$106,000
SOLD OCT 15, 2025

231 Oberlin Rd Elyria, OH 44035

7 Beds
3 Baths
2,306 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$46 Per Sq Ft

12% Below List Price

39 Days on Market

About This Home

As of October 2025

All the tenants have leases in place until summer of 2026. Great investment opportunity. All information is deemed accurate but cannot be guaranteed. Buyer to perform due diligence. Please do not go to the property without an appointment and agent. Please do not disturb the Tenants.

Last Agent to Sell the Property

Michael Hignett

Northern Ohio Realty Brokerage Email: 440-366-0099, northernohiorealty@gmail.com License #2014000042 Listed on: 07/11/2025

Last Buyer's Agent

Non-Member Non-Member

Non-Member License #9999

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • South Facing Home

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 2,306 Sq Ft Home
  • 2-Story Property
  • Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • Common or Shared Parking
  • Driveway

Utilities

  • No Cooling
  • Heating System Uses Gas

Community Details

  • Obitts Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, internet, snow removal
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 10-00-003-118-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Triplex
  • Year Built: 1900
  • Attribution Contact: 440-366-0099, northernohiorealty@gmail.com
  • Subdivision Name: Obitts
  • Above Grade Finished Sq Ft: 2306.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Reso Property Condition: Unknown
  • Tax Year: 2024
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Fencing: None
  • Acres: 0.17
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Direction Faces: South

Garage/Parking

  • Attached Garage: No
  • Parking Features: Common, Driveway, No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Elyria CSD - 4706

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 10-00-003-118-023

Rental Info

  • Owner Pays: Sewer, Trash Collection
  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Snow Removal

Multi Family

  • Gross Income: 2200.0

Tax Info

  • Tax Annual Amount: 3544.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2025
Closed on
Oct 13, 2025
Sold by
Jmw Capital Llc
Bought by
Penner James Edward
Seller's Agent
Michael Hignett
Northern Ohio Realty
Buyer's Agent
Non-Member Non-Member
Non-Member
List Price
$119,900
Sold Price
$106,000
Premium/Discount to List
-$13,900
-11.59%
Views
1590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.40%
Original Mortgage
$79,500
Outstanding Balance
$79,500
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$29,894

Purchase Details

Listed on
Nov 17, 2022
Closed on
Jan 20, 2023
Sold by
Bcd Properties Inc
Bought by
Jmw Capital Llc
Seller's Agent
Tal Tamir
Russell Real Estate Services
Buyer's Agent
James Wise
The Holton-Wise Property Group LLC
List Price
$114,900
Sold Price
$105,000
Premium/Discount to List
-$9,900
-8.62%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.35%
Original Mortgage
$78,750
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2018
Sold by
Nixon Marlene M and Marlene M Nixon Revocable Trus
Bought by
Bcd Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2016
Sold by
Nixon Marlene Mildred
Bought by
Malenene M Nixon and Nixon Revocable Trust

Purchase Details

Closed on
Mar 21, 2002
Sold by
Fitzpatrick Pearl I
Bought by
Mason Felicia and Fitzpatrick Pearl I

Purchase Details

Closed on
Nov 10, 1994
Sold by
Frederick J Lennen
Bought by
Nixon Richard L and Nixon Marlene M
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $106,000 Fidelity National Title
Warranty Deed $105,000 --
Warranty Deed $15,000 None Available
Warranty Deed -- --
Interfamily Deed Transfer -- None Available
Deed $21,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $79,500 New Conventional
Previous Owner $78,750 New Conventional
Previous Owner $35,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2025 10/15/25 Sold $106,000 -11.6% $46 / Sq Ft
08/19/2025 08/19/25 Pending -- -- --
07/11/2025 07/11/25 For Sale $119,900 +14.2% $52 / Sq Ft
01/25/2023 01/25/23 Sold $105,000 -8.6% $46 / Sq Ft View Prior Sale
12/19/2022 12/19/22 Pending -- -- --
12/08/2022 12/08/22 For Sale $114,900 0.0% $50 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
11/17/2022 11/17/22 For Sale $114,900 -- $50 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

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 $1,416 $28,700 $6,720 $21,980
2023 $789 $14,130 $2,457 $11,673
2022 $786 $14,130 $2,457 $11,673
2021 $788 $14,130 $2,460 $11,670
2020 $812 $12,950 $2,250 $10,700
2019 $1,014 $12,950 $2,250 $10,700
2018 $1,025 $16,670 $2,250 $14,420
2017 $1,010 $15,500 $2,270 $13,230
2016 $972 $15,500 $2,270 $13,230
2015 $911 $15,500 $2,270 $13,230
2014 $900 $15,500 $2,270 $13,230
2013 $891 $15,500 $2,270 $13,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5139314

MLS Now

APN: 10-00-003-118-023