Seller's Agent in 2025
Mark Gepperth
Keller Williams Citywide
(440) 477-0166
20 in this area
374 Total Sales
157 Harvard Ave Elyria, OH 44035
5
Beds
3
Baths
2,266
Sq Ft
6,534
Sq Ft Lot
About This Home
As of May 2025Prime 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
Keller Williams Citywide Brokerage Email: Mgepperth@aol.com 440-477-0166 License #427039 Listed on: 03/18/2025
Co-Listed By
Keller Williams Citywide Brokerage Email: Mgepperth@aol.com 440-477-0166 License #2021003060
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 | $3,101 | $63,298 | $7,791 | $55,507 |
| 2023 | $2,938 | $52,745 | $7,980 | $44,765 |
| 2022 | $2,935 | $52,745 | $7,980 | $44,765 |
| 2021 | $2,942 | $52,745 | $7,980 | $44,765 |
| 2020 | $2,829 | $45,120 | $6,830 | $38,290 |
| 2019 | $2,812 | $45,120 | $6,830 | $38,290 |
| 2018 | $1,661 | $45,120 | $6,830 | $38,290 |
| 2017 | $2,527 | $38,800 | $7,310 | $31,490 |
| 2016 | $2,495 | $38,800 | $7,310 | $31,490 |
| 2015 | $2,341 | $38,800 | $7,310 | $31,490 |
| 2014 | $2,290 | $38,420 | $7,240 | $31,180 |
| 2013 | $2,270 | $38,420 | $7,240 | $31,180 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Gepperth
-
Brendan Kilbane
Seller Co-Listing Agent in 2025
Brendan Kilbane
Keller Williams Citywide
(440) 892-2211
3 in this area
20 Total Sales
-
Shirley Ottallah
Buyer's Agent in 2025
Shirley Ottallah
Century 21 Homestar
(216) 235-5819
2 in this area
8 Total Sales
-
Mike Stoerkel
M
Seller's Agent in 2022
Mike Stoerkel
EXP Realty, LLC.
(330) 701-4426
1 in this area
81 Total Sales
-
Kimberly Holmen Lang
K
Seller's Agent in 2020
Kimberly Holmen Lang
Howard Hanna
(440) 371-1268
39 in this area
65 Total Sales
Map
Source: MLS Now
MLS Number: 5104764
APN: 06-25-005-103-015
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