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Street View
$299,900
4 Beds
4 Baths4 full baths
4,800sqft
428 West Ave, Elyria, OH 44035
$299,900
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Quadruplex
Built in 1900
$-- HOA
0.19 acre lot
$62/sq.ft
Description
Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features three occupied units and one vacant unit, offering immediate income with additional upside through lease-up or rent growth.
Current rents include Unit 1 at $850/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $880/month through the Lorain Metropolitan Housing Authority ($582 subsidy plus $298 tenant portion) with lease expiring 8/31/2026. Unit 4 is currently vacant, providing an opportunity for an owner-occupant or an investor to increase cash flow.
The property features a du...
- Houzeo last checked: 3 hours ago
- Listing updated: June 22, 2026 at 6:23 pm
- Listing Provided by: Kquawan Brown (216) 272-4616 DRE #2016004557 | Keller Williams Greater Metropolitan (216) 839-5500
- Source: MLS Now-OH | MLS#: 5209212
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1900
HOA Fees
-
Finished Area
4,800 sqft
Lot Size
0.19 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5209212
MLS Status
Active
Days on Market
38
Cumulative Days on Market
41
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
§ 442‑H New York Standard Operating Procedure.
New York State Fair Housing Notice.
