622 Middle AVE, Elyria, OH 44035
622 Middle AVE, Elyria, OH 44035
622 Middle AVE, Elyria, OH 44035
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Zachary Underwood

Zachary Underwood

+1(330) 932-0665
$175,000
Est. payment /mo
5 Beds
2 Baths
3,920 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision O Bowen & William S Wallaces

MLS Listing ID 5201397

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1925

Annual Tax Amount $1,945

Tax Year 2025

Contingent Appraisal,Inspections

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Triplex

Property Description

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.

Location

State OH

County Lorain

Rooms

Basement Full, Unfinished

Interior

Heating Gas

Cooling None

Fireplace No

Exterior

Parking Features Driveway, Parking Lot

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Elyria Csd - 4706

Others

Tax ID 06-26-030-000-002

Special Listing Condition Standard

Read Less Info
Northern Ohio Regional MLS (YES-MLS)
Listed by Kim Lewis • Home Equity Realty Group • charles.lewis@heqrealty.com, 440-539-4864

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Zachary Underwood

Zachary Underwood

+1(330) 932-0665

Broker | License ID: BRKP.2014000258

Broker License ID: BRKP.2014000258

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