Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    332 4Th St Elyria, OH 44035

    Sponsored
    For Sale
    $650,000

    16-Unit Apartment Building, High Demand

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 16-unit apartment building presents a compelling investment opportunity in the thriving city of Elyria, Ohio. Situated on a sizable 0.38-acre lot at 332 4th Street, this property offers significant potential for income generation and value appreciation. The solid construction provides a strong foundation for long-term ownership, while the desirable location ensures consistent high rental demand. The building's current configuration provides a solid base for immediate income, but also presents a unique opportunity for modernization and optimization. Potential improvements could include unit renovations, amenity upgrades, or enhanced management strategies, all of which could lead to substantial increases in profitability. This property is an ideal addition to any investor's portfolio, offering a blend of stability and growth potential. The asking price is $650,000. The square footage is not currently available. This is a rare chance to acquire a well-located multifamily property in a strong rental market. Don't miss this chance to expand your real estate holdings with a property that promises both immediate returns and long-term growth. Serious inquiries only.

    Property Features for 332 4Th St

    General Information

    Property type
    Residential income properties
    Lot Size
    16,553 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -82.1089
    Latitude
    41.36395

    Nearby Similar for Sale

    • $199,900
      0.26 Acres

      Mixed-Use Property in High-Traffic Location

      Mixed-use property with retail/office space and residential apartment.
      436 Cleveland St, Elyria, OH 44035
      View Details
    • $160,000
      1,922 SF

      Elyria Duplex with Income Potential

      Turnkey duplex in Elyria, tenants pay all utilities.
      227 6Th St, Elyria, OH 44035
      View Details
    • $285,000
      0.06 Acres

      Professional Office Condo For Sale

      2400 sq ft office condo in prime Lorain County location.
      5319 Meadow Lane Ct, Sheffield Village, OH 44035
      View Details
    • $399,000
      1.00 Acre

      Turn-Key Restaurant & Bar Opportunity

      Fully operational restaurant and bar with equipment and liquor license.
      42753 N Ridge Rd, Elyria, OH 44035
      View Details
    • $149,900
      Pending

      Turnkey Triplex Investment Opportunity

      Fully leased triplex with recent upgrades and reliable tenants.
      1120 East Ave, Elyria, OH 44035
      View Details
    • $209,000
      0.37 Acres

      Mixed-Use Building on High-Traffic Corner

      Mixed-use building with income potential in high-traffic location.
      632 Cleveland St, Elyria, OH 44035
      View Details
    • $135,000
      1,680 SF

      Updated Duplex Near Medical Center

      Turnkey duplex in Elyria, near hospitals and commuter routes.
      338 17Th St, Elyria, OH 44035
      View Details
    • $165,000
      3,920 SF

      Elyria Mixed-Use Investment Opportunity

      Four-unit property with storefront, great income potential, convenient location.
      1115 East Ave, Elyria, OH 44035
      View Details
    • $450,000
      1.02 Acres

      Elyria Commercial Building with Storage

      9102 SF brick building plus 4000 SF metal storage building.
      220 Oberlin Rd, Elyria, OH 44035
      View Details
    • $100,000
      0.21 Acres

      Elyria Multifamily Property For Sale

      Multifamily property in Elyria, Ohio, tenant occupied, sold as-is.
      241 7Th St, Elyria, OH 44035
      View Details
    • New
      $92,900
      0.67 Acres

      Elyria Commercial Building with Drive-Thru

      Former bank building with drive-thru lanes and high visibility.
      223 Abbe Rd N, Elyria, OH 44035
      View Details
    • $375,000
      4,601 SF

      Profitable Single-Family Portfolio in Lorain

      Fully occupied portfolio with strong cash flow and potential equity.
      509 Lake Ave, Elyria, OH 44035
      View Details

    FAQs

    What type of property is this?
    Residential income property - 16-Unit Apartment Building, High Demand
    Where is this residential income property located?
    The property is located at 332 4Th St Elyria, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    (440) 327-2123
    Request Owner's contact information
    332 4Th St Elyria, OH 44035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    332 4Th St
    Elyria, OH 44035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    332 4Th St Elyria, OH 44035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.