122 Elbe St Elyria, OH 44035
Estimated payment $1,704/month
About This Home
Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.
Listing Agent
Russell Real Estate Services Brokerage Email: tal@premierclevelandinvesting.com, 216-870-8687 License #2018001908 Listed on: 04/29/2026
Co-Listing Agent
Russell Real Estate Services Brokerage Email: tal@premierclevelandinvesting.com, 216-870-8687 License #2025002962
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,457
Year Built
- Built in 1900
Parking
- Driveway
Home Design
- Quadruplex
- Frame Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Additional Features
- 2-Story Property
- 5,227 Sq Ft Lot
- No Cooling
- Basement
Community Details
- W L Fays Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 06-24-087-101-019
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $2,303 | $47,502 | $5,331 | $42,172 |
| 2023 | $1,466 | $26,257 | $2,300 | $23,958 |
| 2022 | $1,461 | $26,257 | $2,300 | $23,958 |
| 2021 | $1,465 | $26,257 | $2,300 | $23,958 |
| 2020 | $1,374 | $21,920 | $1,920 | $20,000 |
| 2019 | $1,366 | $21,920 | $1,920 | $20,000 |
| 2018 | $1,369 | $21,920 | $1,920 | $20,000 |
| 2017 | $1,302 | $19,990 | $1,740 | $18,250 |
| 2016 | $1,286 | $19,990 | $1,740 | $18,250 |
| 2015 | $1,206 | $19,990 | $1,740 | $18,250 |
| 2014 | $1,254 | $21,040 | $1,830 | $19,210 |
| 2013 | $1,244 | $21,040 | $1,830 | $19,210 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/29/2026 04/29/26 | For Sale | $253,000 | +565.8% | -- | |
| 08/31/2018 08/31/18 | Sold | $38,000 | -15.6% | $17 / Sq Ft | View Prior Sale |
| 08/07/2018 08/07/18 | Pending | -- | -- | -- | |
| 07/27/2018 07/27/18 | For Sale | $45,000 | 0.0% | $20 / Sq Ft | |
| 06/07/2018 06/07/18 | Pending | -- | -- | -- | |
| 04/27/2018 04/27/18 | For Sale | $45,000 | -- | $20 / Sq Ft |
Source: MLS Now
MLS Number: 5205281
APN: 06-24-087-101-019
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