Active

229 5th Street

Elyria, OH 44035

$185,000 $779/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

2,207

Sqft

0.21

Acre(Lot)

Description

229 5th St, Elyria, OH 44035 — Mixed-Use Opportunity Awaits. Discover the untapped potential of this versatile mixed-use property located in the heart of Downtown Elyria. Zoned for mixed use, this unique offering features a former chiropractic office on the first floor and a comfortable two-bedroom, one-bathroom apartment on the second floor — ideal for the savvy investor or owner-occupant who dreams of living upstairs while running a business below.**Renovation Potential That Inspires.** The expansive first-floor office space is primed for conversion into one or multiple residential apartments, and the large attic space offers even more opportunity — the current owner has architectural drawings already prepared for completing an additional apartment upstairs. Whether you envision a thrivi ng multi-unit rental property or a creative live-work arrangement, the possibilities here are truly exciting.**Parking That Delivers.** A generous gravel parking lot accessible from Barres Street, combined with a private driveway off 5th Street, provides multiple ingress and egress points — a rare advantage for both residential tenants and commercial visitors alike. Efficiency is built in, with separate HVAC and hot water systems

Property Details

Property Type : Residential Income

Price : $185,000

AD Id : 77784182

MLS Id : 5204723

Beds : 5

Lot Size : 0.21 Acre

Living Area Size : 2,207

Year Built : 1900

County : Lorain

Subdivision: Rhawnhurst

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 3 Full Baths: 1 Half Baths: 2

Room Information

Rooms Total: 12 Has Basement: Yes Basement: Full
Roofing Information

Slate
Interior Features

Roof: Slate Laundry Features: In Basement
Heating & Cooling

Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1900 Construction Materials: Aluminum Siding, Brick Stories: 2 Private Pool: No View: City, None

Lot Information

Main Square Feet: 0.21 Acres Lot Size Acres: 0.21 Lot Size Source: Assessor

Property Information

Subdivision: Heman El's Add Source Property Type: Residential Income Property SubType: Duplex Direction Faces: South Levels: Two Property Age: 126

Listing Price Information

Listing Price: $185000 Cash, Conventional

Tax Information

Parcel Number: 06-26-044-000-008 Tax Year: 2025 Annual Tax: $3647 Tax Legal Desc: 5TH ST FRNT 0055.00

Parking Information

Gravel, Parking Lot

Location Information

Direction: Between East Ave and Middle Ave. between 5th St. and Barres Ln. WaterSource: Public

Sell a home like this and save $10,601 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
1004 East Avenue, Elyria, OH, 44035	$179,900	7	4	4,004	4,004 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 229 5th Street

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 06/13/2026 @ 06:57

MLS: 5204723 LISTED BY: Michael Hignett, Northern Ohio Realty 440-366-0099 SOURCE: MLS Now