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Listed price in listed location currency (USD).
$168,500

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MLS® 5183741

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2112 sqft
Garage No
Taxes $2,006
Days Active 0
Lot Size 0.31 acres
Approx. Age 1887
Avg. Price Per Sqft $79
MLS® Number 5183741

Property Address: 317 West Ave, Elyria, OH, 44035-5785

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

Description

Turnkey, cash-flowing 3-unit multifamily investment with long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. Tenants handle landscaping and minor repairs, reducing owner involvement. Property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. Unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1, 750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate at asking price. All utilities are on one meter for simplified management. Ideal buy-and-hold opportunity offering immediate cash flow from day one. Don’t miss this solid income-producing asset—contact agent for additional details.
MLS® Number5183741
Laundry Level
Central VacNo
FireplaceNo
Acreage0.31
Exterior
GarageNo
Approx. Age1887
BasementFull
DrivewayConcrete, Private
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 27, 2026List Date
$168,500List Price
  • Commute

Commute

Starting Address
Destination Address
317 West Ave, Elyria, OH

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