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161 High Street Elyria, OH $ 399,000
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161 High Street
$ 399,000
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Recently Listed New Construction
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161 High Street

Elyria, OH, 44035
$ 399,000
Bedrooms6 Baths2.0 Sq 2,432

Monthly Estimate*

$ 2,457

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Multi-Family Home for sale in Elyria, OH

for $399,000 with 6 bedrooms and 2 full baths. This 2,432 square foot home was built in 2025 on a lot size of 0.23.

https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (Walking tour) Brand New Construction Duplex – Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft). Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns. As new construction completed in December 2025, the property also includes a 1-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns — this is a true turnkey investment.

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Multi-Family Active

Price

$ 399,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.23

Year Built

2025

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

5186668
Features
General
Sewer Public Sewer
Heating Gas
Cooling Central Air
Possession Delivery Of Deed
Roof Asphalt
Appliances Cooktop Dishwasher Freezer Disposal Microwave Range Refrigerator
Security Features Smoke Detector(s)
Construction Materials Blown-In Insulation Concrete Vinyl Siding
Year Built 2025
Tenant Pays All Utilities Cable TV Electricity Gas Internet Sewer Trash Collection Telephone Water
View City Lights City
Stories Count 2
Township Elyria
Levels Two
Property Subtype Duplex
Tax Year 2025
Gross Income 36000
County Lorain
Operating Expense 2500
New Construction true
Property Type Residential Income
Attached Garage false
Subdivision Name Wm A Bramans Sub
Facing Direction South
Garage Y/N false
Total Rooms 14
Full Baths 2
Status Active
Directions Lake Avenue to east on High Street. Property is on the north side of High Street.
City Elyria
Disclosures Principal is Real Estate Licensed
High School District Elyria CSD - 4706
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 0
Home Warranty Y/N true
Property Condition New Construction
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Elyria CSD - 4706
Elementary School District Elyria CSD - 4706
Year Built Source Builder
Property Sub Type Additional Duplex
Legal Description BRAMAN 60 X 168 15 Year Tax Abastement
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Interior
Interior Amenities Kitchen Island Laminate Counters Open Floorplan Pantry Bar
Basement None
Total Stories 2
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Window Features Screens
Above Grade Finished Area 2432
Half Baths 0
Laundry Features Washer Hookup Electric Dryer Hookup In Unit Upper Level
Total Bedrooms 6
Main Level Bathrooms 0
Above Grade Finished Area Source Builder
Total Baths 2
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Exterior
Exterior Amenities Lighting
Fencing Wood
Parking Features Additional Parking Common
Lot Features Back Yard Dead End
Water Source Public
Lot Size Area 0.23
Number of Buildings 1
Lot Size Acres 0.23
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Sharon Y Jebavy

Listing Agent

Homewise Real Estate, Llc

Broker

Sharon@homewisemls.com

Email

Affordability Calculator

$2,457
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Monthly Principal & Interest
$2,457
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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
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/12/2026$399,000 Listed Price

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161 High Street, Elyria, OH, 44035 is a Multi-Family Home for sale at $399,000 with 2,432 sqft and a lot size of 0.23. 161 High Street has 6 bedrooms, 2.0 baths, and was built in 2025. The property's zip code is 44035 which is in Elyria, OH

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