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    1120 East Ave Elyria, OH 44035

    Sponsored
    For Sale
    Pending
    $149,900

    MULTI_FAMILY - Elyria, OH

    Property size:
    4,020 SF
    Lot size:
    0.13 Acres
    Days on Market:
    49
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 1120 East Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 3, Basement, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Laundry Room, Bedroom 2, Bathroom 2
    Bedrooms
    4
    Bathrooms
    3
    APN
    06-26-013-000-010
    Parking features
    Garage, Paved or Surfaced
    Size
    4,020 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public
    Water front features
    River Front

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Fiberglass, Asphalt

    Platinum Real Estate Professionals, LLC (440) 942-2100 [email protected]

    Listing agent Tim Cline (440) 749-5182 License #2022005754

    Listing date Nov 18, 2025

    MLS# 5140687 Listing URL

    Copyright © 2026 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

    Turnkey Triplex Investment Opportunity

    This fully leased triplex presents an excellent turnkey investment opportunity, offering consistent rental income with all three units occupied through next year. The bottom unit includes exclusive access to on-site laundry for tenant convenience. Recent upgrades enhance the property, with the middle unit featuring brand-new flooring, new kitchen cabinets, and a new refrigerator. The top unit also benefits from new flooring, a newer refrigerator, and a recently installed water heater. The property is situated in Elyria, OH, within Lorain County. The building has a size of 4020 square feet and is located on a 0.13-acre lot. With solid updates and reliable tenants, this property is suited for investors seeking immediate cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -82.103744
    Latitude
    41.356082

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    FAQs

    What type of property is this?
    Triplex - Fully leased triplex with recent upgrades and reliable tenants.
    Where is this triplex located?
    The property is located at 1120 East Ave Elyria, OH.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Fully leased triplex PROVIDING IMMEDIATE AND CONSISTENT RENTAL INCOME.; - Turnkey investment opportunity requiring low maintenance.; - Bottom unit INCLUDES EXCLUSIVE ACCESS TO ON-SITE LAUNDRY.
    (440) 749-5182
    Request Owner's contact information
    1120 East Ave Elyria, OH 44035
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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
    1120 East Ave Elyria, OH 44035
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