157 Harvard AVE Elyria, OH 44035
5 Beds
3 Baths
2,266 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,266 sqft
Price per Sqft $94
Subdivision Eastern Heights Land Companys 01
MLS Listing ID 5104764
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 2,266
Year Built 1900
Annual Tax Amount $3,101
Tax Year 2024
Contingent Inspections
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Triplex
Property Description
Unlock the potential of this well-maintained triplex in the heart of Elyria, OH! Whether you're an investor looking for steady cash flow or a homeowner seeking rental income, this property delivers with three fully rented units generating nearly $4,000 per month.
Property Breakdown:
1st Floor Unit: 2 bed, 1 bath – Long-term tenant on a month-to-month lease at $1,000/month (tenant pays electric & gas).
2nd Floor Unit: 2 bed, 1 bath – Active Airbnb rental.
3rd Floor Unit: 1 bed, 1 bath – Also an Airbnb rental.
Airbnb Earnings: The 2nd and 3rd-floor units generate approximately $2,700/month combined.
Key Updates & Features:
New furnace installed (March 2020)
Stack replacement (February 2023)
First-floor water heater replaced (November 2016)
Third-floor water heater manufactured in December 2011
Far-right garage door springs repaired (March 2025)
2nd and 3rd-floor units recently updated
This property boasts a strong rental history, recent improvements, and a solid foundation for long-term income generation. Don't miss this opportunity to own a turnkey investment in a desirable rental market!
Schedule your showing today!
Location
State OH
County Lorain
Rooms
Basement Common Basement, Full, Unfinished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Detached, Garage, Paved
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More, Two
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-25-005-103-015
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan