Riverfront Quadplex Investment
1004 EAST AVENUE, Elyria, OH 44035
New
- Added:
- May 22, 2026
- Days on Market:
- 2
- Last Refresh:
- May 23 at 9:06 pm
Property Features for 1004 EAST AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- LAUNDRY: LAUNDRY ROOM
- Standard status
- Active
- Size
- 4,004 SF
- Lot size
- 2.24 Acres
Utilities
- Heating system
- Baseboard, Electric (Heating), Forced Air, Natural Gas
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1900
- Roof type
- Asphalt, Fiberglass
- Architectural style
- Other
Listing agent Christopher Frederick (216) 210-7653
Listing office Schmidt Realty 32648 Center Ridge Road, OH (440) 777-8500
Listing date May 22, 2026
MLS# 5209788
Listing URL
Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Tremendous upside potential with partially completed remodeling, allowing for value‑add and maximized returns.
- Prime riverfront lot in an investment‑friendly area with low taxes and strong rental demand.
- Exceptional income‑producing possibilities for investors or owner‑occupants.
- Major improvements already completed: lead abatement, solid roof, updated vinyl windows, and improved exterior.
- Spacious 4‑family property (quadplex) with 7 bedrooms and 4 baths.
- Vacant and easy to show, allowing immediate access for renovations or tenant placement.
Overview
This multifamily property presents an opportunity for investors and owner-occupied buyers. This spacious quadplex features four units on three finished levels, offering a total of 7 bedrooms and 4 baths. Much of the remodeling work has been completed, with some finishing remaining. Situated on a riverfront lot, the property is located in an investment-friendly area characterized by low taxes and strong rental demand. The property offers income-producing possibilities for expanding portfolios, multi-generational living, or owner-occupancy with rental income. Completed improvements include lead abatement, a solid roof, and updated vinyl windows, plus a freshly improved exterior. The layout and unit configuration are designed to create rental appeal and long-term investment potential. The property is vacant and allows immediate access for renovations or tenant placement. The property has a lot size of 2.24 acres and a property size of 4004 square feet. The property is located in Lorain County.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1037981
- Latitude
- 41.3574214
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Spacious quadplex with remodeling work completed, upside potential!
Where is this quadplex located?
The property is located at 1004 EAST AVENUE Elyria, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Tremendous upside potential with partially completed remodeling, allowing for value‑add and maximized returns.; Prime riverfront lot in an investment‑friendly area with low taxes and strong rental demand.; Exceptional income‑producing possibilities for investors or owner‑occupants.
