$179,900
UNDER CONTRACT

1004 East Ave Elyria, OH 44035

Estimated payment $1,076/month

Total Views 3,378
7 Beds
4 Baths
4,004 Sq Ft
$45 Price per Sq Ft

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

Christopher Frederick

Coldwell Banker Schmidt Realty Brokerage Email: thefrederickteam@gmail.com, 216-210-7653 License #426983 Listed on: 05/22/2026

Coldwell Banker Schmidt Realty

Co-Listing Agent

Michele Frederick

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,248

Year Built

Built in 1900

Lot Details

2.24 Acres

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1900
  • Attribution Contact: thefrederickteam@gmail.com, 216-210-7653
  • Road Frontage Type: River
  • ResoLotFeatures: Waterfront
  • Co List Office Phone: 440-327-2123
  • Subdivision Name: East Ave
  • Above Grade Finished Sq Ft: 2518.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Tax Year: 2025
  • Property Sub Type Additional: Quadruplex
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1486.0
  • Stories: 3
  • Stories: 3

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 2.24
  • Pool Private: No
  • Waterfront Features: River Front, Waterfront
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Other, Vinyl Siding, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel

Utilities

  • LaundryFeatures: Laundry Room
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-26-020-000-010

Tax Info

  • Tax Annual Amount: 1248.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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

Source: MLS Now

MLS Number: 5209788

MLS Now

APN: 06-26-020-000-010

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