NOT LISTED FOR SALE

157 Harvard Ave Elyria, OH 44035

5 Beds
3 Baths
2,266 Sq Ft
6,534 Sq Ft Lot

Last Sold May 01, 2025

Last sale price $230,000 $102 Per Sq Ft

13 Days on Market

About This Home

As of May 2025

Prime Triplex Investment Opportunity in Elyria, OH – Grossing Nearly $4K/Month!

Unlock the potential of this well-maintained triplex in the heart of Elyria, OH! Whether you're an investor looking for steady cash flow or a homeowner seeking rental income, this property delivers with three fully rented units generating nearly $4,000 per month.

Property Breakdown:

1st Floor Unit: 2 bed, 1 bath – Long-term tenant on a month-to-month lease at $1,000/month (tenant pays electric & gas).
2nd Floor Unit: 2 bed, 1 bath – Active Airbnb rental.
3rd Floor Unit: 1 bed, 1 bath – Also an Airbnb rental.
Airbnb Earnings: The 2nd and 3rd-floor units generate approximately $2,700/month combined.
Key Updates & Features:

New furnace installed (March 2020)
Stack replacement (February 2023)
First-floor water heater replaced (November 2016)
Third-floor water heater manufactured in December 2011
Far-right garage door springs repaired (March 2025)
2nd and 3rd-floor units recently updated

This property boasts a strong rental history, recent improvements, and a solid foundation for long-term income generation. Don't miss this opportunity to own a turnkey investment in a desirable rental market!

Schedule your showing today!

Last Agent to Sell the Property

Mark Gepperth

Keller Williams Citywide Brokerage Email: Mgepperth@aol.com 440-477-0166 License #427039 Listed on: 03/18/2025

Keller Williams Citywide

Co-Listed By

Brendan Kilbane

Keller Williams Citywide Brokerage Email: Mgepperth@aol.com 440-477-0166 License #2021003060

Last Buyer's Agent

Shirley Ottallah

Century 21 Homestar License #2022005939

Century 21 Homestar

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,101

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot

Parking

  • 3 Car Detached Garage

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Eastern Heights Land Companys 01 Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, heat
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 06-25-005-103-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,101

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1900
  • Attribution Contact: Mgepperth@aol.com 440-477-0166
  • Co List Office Phone: 440-892-2211
  • Subdivision Name: Eastern Heights Land Companys 01
  • Above Grade Finished Sq Ft: 2266.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More, Two
  • Tax Year: 2024
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Common Basement, Full, Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.15
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Detached, Garage, Paved

Utilities

  • LaundryFeatures: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-25-005-103-015
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas, Heat

Tax Info

  • Tax Annual Amount: 3101.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2025 05/01/25 Sold $230,000 +7.0% $102 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $214,900 +13.1% $95 / Sq Ft
07/01/2022 07/01/22 Sold $190,000 +5.6% $84 / Sq Ft View Prior Sale
05/18/2022 05/18/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $179,900 +24.1% $79 / Sq Ft
04/07/2020 04/07/20 Sold $145,000 -3.3% $64 / Sq Ft View Prior Sale
02/24/2020 02/24/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $149,900 -- $66 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mark Gepperth

    Seller's Agent in 2025

    Mark Gepperth

    Keller Williams Citywide

    (440) 477-0166

    20 in this area

    378 Total Sales

    Mark Gepperth
    Section Image
  • Brendan Kilbane

    Seller Co-Listing Agent in 2025

    Brendan Kilbane

    Keller Williams Citywide

    (440) 892-2211

    3 in this area

    20 Total Sales

    Brendan Kilbane
    Section Image
  • Shirley Ottallah

    Buyer's Agent in 2025

    Shirley Ottallah

    Century 21 Homestar

    (216) 235-5819

    2 in this area

    7 Total Sales

    Shirley Ottallah
    Section Image

  • M

    Seller's Agent in 2022

    Mike Stoerkel

    EXP Realty, LLC.

    (330) 701-4426

    1 in this area

    83 Total Sales

    Mike Stoerkel
    Section Image

  • K

    Seller's Agent in 2020

    Kimberly Holmen Lang

    Howard Hanna

    (440) 371-1268

    41 in this area

    68 Total Sales

    Kimberly Holmen Lang
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5104764

MLS Now

APN: 06-25-005-103-015

Ohio Lorain County Elyria 44035

157 Harvard Ave, Elyria, OH

Not Listed for Sale

MultiFamily

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