122 Elbe Street Elyria, OH $ 253,000
122 Elbe Street
$ 253,000
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122 Elbe Street

Elyria, OH, 44035
$ 253,000
Bedrooms4 Baths4.0

Monthly Estimate*

$ 1,558

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Multi-Family Home for sale in Elyria, OH

for $253,000 with 4 bedrooms and 4 full baths. This home was built in 1900 on a lot size of 0.12.

Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.

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Multi-Family Active

Price

$ 253,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,457

Style

Lot Size

0.12

Year Built

1900

Town/City

Elyria

County/Region

Lorain

MLS | Web ID

5205281

Features
General
Sewer Other
Heating Other
Cooling None
Possession Delivery Of Deed
Roof Other
Construction Materials Frame Other
Year Built 1900
Stories Count 2
Township Elyria
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Lorain
Property Type Residential Income
Attached Garage false
Subdivision Name W L Fays Add
Garage Y/N false
Total Rooms 12
Full Baths 4
Status Active
Directions Lorain County
City Elyria
High School District Elyria CSD - 4706
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 4457
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 Appraiser
Property Sub Type Additional Quadruplex
Legal Description FAYS 50 X 140
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Interior
Basement Other
Basement (Y/N) true
Air Conditioning Y/N false
Half Baths 0
Total Bedrooms 4
Main Level Bathrooms 0
Total Baths 4
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Exterior
Parking Features Driveway
Water Source Other
Lot Size Area 0.12
Number of Buildings 1
Lot Size Acres 0.12
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Tal Tamir

Listing Agent

Russell Real Estate Services

Broker

tal@premierclevelandinvesting.com

Email

Affordability Calculator

$1,929
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,558
Monthly Property Taxes
$371
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
4/29/2026$253,000 Listed Price

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122 Elbe Street, Elyria, OH, 44035 is a Multi-Family Home for sale at $253,000 with a lot size of 0.12. 122 Elbe Street has 4 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 44035 which is in Elyria, OH