161 High St Elyria, OH 44035
Estimated payment $2,025/month
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
- Duplex
- 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
Kitchen
- Cooktop
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Laminate Countertops
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on upper level
- Washer and Electric Dryer Hookup
Parking
- Common or Shared Parking
- Additional Parking
Outdoor Features
- Exterior Lighting
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
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 | $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
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 |
|---|---|---|---|---|
| 05/13/2026 05/13/26 | Price Changed | $369,000 | -2.6% | $152 / Sq Ft |
| 04/25/2026 04/25/26 | Price Changed | $379,000 | -2.6% | $156 / Sq Ft |
| 04/09/2026 04/09/26 | Price Changed | $389,000 | -2.5% | $160 / Sq Ft |
| 02/12/2026 02/12/26 | For Sale | $399,000 | -- | $164 / Sq Ft |
Purchase 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 | 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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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.