Active

1004 East Avenue

Elyria, OH 44035

$179,900 $758/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

4,004

Sqft

2.24

Acres(Lot)

Description

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 l ead 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!

Property Details

Property Type : Residential Income

Price : $179,900

AD Id : 79130203

MLS Id : 5209788

Beds : 7

Lot Size : 2.24 Acres

Living Area Size : 4,004

Year Built : 1900

County : Lorain

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 4 Full Baths: 4

Room Information

Rooms Total: 11 Has Basement: Yes Basement: Unfinished, Walk-Out Access
Roofing Information

Asphalt, Fiberglass
Interior Features

Roof: Asphalt, Fiberglass Laundry Features: Laundry Room
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Baseboard, Electric, Forced Air Cooling: None Water front: 1

Building Information

Year Built: 1900 Construction Materials: Other, Vinyl Siding, Wood Siding Stories: 3 Private Pool: No Water front Features: River Front, Waterfront

Lot Information

Main Square Feet: 2.24 Acres Lot Size Acres: 2.24 Lot Size Source: Public Records Lot Description: Waterfront

Property Information

Subdivision: East Ave Source Property Type: Residential Income Property SubType: Quadruplex Levels: Three Or More Property Age: 126

Listing Price Information

Listing Price: $179900

Tax Information

Parcel Number: 06-26-020-000-010 Tax Year: 2025 Annual Tax: $1248 Tax Legal Desc: EAST AVE 66 165

Parking Information

Driveway, Gravel

Location Information

Direction: off east ave WaterSource: Public

Sell a home like this and save $10,295 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
229 5th Street, Elyria, OH, 44035	$185,000	5	3	2,207	2,207 SqFt
119 Neufer Court, Elyria, OH, 44035	$110,000	4	2	--
140 School Street, Elyria, OH, 44035	$189,000	5	3	--
122 Elbe Street, Elyria, OH, 44035	$210,000	4	4	--
161 High Street, Elyria, OH, 44035	$369,000	6	2	2,432	2,432 SqFt

Similar Multifamily To 1004 East Avenue

Nearby For Sale

Active

$369,000

Multifamily For Sale

161 High Street,
Elyria, OH, 44035

Bed

Bath

Sqft

Acre(Lot)

140 School Street,
Elyria, OH, 44035

Bed

Bath

Acre(Lot)

119 Neufer Court,
Elyria, OH, 44035

Bed

Bath

Acre(Lot)

229 5th Street,
Elyria, OH, 44035

Bed

Bath

Sqft

Acre(Lot)

122 Elbe Street,
Elyria, OH, 44035

Bed

Bath

0.12

Acre(Lot)

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 06/10/2026 @ 07:44

MLS: 5209788 LISTED BY: Christopher Frederick, Coldwell Banker Schmidt Realty 440-327-2123 SOURCE: MLS Now