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Listed price in listed location currency (USD).
$399,000

620

MLS® 5186668

  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2432 sqft
Garage No
Taxes 
Days Active 7
Lot Size 0.23 acres
Approx. Age 2025
Avg. Price Per Sqft $164
MLS® Number 5186668

Property Address: 161 High Street, Elyria, OH, 44035

Average square foot calculated using Size range provided by listing agent.

Description

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-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns — this is a true turnkey investment.
MLS® Number5186668
Laundry LevelWasher Hookup, Electric Dryer Hookup, In Unit, Upper Level
Central VacNo
FireplaceNo
Acreage0.23
Exterior
GarageNo
Approx. Age2025
BasementNone
DrivewayAdditional Parking, Common
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 12, 2026List Date
$399,000List Price
  • Commute

Commute

Starting Address
Destination Address
161 High Street, Elyria, OH

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