122 Elbe Street
Elyria, OH 44035
4
Bed
4
Bath
0.12Acre(Lot)
Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Rooms Total: 12 Has Basement: Yes Basement: Other -
Roofing Information
Other -
Interior Features
Roof: Other -
Heating & Cooling
Has Heating: Yes Heating: Other Cooling: None
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Building Information
Year Built: 1900 Construction Materials: Frame, Other Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Source: AssessorProperty Information
Subdivision: W L Fays Add Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 126
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Listing Price Information
Listing Price: $210000 Original Price: $253000
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Tax Information
Parcel Number: 06-24-087-101-019 Tax Year: 2025 Annual Tax: $4457 Tax Legal Desc: FAYS 50 X 140
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Parking Information
Driveway
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Location Information
Direction: Lorain County WaterSource: Other
How much is this property worth?
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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 |
| 622 Middle Avenue, Elyria, OH, 44035 | $175,000 | 5 | 2 | -- | |
| 119 Neufer Court, Elyria, OH, 44035 | $110,000 | 4 | 2 | -- | |
| 140 School Street, Elyria, OH, 44035 | $189,000 | 5 | 3 | -- | |
| 161 High Street, Elyria, OH, 44035 | $369,000 | 6 | 2 | 2,432 | 2,432 SqFt |
Similar Multifamily To 122 Elbe Street
Nearby For Sale
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 06/06/2026 @ 22:27
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