228 Gates, Elyria, OH 44035

Elyria
Local realty services provided by:ERA Real Solutions Realty
228 Gates,Elyria, OH 44035
$125,000
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  • 4 Beds
  • 2 Baths
  • 1,491 sq. ft.
  • Multi-family
  • Active
Listed by: george vujadinovic
Office: exp realty, llc.
MLS#:5198378
Source:OH_NORMLS

Price summary

  • Price:$125,000
  • Price per sq. ft.:$83.84

About this home

Great turn-key investment property! This duplex features 2 bedroom & 1 full bath on each unit. A large living room, remodeled kitchen & an updated full bathroom are found in each move in ready unit. The basement provides ample storage and has been recently waterproofed(2022). Newer Hot water tanks 2019 up & 2019 down; Sump pump(2022), Newer Furnaces 2021 up, 2017 down. New fridges in both units. Both units are occupied with wonderful tenants. The downstairs tenant is month to month paying $875 and upstairs tenant's lease expires on 12/31/2026 and they are paying $720. $1595 a month in rent, great cash flowing double Tenant pays all utilities except water and sewer! No showings until the offer is accepted. Great location close to shopping areas, downtown Elyria, Schools and much more! Call today!

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Home facts

  • Year built:1900
  • Listing ID #:5198378
  • Added:45 day(s) ago
  • Updated:May 20, 2026 at 02:12 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes
  • Basement Description:Full, Unfinished
  • Living area:1,491 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Slate
  • Year built:1900
  • Building area:1,491 sq. ft.
  • Lot area:0.08 Acres
  • Construction Materials:Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$125,000
  • Price per sq. ft.:$83.84
  • Tax amount:$1,465 (2024)

Parking

  • Parking description:Paved
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