622 Middle Avenue, Elyria, OH 44035
- $168,500
- 5
- BD
- 2
- BA
- Sold Price
- $168,500
- List Price
- $175,000
- Status
- CLOSED
- Days on Market
- 93
- Closing Date
- Jul 16, 2026
- MLS#
- 5201397
- Subtype
- Residential Income
- Year Built
- 1925
- Bedrooms
- 5
- Bathrooms
- 2
- Full Baths
- 2
- Acres
- 0.09
- Subdivision
- O Bowen & William S Wallaces
- Neighborhood
- O Bowen & William S Wallaces
- MLS Area Major
- Elyria
Property Description
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.
Additional Information
- Taxes
- $1,945
- Heating
- Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Driveway, Parking Lot
- School District
- Elyria CSD - 4706
Listing Courtesy of: Kim Lewis, kim.lewis@heqrealty.com With Home Equity Realty Group
Selling Office: Keller Williams Citywide.Mortgage Calculator
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