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$105,000
4 Beds 2 Baths 5236376 MLS
Investor opportunity in Elyria! This well-maintained duplex offers flexible living options and can be utilized as a traditional duplex, a single-family home with 4 bedrooms and 2 full baths, or a home with an in-law suite upstairs. The first-floor unit features 2 bedrooms, 1 full bath, 1,104 sq ft, and a welcoming living room with a fireplace. The second-floor unit offers 2 bedrooms, 1 full bath, and 1,036 sq ft. A security door between the two apartments can be left open, allowing the property to function as one connected 4-bedroom, 2-bath home. Both levels feature spacious layouts, neutral colors, built-in shelving and cabinetry, and a range and refrigerator. The unfinished basement provides additional storage space. Previously rented for $1,200/month on the first floor and $900/month on the second floor, this property offers excellent flexibility for investors or owner-occupants. Utilize the property as a traditional duplex for rental income, a single-family 4-bedroom, 2-bath home, or an in-law suite upstairs. Convenient Elyria location with multiple possibilities to fit your needs!

934 Middle Avenue, Elyria

Listing Courtesy of: Joy Larson, jfivehomes@gmail.com With Keller Williams Elevate

$108,000
4 Beds 2 Baths 5231117 MLS
Duplex investment opportunity in Elyria featuring two units, each offering 2 bedrooms and 1 bathroom, providing strong rental appeal and flexibility for investors. One unit is currently occupied at $800/month on a month-to-month lease, while the second unit is vacant, offering immediate value-add potential through lease-up or rent increases. Tenants are responsible for all utilities, including water, helping keep operating expenses low. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

121 Neufer Court, Elyria

Listing Courtesy of: Kim Lewis, kim.lewis@heqrealty.com With Home Equity Realty Group

$105,000
3 Beds 2 Baths 5224263 MLS
Welcome to 1318 Middle Ave in Elyria, a duplex full of potential and an excellent opportunity for investors or owner-occupants looking to build equity. With projected HUD Fair Market Rent exceeding $2,000 per month, this property offers strong income potential while leaving room for future appreciation. Many of the major improvements have already been completed, including a new roof in 2021, along with newer windows, a newer front porch, and some updated siding. Combined with recent fixture updates in the kitchen and bathroom, this property is truly turnkey and ready for its next owner. The first-floor unit offers one bedroom, while the second-floor unit features two bedrooms, including a finished third-floor dormer that provides additional living space and flexibility. Both the upstairs and downstairs refrigerators and stoves will convey with the sale. Separate gas and electric meters, along with separate water heaters for each unit, make utility management simple. Both units also have access to the basement, complete with laundry hookups. Whether you're looking for your next investment property, a house hack, or a duplex with solid bones and room to add value over time, 1318 Middle Ave offers the perfect combination of immediate cash flow, major capital improvements and future upside. Make your appointment today!

1318 Middle Avenue, Elyria

Listing Courtesy of: Jeffrey McManamon, jeff@hotdoors.com With Hotdoors, LLC

$289,900
4 Beds 4 Baths 5209212 MLS
Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features three occupied units and one vacant unit, offering immediate income with additional upside through lease-up or rent growth. Current rents include Unit 1 at $850/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $880/month through the Lorain Metropolitan Housing Authority ($582 subsidy plus $298 tenant portion) with lease expiring 8/31/2026. Unit 4 at $1100/month (lease expires 10/31/2026 then converts to month to month) The property features a durable brick exterior and numerous updates, including a new boiler system, helping reduce future capital expenditures. Conveniently located near shopping, dining, schools, and major highways, this property offers stable tenancy and strong rental demand. Whether you're a seasoned investor looking for a performing asset or seeking to expand your multifamily portfolio, 428 West Ave presents a compelling opportunity with immediate income and value-add potential.

428 West Avenue, Elyria

Listing Courtesy of: Kquawan Brown, kquawanbrown@kw.com With Keller Williams Greater Metropolitan

$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.

$203,750
4 Beds 4 Baths 5205281 MLS
Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.

122 Elbe Street, Elyria

Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services

$168,500
5 Beds 2 Baths 5201397 MLS
Triplex investment opportunity in Elyria featuring two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, offering a strong unit mix for consistent rental demand. The two-bedroom units are currently rented at $850 and $725, with one lease secured through March 2027 and the other recently expired, providing flexibility for potential rent increases, while the one-bedroom unit is rented at $550 on a month-to-month lease. Tenants do not pay utilities, with the owner responsible for water, gas, and electric. The property has been well maintained, making it a solid addition to any investment portfolio with both stable income and value-add potential. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

622 Middle Avenue, Elyria

Listing Courtesy of: Kim Lewis, kim.lewis@heqrealty.com With Home Equity Realty Group

Selling Office: Keller Williams Citywide.

$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.

$145,800
4 Beds 2 Baths 5191632 MLS
This well-maintained, side-by-side ranch duplex offers an excellent opportunity for both investors and owner-occupants. Each unit features two bedrooms, one full bathroom, and comfortable single-level living. Durable vinyl plank flooring and fresh, neutral paint create a clean and inviting interior. The side-by-side layout provides added privacy for occupants, while the ranch-style design offers convenience and broad rental appeal. One unit is currently occupied by a stable tenant, and the second unit is vacant, creating the perfect opportunity to live in one side while collecting rental income from the other. Investors can also place a new tenant and add a solid income-producing property to their portfolio. Whether you are expanding your investment portfolio or looking for an affordable owner-occupied opportunity, this versatile duplex is worth a look!

211 Brace Avenue, Elyria

Listing Courtesy of: Jacqueline A Jakacki, jacki@your2020group.com With RE/MAX Above & Beyond

$119,000
4 Beds 3 Baths 5183741 MLS
Turnkey, cash-flowing 3-unit multifamily investment with long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. Tenants handle landscaping and minor repairs, reducing owner involvement. Property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. Unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1,750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate at asking price. All utilities are on one meter for simplified management. Ideal buy-and-hold opportunity offering immediate cash flow from day one. Don’t miss this solid income-producing asset—contact agent for additional details.

317 West Avenue, Elyria

Listing Courtesy of: Marian Lukach, mariog.lukach@gmail.com With Keller Williams Greater Metropolitan

Selling Office: EXP Realty, LLC..

$127,000
5 Beds 2 Baths 5178280 MLS
Turnkey duplex in the heart of South Elyria, ideally located near UH Elyria Medical Center, EMH Hospital, LCCC, and major commuter routes. Perfect for strong, reliable rental demand. The entire property has been updated with a clean, modern feel, featuring neutral paint, new LVP flooring, refreshed kitchens, and baths enhanced with custom tile work for a polished finish. Unit 1 offers 3 beds/1 bath - 1 bed on main and 2 beds up. Unit 2 features 2 beds/1 bath. Major improvements include a new roof and gutters (Jan 2025) and a new downstairs furnace (Jan 2025). Property also includes an oversized 2-car garage. A stylish, low-maintenance investment opportunity in a high-demand rental corridor.

338 17th Street, Elyria

Listing Courtesy of: Theresa M Seese, Theresa@sellwithseese.com With McDowell Homes Real Estate Services

Selling Office: D.A.R.E.

$145,000
4 Beds 3 Baths 5140687 MLS
Excellent turnkey investment opportunity! This fully leased triplex offers strong, consistent rental income with all three units occupied through next year. The bottom unit includes exclusive access to on-site laundry, providing added convenience for the tenant. The middle unit has been recently upgraded with brand-new flooring, new kitchen cabinets, and a new refrigerator. The top unit also features new flooring, along with a newer refrigerator and a recently installed water heater. With solid updates, low maintenance, and reliable tenants already in place, this property is perfect for investors looking for immediate cash flow. Contact us for rental details, expenses, and to schedule a showing.

1120 East Avenue, Elyria

Listing Courtesy of: Tim Cline, tim@callteamcline.com With Platinum Real Estate

Selling Office: Home Equity Realty Group.

$124,000
4 Beds 2 Baths 5134985 MLS
Great investment opportunity or live in one unit and let the tenant pay a portion of the mortgage. 2 family unit w/ 2 bedroom & 1 bath in each. Upper unit offers rear balcony. Both units mirror images of one another with 15 x 10 living room w/ hardwood flooring, 14 x 11 eat- in kitchen w/ vinyl flooring & stove, 1st bedroom measures 15 x 13 & 2nd bedroom measures 15 x 14 both w/ hardwood flooring for easy maintenance. Updated in past 10 years includes electrical & windows; one hot water tank replaced 2019, bathroom updates and roof & gutters 2023 w/25 year shingles. Spacious lot for additional parking. Conveniently located near schools, stores, restaurants, and easy access to all highways. Price reflects Basement needing work and furnaces are original, but still operable. List price is below recent assessed tax value. Lower unit is currently occupied and on a month to month agreement and may wish to stay, if option is there. Upstairs unit is vacant and ready for showings. Each unit has its own separate entrance to basement and residence. Current tenant takes care of lawn. Front porch accessed from lower unit. Conveniently located near highways, schools, shopping, restaurants, etc. Why pay rent when you can own and still bring in an income?

409 Gulf Road, Elyria

Listing Courtesy of: Dawn M Balog, balogsells@gmail.com With Russell Real Estate Services

Selling Office: Howard Hanna.

$164,000
4 Beds 2 Baths 5130624 MLS
Welcome to a rare find that offers flexibility, space, and opportunity, all in one well-maintained package. Zoned multi-family with the county, this clean and move-in ready property features two fully functional units under one roof: a spacious 3 bedroom, 1 bathroom home in the back, and a private studio-style suite in the front, each with its own full kitchen and bathroom. Whether you're an investor seeking a ready-to-rent duplex, a homeowner looking for a mortgage-offsetting rental, or a multi-generational family in need of extra space, this property checks all the boxes. The back unit impresses with tall ceilings, an open concept layout, and generous living and dining areas. The kitchen is well appointed, and upstairs you'll find three bedrooms, two of which are tandem, with ample closet space throughout. The front unit offers a comfortable studio-style layout with its own private entrance, full kitchen, and bath, ideal for guests, in-laws, or tenants. A fully fenced backyard and storage shed add to the home's functionality, while an unfinished but solidly rebuilt basement (approx. 30 years ago) offers peace of mind in a neighborhood of much older homes. A truly flexible living setup in a desirable location! Don’t miss this opportunity to own a home that adapts to your needs.

203 Warren Avenue, Elyria

Listing Courtesy of: Hannah Pannetti, hpannetti@kw.com With Keller Williams Citywide

Selling Office: Realtown Realty LLC.

$225,000
4 Beds 2 Baths 5115820 MLS
This charming 2-family home offers spacious living throughout its mirrored units. Each unit features 2 bedrooms, 1 full bathroom, a large kitchen with a dining area, decorative fireplace and a comfortable living room. The kitchens are updated with shaker-style cabinets, granite countertops, and stainless-steel appliances, including a stove, hood, microwave, and dishwasher. Unit 1 boasts LVP flooring in the dining area, while Unit 2 offers cozy carpeting. Both units have updated bathrooms and share a new concrete driveway. Enjoy the shared rear balcony. Each unit has separate utilities, ensuring convenience. This is a Fannie Mae Homepath Property.

338 Denison Avenue, Elyria

Listing Courtesy of: Ceanne M Kerwin, ceanne@realtorceanne.com With RE/MAX Above & Beyond

Selling Office: Howard Hanna.

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