Duplex with Attached
143/145 Meadowfield Court, Elyria, OH 44035
For Sale
New
$234,900
ResidentialIncome, Elyria, OH
Property Size2,294 SF
Lot Size0.45 Acres
Price / SF$102.40
Days on Market4
Property Features for 143/145 Meadowfield Court
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Russell Real Estate Services
(440) 327-6511
Listed By:
Chad Schneider · License OH #2003013268
(440) 225-8449
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 5259990
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1979, this duplex contains 2,294 square feet across two residences, each with two bedrooms and one-and-a-half baths. The larger unit also has a family room. An attached two-car garage provides one space for each residence, with additional driveway parking. Outdoor features include a front porch, two rear patios separated by a privacy fence, and a backyard with tree views. The property sits on 0.45 acres and has public water and sewer service.
The home is on a cul-de-sac near highways, parks, local conveniences, and LCCC. The roof and driveway have been updated.
The home is on a cul-de-sac near highways, parks, local conveniences, and LCCC. The roof and driveway have been updated.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 baths
- 2,294 square feet on a 0.45‑acre lot
- Attached 2‑car garage with one space for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,008
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,160
$420.2K
Cap Rate 7%
$300,114
$300.1K
Cap Rate 9%
$233,422
$233.4K
Market Conditions
NOI Build-Up for 2,294 SF
Gross rent
$31.7K $13.80/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$30.0K $13.08/SF
− OpEx
−$9.0K −$3.92/SF
NOI
$21.0K $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%
$420,160
Cap Rate 7%
$300,114
Cap Rate 9%
$233,422
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.1K
NOI $21,008 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$280.3K
$245.3K – $327.0K
NOI $19,622 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$578.1K
$505.8K – $674.4K
NOI $40,466 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
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
$147,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Both residences offer two bedrooms, one-and-a-half baths, and access to a shared two-car garage.
Where is this duplex located?
The property is located at 143/145 Meadowfield Court Elyria, OH.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 baths; 2,294 square feet on a 0.45‑acre lot; Attached 2‑car garage with one space for each residence
