28
See all 28 photos
$175,000
Est. payment /mo
5 Beds
2 Baths
3,920 Sqft Lot
New
622 Middle AVE Elyria, OH 44035
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision O Bowen & William S Wallaces
MLS Listing ID 5201397
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 1925
Annual Tax Amount $1,945
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Triplex
Stories Two
Story Two
Property Description
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.
Location
State OH
County Lorain
Rooms
Basement Full, Unfinished
Interior
Heating Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Parking Lot
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-26-030-000-002
Special Listing Condition Standard
Listed by Kim Lewis • Home Equity Realty Group • charles.lewis@heqrealty.com, 440-539-4864
NEARBY SCHOOL & BUSINESS
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