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    1115 East Ave Elyria, OH 44035

    For Sale
    $165,000

    MULTI_FAMILY - Elyria, OH

    Property size:
    3,920 SF
    Lot size:
    0.10 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 1115 East Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 4, Basement, Bathroom 3, Bedroom 1
    Bedrooms
    4
    Bathrooms
    4
    APN
    06-26-014-102-034
    Parking features
    Garage, Driveway
    Size
    3,920 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Steam, Hot Water(Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1921
    Floors in Building
    2
    Building materials
    Brick, VinylSiding
    Roof type
    Fiberglass, Asphalt

    Northeast Ohio Realty LLC (440) 449-9100 [email protected]

    Listing agent Michael A Ferrante (216) 373-7727 License #2019005741

    Listing date Nov 18, 2025

    MLS# 5126634 Listing URL

    Copyright © 2025 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elyria Mixed-Use Investment Opportunity

    This mixed-use property in Elyria, Ohio, presents an investment opportunity with two buildings. One building features three apartments, while the second building is a storefront. The property has sturdy brick construction with newer roofs and vinyl siding. Updates include newer furnaces (one unit is heated by a boiler), central AC in the storefront, upgraded electric panels, and newer hot water tanks. Gas and electric are separately metered, and a 1-car garage is included. The property is situated in a location near shopping, schools, and freeway access. The total potential rent is approximately $3000 per month when fully rented. The property size is 3920 square feet on a lot of 0.1 acres. Professional management is in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.10441
    Latitude
    41.356145

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    FAQs

    What type of property is this?
    Mixed-use property - Four-unit property with storefront, great income potential, convenient location.
    Where is this mixed-use property located?
    The property is located at 1115 East Ave Elyria, OH.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Income Potential: Approximately $3000/month fully rented.; - Multi-Unit Property: Includes 3 apartments and a storefront.; - Recent Upgrades: Newer roofs, vinyl siding, furnaces, hot water tanks, and upgraded electric panels.
    (216) 373-7727
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1115 East Ave Elyria, OH 44035
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