1004 East Avenue, Elyria, OH 44035
Local realty services provided by:ERA Real Solutions Realty
1004 East Avenue,Elyria, OH 44035
$179,900
- 7 Beds
- 4 Baths
- 4,004 sq. ft.
- Multi-family
- Active
Listed by: christopher a frederick, michele l frederick
Office: coldwell banker schmidt realty
MLS#:5209788
Source:OH_NORMLS
Price summary
- Price:$179,900
- Price per sq. ft.:$44.93
About this home
Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don’t miss this unique riverfront multifamily opportunity!...
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Home facts
- Year built:1900
- Listing ID #:5209788
- Added:1 day(s) ago
- Updated:May 23, 2026 at 02:21 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:11
- Basement:Yes
- Basement Description:Unfinished, Walk Out Access
- Living area:4,004 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric, Forced Air, Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1900
- Building area:4,004 sq. ft.
- Lot area:2.24 Acres
- Construction Materials:Vinyl Siding, Wood Siding
- Levels:3 Stories
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$179,900
- Price per sq. ft.:$44.93
- Tax amount:$1,248 (2025)
Parking
- Parking description:Driveway
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