622 Middle Avenue
Elyria, OH 44035
5
Bed
2
Bath
0.09Acre(Lot)
Triplex investment opportunity in Elyria featuring two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, offering a strong unit mix for consistent rental demand. The two-bedroom units are currently rented at $850 and $725, with one lease secured through March 2027 and the other recently expired, providing flexibility for potential rent increases, while the one-bedroom unit is rented at $550 on a month-to-month lease. Tenants do not pay utilities, with the owner responsible for water, gas, and electric. The property has been well maintained, making it a solid addition to any investment portfolio with both stable income and value-add potential. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packa
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 12 Has Basement: Yes Basement: Full, Unfinished -
Roofing Information
Asphalt, Fiberglass -
Interior Features
Roof: Asphalt, Fiberglass -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas Cooling: None
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Building Information
Year Built: 1925 Construction Materials: Aluminum Siding Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.09 Acres Lot Size Acres: 0.09 Lot Size Source: AssessorProperty Information
Subdivision: O Bowen & William S Wallaces Source Property Type: Residential Income Property SubType: Triplex Levels: Two Property Age: 101
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Listing Price Information
Listing Price: $175000
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Tax Information
Parcel Number: 06-26-030-000-002 Tax Year: 2025 Annual Tax: $1945 Tax Legal Desc: BOWEN & WALLACE 42 X 100
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Parking Information
Driveway, Parking Lot
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Location Information
Direction: Middle Ave WaterSource: Public
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 |
| 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 622 Middle 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 06/05/2026 @ 21:59
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