161 High Street
Elyria, OH 44035
6
Bed
2
Bath
2,432Sqft
0.23Acre(Lot)
https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (Walking tour) Brand New Construction Duplex – Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft). Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns. As new construction completed in December 2025, the property also includes a 1-yea
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 14 Basement: None -
Roofing Information
Asphalt -
Interior Features
Kitchen Island, Laminate Counters, Open Floorplan, Pantry, Bar Roof: Asphalt Appliances: Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator Laundry Features: Washer Hookup, Electric Dryer Hookup, In Unit, Upper Level Window Features: Screens -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 2025 Construction Materials: Blown-In Insulation, Concrete, Vinyl Siding Stories: 2 Private Pool: No View: City Lights, City -
Exterior Features
Exterior Features: Lighting
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Lot Information
Main Square Feet: 0.23 Acres Lot Size Acres: 0.23 Lot Size Source: Assessor Lot Description: Back YardProperty Information
Subdivision: Wm A Bramans Sub Source Property Type: Residential Income Property SubType: Duplex Direction Faces: South Levels: Two Property Age: 1
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Listing Price Information
Listing Price: $369000 Original Price: $399000 Conventional
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Tax Information
Parcel Number: 06-24-027-108-032 Tax Year: 2025 Tax Legal Desc: BRAMAN 60 X 168 15 Year Tax Abastement
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Parking Information
Additional Parking, Common
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Location Information
Direction: Lake Avenue to east on High Street. Property is on the north side of High Street. WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1004 East Avenue, Elyria, OH, 44035 | $179,900 | 7 | 4 | 4,004 | 4,004 SqFt |
| 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 | -- |
Similar Multifamily To 161 High 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 06/08/2026 @ 02:27
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