its own driveway. This unit has access to its own back deck and a large

Brian LaRiche Keller Williams Greater Cleveland Northeast

140 School St, Elyria, OH 44035
/2
$114,999
- 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

Ohio Lorain County Elyria

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.

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Home Trends in Elyria, OH

On average, homes in Elyria, OH sell after 50 days on the market compared to the national average of 70 days. The median sale price for homes in Elyria, OH over the last 12 months is $235,000, up 7% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$235,000

Median Single Family Sale Price

$247,900

Median 2 Bedroom Sale Price

$219,900

Average Price Per Sq Ft

$151

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.30

Median List Price

$245,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Elyria, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $90,000 to $209,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Elyria is $245,000, while the average sale price is $237,712, offering insights into the local housing market. On average, multi-family homes spend 50 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Elyria, OH.

Elyria Types of Homes for Sale

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