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622 Middle Avenue
Elyria, OH 44035

$175,000 - Status: Contingent
MLS# 5201397

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.

Property Features

MLS#: 5201397
Zip: 44035
Subdivision: O Bowen & William S Wallaces
Development: Elyria
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: None
Days on Site: 7
Heating: Gas
Lot Size: 0.09 acres
Roof Type: Asphalt, Fiberglass
Stories: 2.0
Taxes: $1,945 / year
Year Built: 1925

Feature Descriptions

Exterior: Aluminum Siding
Parcel#: 06-26-030-000-002
Parking: Driveway, Parking Lot
Sewer: Public Sewer
Water: Public

Local Schools

School District: Elyria City

622 Middle Avenue | MLS# 5201397

This multi-family property located at 622 Middle Avenue, Elyria, OH 44035 is currently listed for sale with an asking price of $175,000. Middle Avenue is located within the Elyria City school district. Search Elyria real estate on www.greatmoverealty.net today.

Listed By / Shown By

Listed By

Agency Name: Home Equity Realty Group
Agency Contact: charles.lewis@heqrealty.com, 440-539-4864

Shown By

Agency Title: Great Move Realty
Agency Phone: (330) 624-9605

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