317 West Avenue Elyria, OH $ 168,500
317 West Avenue
$ 168,500
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317 West Avenue

Elyria, OH, 44035
$ 168,500
Bedrooms4 Baths3.0 Sq 2,112

Monthly Estimate*

$ 1,037

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Multi-Family Home for sale in Elyria, OH

for $168,500 with 4 bedrooms and 3 full baths. This 2,112 square foot home was built in 1887 on a lot size of 0.31.

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.

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Multi-Family Active

Price

$ 168,500

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,006

Style

Lot Size

0.31

Year Built

1887

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

5183741

Features
General
Sewer Public Sewer
Heating Baseboard
Cooling Window Unit(s)
Possession Delivery Of Deed Negotiable
Roof Shingle
Construction Materials Aluminum Siding
Year Built 1887
Stories Count 2
Township Elyria
Levels Two
Property Subtype Triplex
Tax Year 2025
County Lorain
Property Type Residential Income
Attached Garage false
Subdivision Name Village/Elyria
Garage Y/N false
Total Rooms 9
Full Baths 3
Status Active
Directions Get on I-90 W. Take I-71 S I-480 W and OH-10 W to Grafton Rd. Continue on Grafton Rd. Take East Ave to West Ave in Elyria
City Elyria
High School District Elyria CSD - 4706
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 2006
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Elyria CSD - 4706
Elementary School District Elyria CSD - 4706
Year Built Source Public Records
Property Sub Type Additional Triplex
Legal Description WEST AVE FRNT 0052.50 S/L 428
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Interior
Basement Full
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 2112
Half Baths 0
Total Bedrooms 4
Main Level Bathrooms 0
Above Grade Finished Area Source Assessor
Total Baths 3
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Exterior
Parking Features Concrete Private
Water Source Public
Lot Size Area 0.31
Number of Buildings 1
Lot Size Acres 0.31
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Marian Lukach

Listing Agent

Keller Williams Greater Metropolitan

Broker

mariog.lukach@gmail.com

Email

Affordability Calculator

$1,205
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,037
Monthly Property Taxes
$167
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457899 Elementary School
4458036 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$168,500 Listed Price

Map


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317 West Avenue, Elyria, OH, 44035 is a Multi-Family Home for sale at $168,500 with 2,112 sqft and a lot size of 0.31. 317 West Avenue has 4 bedrooms, 3.0 baths, and was built in 1887. The property's zip code is 44035 which is in Elyria, OH