Renovated Duplex with Detached
127 Pasadena Avenue, Elyria, OH 44035
For Sale
New
$259,900
ResidentialIncome, Elyria, OH
Property Size2,368 SF
Lot Size0.14 Acres
Price / SF$109.76
Days on Market2
Property Features for 127 Pasadena Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
in-unit laundry
garage
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Sylvia Incorvaia · License #411497
(216) 316-1893
Added: Nov 6
Last Checked: Nov 7 at 10:06AM
MLS# 5258209
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.
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Investment Insights
Based on property information with market context.
This 1979 duplex contains two residences totaling 2,368 square feet. Each unit has two bedrooms, one full bathroom, a kitchen, living and dining areas, a private entrance, and in-unit laundry with a washer and dryer. Recent work includes interior paint, carpeting, electric baseboard heaters, kitchen flooring, backsplashes and countertops, and bathroom lighting and medicine cabinet mirrors. Stainless steel appliances are included. The exterior and detached two-car garage have also been painted. The roof is approximately 10 years old; the hot water tanks were installed in 2022 and 2012.
The property occupies a 0.14-acre lot at 127 Pasadena Avenue in Elyria. An extra-wide concrete driveway provides off-street parking. Nearby destinations named in the listing include Ely Elementary School, Elyria Catholic High School, Dollar General, Twist & Shake, and Cozzeria Pizza. Both units are vacant.
The property occupies a 0.14-acre lot at 127 Pasadena Avenue in Elyria. An extra-wide concrete driveway provides off-street parking. Nearby destinations named in the listing include Ely Elementary School, Elyria Catholic High School, Dollar General, Twist & Shake, and Cozzeria Pizza. Both units are vacant.
Key Highlights
- Two‑unit duplex totaling 2,368 square feet
- Each unit has 2 bedrooms, 1 full bathroom, a private entrance, and in‑unit laundry
- Detached two‑car garage and extra‑wide concrete driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,685
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,700
$433.7K
Cap Rate 7%
$309,786
$309.8K
Cap Rate 9%
$240,944
$240.9K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$32.7K $13.80/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$31.0K $13.08/SF
− OpEx
−$9.3K −$3.92/SF
NOI
$21.7K $9.16/SF
Area
Lorain County, OH
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,700
Cap Rate 7%
$309,786
Cap Rate 9%
$240,944
Alternative Uses
Best Use
Multifamily LT 5
$309.8K
$271.1K – $361.4K
NOI $21,685 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$289.4K
$253.2K – $337.6K
NOI $20,255 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$596.7K
$522.2K – $696.2K
NOI $41,772 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
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Business Placement
Demographics for 44035, OH
61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lorain County, OH
Properties on Market for Duplexes in Lorain County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private entrance, two bedrooms, a full bath, and its own laundry appliances.
Where is this duplex located?
The property is located at 127 Pasadena Avenue Elyria, OH.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,368 square feet; Each unit has 2 bedrooms, 1 full bathroom, a private entrance, and in‑unit laundry; Detached two‑car garage and extra‑wide concrete driveway
