317 West Avenue Elyria, OH 44035
- Added:
- Jan 27, 2026
- Days on Market:
- 64
- Last Refresh:
- Apr 1 at 10:06 am
Property Features for 317 West Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1
- Standard status
- Pending
- APN
- 06-26-041-000-008
- Size
- 2,112 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- TaxYear
- 2025
- TaxDescription
- WEST AVE FRNT 0052.50 S/L 428
- TaxAnnualAmount
- 2006
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1887
- Floors in Building
- 2
- Building materials
- AluminumSiding
- Roof type
- Shingle
Listing agent Marian Lukach License #2021004099 (216) 905-2672
Listing office Keller Williams Greater Metropolitan 29225 Chagrin Boulevard #105, Cleveland, OH (216) 839-5500
Listing date Jan 27, 2026
MLS# 5183741
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 Multifamily Investment Property
This is a turnkey, cash-flowing 3-unit multifamily investment property offering long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. The tenants handle landscaping and minor repairs, reducing owner involvement. The property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. The unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1,750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate. All utilities are on one meter for simplified management. This buy-and-hold opportunity offers immediate cash flow. The property is situated on a lot of 0.31 acres and has a property size of 2112 square feet. It is located in Elyria, OH.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.110927
- Latitude
- 41.364753
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Cash-flowing 3-unit property with long-term tenants and minimal maintenance.
Where is this triplex located?
The property is located at 317 West Avenue Elyria, OH.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Turnkey, cash‑flowing 3‑unit multifamily property with immediate income.; Long‑term tenants (10+ years) ensure consistent income and low turnover.; Low‑maintenance due to tenant responsibility for landscaping and minor repairs.
