161 High Street, Elyria, OH 44035

Elyria
Local realty services provided by:Better Homes and Gardens Real Estate Central
161 High Street,Elyria, OH 44035
$399,000
  • 6 Beds
  • 2 Baths
  • 2,432 sq. ft.
  • Multi-family
  • Active
Listed by: sharon y jebavy
Office: homewise real estate, llc.
MLS#:5186668
Source:OH_NORMLS

Price summary

  • Price:$399,000
  • Price per sq. ft.:$164.06

About this home

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.

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Home facts

  • Year built:2025
  • Listing ID #:5186668
  • Added:43 day(s) ago
  • Updated:March 28, 2026 at 02:14 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:14
  • Kitchen Description:Cooktop, Dishwasher, Disposal, Freezer, Microwave, Range, Refrigerator
  • Basement:Yes
  • Living area:2,432 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt
  • Year built:2025
  • Building area:2,432 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:Vinyl Siding
  • Levels:2 Stories, 2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,000
  • Price per sq. ft.:$164.06

Features and amenities

  • Appliances:Cooktop, Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Amenities:Smoke Detectors
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