622 Middle Avenue, Elyria, OH 44035

Elyria
Local realty services provided by:ERA Real Solutions Realty
622 Middle Avenue,Elyria, OH 44035
$175,000
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  • 5 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: kim lewis, charles lewis
Office: home equity realty group
MLS#:5201397
Source:OH_NORMLS

Price summary

  • Price:$175,000

About this home

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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Home facts

  • Year built:1925
  • Listing ID #:5201397
  • Added:77 day(s) ago
  • Updated:July 02, 2026 at 07:56 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:12
  • Basement:Yes
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Roof:Asphalt, Fiberglass
  • Year built:1925
  • Lot area:0.09 Acres
  • Construction Materials:Aluminium Siding
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$175,000
  • Tax amount:$1,945 (2025)

Parking

  • Parking description:Driveway
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