Elyria Ohio Multi-Family Homes for Sale

Elyria Ohio Multi-Family Homes for Sale

$135,000
7 Beds 4 Baths 5209788 MLS
Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don’t miss this unique riverfront multifamily opportunity!

1004 East Avenue, Elyria

Listing Courtesy of: Christopher A Frederick, thefrederickteam@gmail.com With Coldwell Banker Schmidt Realty

Selling Office: WR Western Reserve Real Estate.

$176,513
6 Beds 2 Baths 5196871 MLS
Some properties are priced for perfection. This one is priced for potential — and that's exactly the point. This side-by-side duplex is a straightforward opportunity for the investor who knows how to see past paint and patched walls, or for the buyer who's ready to stop paying someone else's mortgage and start building something of their own. House hacking done right starts with a property like this. Each unit offers 1,220 square feet, 3 bedrooms, a full bath, and an attached single-car garage — a layout that rents well and lives well. One side is currently tenant-occupied and generating income from day one. The other side is vacant, has been updated, and is move-in ready with two things standing between you and full occupancy: paint and a little wall repair. That's it. That's the ask. The big stuff? Already handled. A brand new roof and gutters installed November 2023— one of the most expensive line items any investor dreads is already off your list. The pricing here is intentional. It reflects the current rental market in the area, the cosmetic work ahead, and the very real upside waiting on the other side of it. This isn't a hidden gem that nobody noticed. It's a property that rewards buyers who show up prepared and move with clarity. Whether you're adding to a portfolio or stepping into your first house hack, 508-510 Wood St meets you where you are — and gives you room to grow. Priced for the work. Built for the return.

508 Wood Street, Elyria

Listing Courtesy of: Traci Taylor, tracitaylorrealtor@gmail.com With EXP Realty, LLC.

Selling Office: Russell Real Estate Services.

$85,000
5 Beds 2 Baths 5120330 MLS
Prepare to be Moved! Spacious Double in Elyria – Ideal Investment or Owner-Occupied Property This charming double in Elyria offers incredible potential, whether you’re looking for an income property or a place to call home while renting out the other unit. Featuring two units – one on the lower level and one upstairs – this property offers both comfort and versatility. The downstairs suite is spacious and inviting, with 3 bedrooms, a bright and cozy living room, and a charming breakfast nook. The kitchen boasts modern finishes, while the newer bathroom adds to the unit’s appeal. Upstairs, you’ll find a second suite offering 2 bedrooms, a large living room, and an updated kitchen. Newer carpeting throughout the upper unit ensures a fresh and comfortable living space. Each unit has a designated and separate basement space - each offering a laundry hook-up and plenty of room for storage or future projects. Enjoy the outdoors from the fantastic covered front porch, perfect for relaxing or entertaining guests. Update include newer roof, overhang has been replaced (2025). The shaded yard provides a serene setting, while off-street parking ensures convenience for both tenants or owners. This property is perfect for investors looking for a solid income-generating property, or for someone who wants to live in one unit and rent out the other to cover mortgage costs. Don't miss out on this fantastic opportunity in Elyria! Schedule a showing today and see the potential for yourself!

1103 Middle Avenue, Elyria

Listing Courtesy of: Ed Huck, teaminfo@edhuckteam.com With Keller Williams Citywide

Selling Office: Coldwell Banker Schmidt Realty.

$120,000
4 Beds 2 Baths 5077956 MLS
**Charming Duplex in Elyria! A Fantastic Investment Opportunity!** Welcome to this beautifully maintained side-by-side duplex located in the heart of Elyria! This property offers the perfect blend of comfort and potential, ideal for both investors and those looking to live in one unit while generating rental income from the other. The duplex features two separate living spaces: one side boasts 2 bedrooms, 1 bath, and a versatile bonus room, while the other side is a spacious 2-bedroom, 1-bath unit and a versatile bonus room, that is currently occupied, providing immediate rental income. Each unit offers private access to walk-up attics and dedicated basements complete with laundry facilities, ensuring convenience and privacy. Enjoy the outdoors with a lovely front porch perfect for morning coffee and a nice back patio for relaxation or entertaining guests. The property has been thoughtfully updated with newer windows, fresh paint, and stylish flooring, making it move-in ready. The roof is in great shape, providing peace of mind with no leaks reported. This duplex not only provides a comfortable living space but also presents an excellent investment opportunity. With one side currently vacant, you have the flexibility to occupy it yourself or rent it out to maximize your income potential. The desirable location in Elyria ensures easy access to local amenities, parks, and schools, making it attractive to future tenants. Don't miss out on this opportunity to own a well-maintained duplex in a growing community. Whether you're looking for a smart investment or a home with income potential, this property checks all the boxes. Schedule your showing today and discover the possibilities that await!

220 Chestnut Street, Elyria

Listing Courtesy of: Sam LoFaso, sold@samlofaso.com With LoFaso Real Estate Services

Selling Office: Keller Williams Elevate.

$86,000
4 Beds 2 Baths 5068790 MLS
Attention all investors! All-brick exterior duplex is the perfect opportunity for the beginning investor or a great addition to your existing portfolio. One unit is currently vacant for easy showings, but it's rent-ready for an owner-occupant (live in one unit and let the other cover your mortgage) or rent both units to maximize revenue. First-floor unit is tenant-occupied & will be shown to serious buyers only. Includes a 3rd-floor walk-up, easily accessible from either unit, providing valuable storage or potential expansion space. Each 2-bedroom, 1-bath unit features a desirable floor plan, well-lit w/hardwood & hard surface flooring throughout. Market rent is approximately $795 per month, appliances included. Tenants pay for gas/electric, while the owner covers water/sewer/trash. Full basement offers washer/dryer for tenant use if desired. Recent updates include a newer roof, updated electrical, & 2021 hot water tank. Property is self-managed by an out-of-state investor, but professional management services are available for a smooth transition. 2nd-floor unit, 3rd floor attic, & basement are easy to show on short notice. Great SECTION 8 property, low taxes/expenses, low regulation with no lead certification requirement. Don’t miss this lucrative opportunity—schedule your tour today!

2394 Elyria Avenue, Elyria

Listing Courtesy of: Christopher A Frederick, thefrederickteam@gmail.com With Coldwell Banker Schmidt Realty

Selling Office: Home Equity Realty Group.

$159,900
3 Beds 2 Baths 5039704 MLS
Welcome to this Elyria duplex located within walking distance from downtown and the hospital. This property is a great opportunity for anyone looking to generate a secondary income. You can live in one unit and rent out the other or rent both units. The bottom unit has recently been renovated and has 1 bedroom and a single full bathroom. Step inside and be greeted by the cozy living room with carpeted flooring. The large dining area can be found just past the living room and features large windows that fills this level with natural light. The kitchen has new stainless steel appliances and provides plenty of storage with its built-in cabinetry. The bedroom has a spacious feel to it and also has an en-suite bathroom. The bathroom has a walk-in shower and single sink vanity. The second unit is located on the second floor of the home and is currently owner occupied. This unit has 2 bedrooms and 1 full bathroom. Take a look inside and be greeted by the newly refinished hardwood floors of the living room. The kitchen has tiled flooring, a stainless steel sink, and white appliances. The 2 bedrooms are large in size and have convenient access to the shared full bathroom. The full bathroom has been recently renovated with a single-sink vanity, built-in storage, and a shower/tub combo. This unit also has access to the partially finished 3rd floor that could be used for storage or for whatever your needs may be. Each unit has its own private laundry area. Don't miss out on this opportunity and schedule your private showing today!

121 Lincoln Court, Elyria

Listing Courtesy of: Anthony R Latina, anthonylatinarealestate@gmail.com With RE/MAX Crossroads Properties

Selling Office: Russell Real Estate Services.

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Elyria Ohio Multi-Family Homes

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