228 Gates Ave Elyria, OH 44035
Estimated payment $790/month
About This Home
Great turn-key investment property! This duplex features 2 bedroom & 1 full bath on each unit. A large living room, remodeled kitchen & an updated full bathroom are found in each move in ready unit. The basement provides ample storage and has been recently waterproofed(2022). Newer Hot water tanks 2019 up & 2019 down; Sump pump(2022), Newer Furnaces 2021 up, 2017 down. New fridges in both units. Both units are occupied with wonderful tenants. The downstairs tenant is month to month paying $875 and upstairs tenant's lease expires on 12/31/2026 and they are paying $720. $1595 a month in rent, great cash flowing double Tenant pays all utilities except water and sewer! No showings until the offer is accepted. Great location close to shopping areas, downtown Elyria, Schools and much more! Call today!
Listing Agent
EXP Realty, LLC. Brokerage Email: home4u@georgesoldit.com, 440-502-9128 License #2021003089 Listed on: 04/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,465
Year Built
- Built in 1900
Lot Details
- 3,485 Sq Ft Lot
- Partially Fenced Property
- Wood Fence
- Chain Link Fence
Home Design
- Duplex
- Slate Roof
- Vinyl Siding
Interior Spaces
- 1,491 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- No Garage
- Paved Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- Gates Subdivision
Listing and Financial Details
- Assessor Parcel Number 06-26-019-102-010
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 | $1,465 | $30,212 | $4,935 | $25,277 |
| 2023 | $820 | $14,557 | $2,863 | $11,694 |
| 2022 | $810 | $14,557 | $2,863 | $11,694 |
| 2021 | $820 | $14,557 | $2,863 | $11,694 |
| 2020 | $837 | $13,350 | $2,630 | $10,720 |
| 2019 | $832 | $13,350 | $2,630 | $10,720 |
| 2018 | $813 | $13,350 | $2,630 | $10,720 |
| 2017 | $793 | $11,670 | $2,470 | $9,200 |
| 2016 | $751 | $11,670 | $2,470 | $9,200 |
| 2015 | $704 | $11,670 | $2,470 | $9,200 |
| 2014 | $731 | $11,670 | $2,470 | $9,200 |
| 2013 | $690 | $11,670 | $2,470 | $9,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/01/2026 05/01/26 | Price Changed | $125,000 | -7.4% | $84 / Sq Ft | |
| 04/24/2026 04/24/26 | For Sale | $135,000 | 0.0% | $91 / Sq Ft | |
| 04/14/2026 04/14/26 | Pending | -- | -- | -- | |
| 04/02/2026 04/02/26 | For Sale | $135,000 | +20.5% | $91 / Sq Ft | |
| 04/21/2022 04/21/22 | Sold | $112,000 | +1.8% | $75 / Sq Ft | View Prior Sale |
| 03/20/2022 03/20/22 | Pending | -- | -- | -- | |
| 03/10/2022 03/10/22 | For Sale | $110,000 | 0.0% | $74 / Sq Ft | |
| 02/24/2022 02/24/22 | Pending | -- | -- | -- | |
| 02/22/2022 02/22/22 | For Sale | $110,000 | 0.0% | $74 / Sq Ft | |
| 01/17/2022 01/17/22 | Pending | -- | -- | -- | |
| 01/11/2022 01/11/22 | For Sale | $110,000 | -- | $74 / Sq Ft |
Source: MLS Now
MLS Number: 5198378
APN: 06-26-019-102-010
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Ask me questions while you tour the home.