161 High StreetElyria, OH 44035

161 High StreetElyria, OH 44035

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$399,000 Active
Multi Unit - Multiple MLS 5186668
6 beds 2 full baths 2,432 sqft
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Listed By

Agency Name: HomeWise Real Estate, LLC
Agency Contact: 614-432-7325, Sharon@homewisemls.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property 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.

161 High Street | MLS# 5186668

This multi-family property located at 161 High Street, Elyria, OH 44035 is currently listed for sale with an asking price of $399,000. High Street is located within the Elyria City school district. Search Elyria real estate on 2210scrollroadsw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air
Heating: Gas
Lot Size: 0.23 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $0 / year
Year Built: 2025

Amenities

Kitchen Island
Laminate Counters
Open Floorplan
Pantry
Bar
Lighting

Feature Descriptions

Appliances: Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
Exterior: Blown-In Insulation, Concrete, Vinyl Siding
Fencing: Wood
Laundry: Washer Hookup, Electric Dryer Hookup, In Unit, Upper Level
Lot: Back Yard, Dead End
Parcel#: 06-24-027-108-032
Parking: Additional Parking, Common
Security: Smoke Detector(s)
Sewer: Public Sewer
View: City Lights, City
Water: Public
Window: Screens

Local Schools

School District: Elyria City

Demographics

Lorain County Demographic Information for 161 High Street, Elyria, OH 44035
Fips
Fips Code 39093
Population
2020 to 2023 Change up 1.6%
2010 Count 301,356
2020 Count 312,964
2023 Estimate (V2023) 317,910
2020 Estimate (V2023) 312,956
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 21.4%
18 to 64 53.4%
65 and Older 19.9%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 2.8%
US 97.2%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 27.2%
Computer and Internet use
Households with a computer 93.8%
Households with a broadband Internet subscription 84.5%
Language
English is Second Language, Age 5+ 7.0%
English is First Language, Age 5+ 93.0%
Veterans
Veterans 17,970
Income
Per Capita Income $37,171
Median Household Income $67,272
People in Poverty 12.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 124,510
Average Household Size 2.45
Owner-Occupied 72.9%
Multi-Family 17.0%
Owner-Occupied Median Value $191,900
Median selected monthly owner costs -with a mortgage $1,474
Median selected monthly owner costs -without a mortgage $591
Median gross rent $886
Building Permits
New Private Housing Issued 2023 987
Years at Residence
1 Year or More 90.0%
Less Than 1 Year 10.0%
Business and Employment
Private non-farm Establishments 5,574
Private non-farm Employment 83,286
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,027
Number of Firms 20,914
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,063.10 per month $1,946.72 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.38 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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