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$175,000

Other

9 days ago

622 Middle Ave, Elyria, OH

House

MLS® 5201397

5 Bed

2 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes $1,945
Days Active 8
Lot Size 
Approx. Age 1925
MLS® Number 5201397

Property Address: 622 Middle Ave, Elyria, OH, 44035-5851

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

Description

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 packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.
MLS® Number5201397
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1925
BasementFull, Unfinished
DrivewayDriveway, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Apr 15, 2026List Date
$175,000List Price
Aug 19, 2024End Date
$150,000Sold Price

Sold

Aug 2, 2024List Date
$149,900List Price

Home Appraisal

This property is estimated to sell between: $143,000 and $191,000.
Similar properties in this area sold on average for: $143,000
Expect to pay under asking. 75% of similar properties sold for less than the asking price.
Expected to sell in 62 days. Similar properties sold in 70 days. This home has been on eXp Realty for 8 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
622 Middle Ave, Elyria, OH

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