622 Middle Avenue, Elyria, OH 44035
Local realty services provided by:CENTURY 21 Asa Cox Homes
Listed by: kim lewis, charles lewis
Office: home equity realty group
MLS#:5201397
Source:OH_NORMLS
Price summary
- Price:$175,000
About this home
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.
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Home facts
- Year built:1925
- Listing ID #:5201397
- Added:8 day(s) ago
- Updated:April 23, 2026 at 07:29 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:12
- Basement:Yes
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Gas
Structure and exterior
- Roof:Asphalt, Fiberglass
- Year built:1925
- Lot area:0.09 Acres
- Construction Materials:Aluminium Siding
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$175,000
- Tax amount:$1,945 (2025)
Parking
- Parking description:Driveway
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