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Duplex with Remodeled Lower Unit
For Sale
$99,995

327 4th Street, Elyria, OH 44035

ResidentialIncome, Elyria, OH

Property Size2,211 SF
Lot Size0.12 Acres
Price / SF$45.23
Days on Market30

Property Features for 327 4th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bedroom 3, Bathroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1
Parking features Garage
Subdivision Heman Elys
Elementary school district Elyria CSD - 4706
Middle school district Elyria CSD - 4706
High school district Elyria CSD - 4706
Directions From Middle Avenue, turn onto 4th Street. The property is located on 4th Street between Middle Avenue and West Avenue.
Standard status Active
APN 06-26-049-000-014
Size 2,211 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 4TH ST 32.50 X 165 LOT # 313
Tax Annual Amount 1687
Legal Description 4TH ST 32.50 X 165 LOT # 313

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Building materials VinylSiding
Roof type Asphalt, Fiberglass
Listing Agency: B2B Realty
Listed By: Ryan Walsh · License #2023006206
Added: Sep 16 Changed: Sep 19 Last Checked: Oct 15 at 8:06AM
MLS# 5245634

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.

Investment Insights

Based on property information with market context.

This two-unit duplex contains approximately 2,211 square feet above grade, with 3 bedrooms and 2 full bathrooms. The lower one-bedroom apartment has been remodeled with new luxury vinyl plank flooring and additional cosmetic improvements. Laundry and basement areas are also included, along with garage parking.

Constructed in 1900, the property sits on a 0.1212-acre lot in Elyria near downtown, shopping, dining, and major routes. Vinyl siding, fiberglass and asphalt roofing, forced-air natural gas heat, public water, and public sewer are among the existing property features. Long-term tenants occupy both units, providing an established rental setup.

Key Highlights

  • Two‑unit duplex with approximately 2,211 above‑grade square feet
  • 3 bedrooms and 2 full bathrooms across the property
  • Lower one‑bedroom unit remodeled with new luxury vinyl plank flooring

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Skin Care Clinic Electrical Service Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

941
Businesses Nearby

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

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - The property includes a remodeled lower apartment and garage parking.
Where is this duplex located?
The property is located at 327 4th Street Elyria, OH.
What is the asking price?
The asking price for this property is $99,995.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,211 above‑grade square feet; 3 bedrooms and 2 full bathrooms across the property; Lower one‑bedroom unit remodeled with new luxury vinyl plank flooring
More about this property
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