$119,900
PENDING

231 Oberlin Rd Elyria, OH 44035

Estimated payment $770/month

Total Views 41,919
7 Beds
3 Baths
2,306 Sq Ft
$52 Price per Sq Ft

About This Home

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.

Listing Agent

Michael Hignett

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

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

  • 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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

Property History

Date Event Price Change Sq Ft Price
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
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

Purchase History

Date Type Sale Price Title Company
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
Closed $78,750 New Conventional
Previous Owner $35,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Michael Hignett

Northern Ohio Realty

(440) 291-5172

Section Image

I'm an expert real estate agent with Northern Ohio Realty in Lorain County, OH and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.

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Source: MLS Now

MLS Number: 5139314

MLS Now

APN: 10-00-003-118-023