428 West Avenue
Elyria, OH 44035
4
Bed
4
Bath
4,800Sqft
0.19Acre(Lot)
Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features three occupied units and one vacant unit, offering immediate income with additional upside through lease-up or rent growth. Current rents include Unit 1 at $850/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $880/month through the Lorain Metropolitan Housing Authority ($582 subsidy plus $298 tenant portion) with lease expiring 8/31/2026. Unit 4 is currently vacant, providing an opportunity for an owner-occupant or an investor to increase cash flow. The property features a durable brick exterior and numerous updates, including a new boiler system, helping reduce future capital expenditures. Co
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Rooms Total: 12 Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Has Heating: Yes Heating: Hot Water, Steam Cooling: None
-
Building Information
Year Built: 1900 Construction Materials: Brick Stories: 2 Private Pool: No
-
Lot Information
Main Square Feet: 0.19 Acres Lot Size Acres: 0.19 Lot Size Source: Public RecordsProperty Information
Subdivision: Heman Elys Town Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 126
-
Listing Price Information
Listing Price: $299900
-
Tax Information
Parcel Number: 06-26-045-000-003 Tax Year: 2025 Annual Tax: $3395 Tax Legal Desc: WEST AVE 70 X 121 LOT # 356
-
Parking Information
Attached, Driveway, GarageGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 1
-
Location Information
Direction: Broad St to West Ave WaterSource: Public
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.
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 |
| 140 School Street, Elyria, OH, 44035 | $174,900 | 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 428 West Avenue
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 06/28/2026 @ 06:13
More Cities with for Sale by Owner Homes
- Elyria Homes For Sale By Owner
- North Ridgeville Homes For Sale By Owner
- Avon Homes For Sale By Owner
- Lorain Homes For Sale By Owner
- Grafton Homes For Sale By Owner
- Sheffield Lake Homes For Sale By Owner
- Amherst Homes For Sale By Owner
- South Amherst Homes For Sale By Owner
- Lagrange Homes For Sale By Owner
- Oberlin Homes For Sale By Owner
- Columbia Station Homes For Sale By Owner
- Olmsted Falls Homes For Sale By Owner
- Avon Lake Homes For Sale By Owner
- North Olmsted Homes For Sale By Owner
- Westlake Homes For Sale By Owner
- Bay Village Homes For Sale By Owner
- Berea Homes For Sale By Owner
- Valley City Homes For Sale By Owner
- Brook Park Homes For Sale By Owner
- Rocky River Homes For Sale By Owner
Homes around $299,900
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.