161 High St Elyria, OH 44035
Highlights
- New Construction
- Open Floorplan
- Kitchen Island
- City Lights View
- Bar
- Central Air
About This Home
(Walking tour)
Brand New Construction Duplex – Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft). Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns. As new construction completed in December 2025, the property also includes a 1-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns — this is a true turnkey investment.
Listing Agent
HomeWise Real Estate, LLC Brokerage Email: 614-432-7325, Sharon@homewisemls.com License #358029 Listed on: 02/12/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2025 | New Construction
Lot Details
- 10,019 Sq Ft Lot
- Street terminates at a dead end
- South Facing Home
- Wood Fence
- Back Yard
Home Design
- Blown-In Insulation
- Asphalt Roof
- Concrete Siding
- Vinyl Siding
Interior Spaces
- 2,432 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Bar
- Window Screens
- City Lights Views
- Fire and Smoke Detector
- Laundry in unit
Kitchen
- Cooktop
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Laminate Countertops
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Parking
- Common or Shared Parking
- Additional Parking
Utilities
- Central Air
- Heating System Uses Gas
Community Details
- Wm A Bramans Sub Subdivision
- Operating Expense $2,500
Listing and Financial Details
- Home warranty included in the sale of the property
- The owner pays for grounds care, snow removal
- Assessor Parcel Number 06-24-027-108-032
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 | $378 | $7,791 | $7,791 | -- |
| 2023 | $41 | $0 | $0 | $0 |
| 2022 | $358 | $5,999 | $5,999 | $0 |
| 2021 | $367 | $5,999 | $5,999 | $0 |
| 2020 | $1,579 | $19,750 | $5,010 | $14,740 |
| 2019 | $1,233 | $19,750 | $5,010 | $14,740 |
| 2018 | $1,260 | $19,750 | $5,010 | $14,740 |
| 2017 | $1,127 | $17,730 | $4,870 | $12,860 |
| 2016 | $1,112 | $17,730 | $4,870 | $12,860 |
| 2015 | $1,042 | $17,730 | $4,870 | $12,860 |
| 2014 | $1,137 | $18,650 | $5,120 | $13,530 |
| 2013 | $1,072 | $18,650 | $5,120 | $13,530 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2026 02/12/26 | For Sale | $399,000 | -- | $164 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Source: MLS Now
MLS Number: 5186668
APN: 06-24-027-108-032
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Ask me questions while you tour the home.