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Listed price in listed location currency (USD).
$284,900

444

MLS® 5252372

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes $3,395
Days Active 10
Lot Size 0.1944 Acres
Approx. Age 1900
MLS® Number 5252372

Property Address: 428 West Ave, Elyria, OH, 44035-5779

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

Description

Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features four occupied units, offering immediate income with additional upside through lease-up or rent growth. Current rents include Unit 1 at $880/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $925/month through the Lorain Metropolitan Housing Authority with lease expiring 8/31/2027. Unit 4 at $1100/month (lease expires 12/13/2026 then converts to month to month) The property features a durable brick exterior and numerous updates, including a new boiler system, helping reduce future capital expenditures. Conveniently located near shopping, dining, schools, and major highways, this property offers stable tenancy and strong rental demand. Whether you're a seasoned investor looking for a performing asset or seeking to expand your multifamily portfolio, 428 West Ave presents a compelling opportunity with immediate income and value-add potential. Perfect for a client looking to house hack! Live in one unit while the other three generates income.
MLS® Number5252372
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
BasementUnfinished
DrivewayDetached, Garage
Garage Spaces
HeatRadiant
A/CNone

Extras

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

128 days

Today, For Sale for $284,900

For Sale · 15 days

$284,900

MLS® 5252372

16 days ago

Not Sold Yet

October 2026, For Sale for $284,900

For Sale · 15 days

$284,900

MLS® 5252372

16 days ago

Not Sold Yet

June 2026, For Sale for $299,900

For Sale · 128 days

$299,900

MLS® 5209212

4 months ago

Not Sold Yet

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