1004 East Ave Elyria, OH 44035
Estimated payment $1,076/month
Highlights
- River Front
- Laundry Room
- Baseboard Heating
- 2.24 Acre Lot
- Forced Air Heating System
- Wood Siding
About This Home
Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don’t miss this unique riverfront multifamily opportunity!
Listing Agent
Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com, 216-210-7653 License #426983 Listed on: 05/22/2026
Co-Listing Agent
Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com, 216-210-7653 License #436731
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,248
Year Built
- Built in 1900
Lot Details
- 2.24 Acre Lot
- River Front
Parking
- Gravel Driveway
Home Design
- Quadruplex
- Fiberglass Roof
- Asphalt Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 3-Story Property
- Unfinished Basement
- Walk-Out Basement
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Baseboard Heating
Community Details
- East Ave Subdivision
Listing and Financial Details
- Assessor Parcel Number 06-26-020-000-010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,248 | $24,892 | $10,626 | $14,266 |
| 2023 | $1,622 | $28,179 | $6,160 | $22,019 |
| 2022 | $1,555 | $28,179 | $6,160 | $22,019 |
| 2021 | $1,624 | $28,179 | $6,160 | $22,019 |
| 2020 | $1,672 | $25,830 | $5,650 | $20,180 |
| 2019 | $1,662 | $25,830 | $5,650 | $20,180 |
| 2018 | $1,638 | $25,830 | $5,650 | $20,180 |
| 2017 | $1,595 | $24,690 | $5,310 | $19,380 |
| 2016 | $1,588 | $24,690 | $5,310 | $19,380 |
| 2015 | $1,490 | $24,690 | $5,310 | $19,380 |
| 2014 | -- | $24,690 | $5,310 | $19,380 |
| 2013 | $1,664 | $24,690 | $5,310 | $19,380 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/22/2026 05/22/26 | For Sale | $179,900 | +176.8% | $45 / Sq Ft | |
| 06/27/2024 06/27/24 | Sold | $65,000 | -31.5% | $16 / Sq Ft | View Prior Sale |
| 05/29/2024 05/29/24 | Pending | -- | -- | -- | |
| 04/10/2024 04/10/24 | For Sale | $94,900 | +1337.9% | $24 / Sq Ft | |
| 07/28/2015 07/28/15 | Sold | $6,600 | -55.7% | $3 / Sq Ft | View Prior Sale |
| 07/15/2015 07/15/15 | Pending | -- | -- | -- | |
| 03/09/2015 03/09/15 | For Sale | $14,900 | -- | $6 / Sq Ft |
Source: MLS Now
MLS Number: 5209788
APN: 06-26-020-000-010
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Ask me questions while you tour the home.