622 Middle Avenue Elyria, OH $ 175,000
622 Middle Avenue
$ 175,000
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622 Middle Avenue

Elyria, OH, 44035
$ 175,000
Bedrooms5 Baths2.0

Monthly Estimate*

$ 1,078

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Multi-Family Home for sale in Elyria, OH

for $175,000 with 5 bedrooms and 2 full baths. This home was built in 1925 on a lot size of 0.09.

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.

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Multi-Family Active

Price

$ 175,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,945

Style

Lot Size

0.09

Year Built

1925

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

5201397

Features
General
Sewer Public Sewer
Heating Gas
Cooling None
Possession Negotiable
Roof Asphalt Fiberglass
Construction Materials Aluminum Siding
Year Built 1925
Tenant Pays None
Stories Count 2
Township Elyria
Levels Two
Property Subtype Triplex
Tax Year 2025
County Lorain
Property Type Residential Income
Attached Garage false
Subdivision Name O Bowen & William S Wallaces
Garage Y/N false
Total Rooms 12
Full Baths 2
Status Active
Directions Middle Ave
City Elyria
High School District Elyria CSD - 4706
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 1945
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 BOWEN & WALLACE 42 X 100
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Interior
Basement Full Unfinished
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Half Baths 0
Total Bedrooms 5
Main Level Bathrooms 0
Total Baths 2
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Exterior
Parking Features Driveway Parking Lot
Water Source Public
Lot Size Area 0.09
Number of Buildings 1
Lot Size Acres 0.09
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Kim Lewis

Listing Agent

Home Equity Realty Group

Broker

kim.lewis@heqrealty.com

Email

Affordability Calculator

$1,240
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,078
Monthly Property Taxes
$162
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
4/15/2026$175,000 Listed Price

Map


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622 Middle Avenue, Elyria, OH, 44035 is a Multi-Family Home for sale at $175,000 with a lot size of 0.09. 622 Middle Avenue has 5 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 44035 which is in Elyria, OH