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Brick Four-Unit Multifamily Building

428 West Avenue, Elyria, OH 44035

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For Sale

$299,900

MULTI_FAMILY - Elyria, OH

Property size:

4,800 SF

Lot size:

0.19 Acres

Price / SF:

$62/SF

HighLights

Brick four‑unit multifamily building (3 occupied, 1 vacant) with income available immediately
Rents: Unit 1 $850/mo (lease expires 4/30/2027), Unit 2 $775/mo (lease expires 4/30/2027), Unit 3 $880/mo via Lorain Metropolitan Housing Authority (lease expires 8/31/2026)
Unit 3 includes $582 subsidy plus $298 tenant portion; Unit 4 is currently vacant for added income potential
New boiler system reported, with heating listed as steam and hot water (heating)
Public utilities: public water and public sewer; roof is asphalt
Parking includes garage and driveway

We can help!

Listing Contact

Kquawan Brown

For Sale

$299,900

MULTI_FAMILY - Elyria, OH

Property size:

4,800 SF

Lot size:

0.19 Acres

Price / SF:

$62/SF

Added:: May 12, 2026
Days on Market:: 42
Last Refresh:: Jun 22 at 10:06 pm

Property Features for 428 West Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 4
Rooms: Basement, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 4
Parking features: Garage, Driveway
Standard status: Active
APN: 06-26-045-000-003
Size: 4,800 SF
Lot size: 0.19 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: WEST AVE 70 X 121 LOT # 356
Tax Annual Amount: 3395

Utilities

Sewer type: Public Sewer
Heating system: Steam, Hot Water(Heating)
Water source: Public

Building Details

Year built: 1900
Floors in Building: 2
Building materials: Brick
Roof type: Asphalt

We can help!

Listing Contact

Kquawan Brown

Listing agent Kquawan Brown License #2016004557

Listing office Keller Williams Greater Metropolitan 29225 Chagrin Boulevard #105, Cleveland, OH

Listing date May 12, 2026

MLS# 5209212 Listing URL

HighLights

Brick four‑unit multifamily building (3 occupied, 1 vacant) with income available immediately
Rents: Unit 1 $850/mo (lease expires 4/30/2027), Unit 2 $775/mo (lease expires 4/30/2027), Unit 3 $880/mo via Lorain Metropolitan Housing Authority (lease expires 8/31/2026)
Unit 3 includes $582 subsidy plus $298 tenant portion; Unit 4 is currently vacant for added income potential
New boiler system reported, with heating listed as steam and hot water (heating)
Public utilities: public water and public sewer; roof is asphalt
Parking includes garage and driveway

Overview

This well-maintained brick four-unit multifamily building offers a straightforward income profile with three occupied units and one currently vacant unit. Unit 1 rents for $850 per month with a lease expiring 4/30/2027. Unit 2 rents for $775 per month with a lease expiring 4/30/2027. Unit 3 rents for $880 per month through the Lorain Metropolitan Housing Authority, with a $582 subsidy and a $298 tenant portion; that lease expires 8/31/2026. Unit 4 is vacant, creating flexibility for an owner-occupant or an investor looking to bring the unit back online. The exterior is brick, and the property includes numerous updates, including a new boiler system.

The property is located near shopping, dining, schools, and major highways in Elyria, Ohio, supporting convenient day-to-day access for residents.

For investors, the building’s current occupancy plus an available fourth unit can support a clear path to stabilizing and updating rental terms as leases come due. For owner-occupants, the vacant unit provides an opportunity to live in one unit while maintaining rental income from the occupied apartments.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Elyria
County: Lorain
State: Ohio
Longitude: -82.110049
Latitude: 41.363254

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For sale
Quadplexes
OH
Elyria
44035
428 West Avenue

What type of property is this?

Quadplex - Three occupied units and one vacant unit in a well-maintained brick fourplex, with updated boiler and separate tenancy opportunities.

Where is this quadplex located?

The property is located at 428 West Avenue Elyria, OH.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: Brick four‑unit multifamily building (3 occupied, 1 vacant) with income available immediately; Rents: Unit 1 $850/mo (lease expires 4/30/2027), Unit 2 $775/mo (lease expires 4/30/2027), Unit 3 $880/mo via Lorain Metropolitan Housing Authority (lease expires 8/31/2026); Unit 3 includes $582 subsidy plus $298 tenant portion; Unit 4 is currently vacant for added income potential

428 West Avenue, Elyria, OH 44035

MULTI_FAMILY - Elyria, OH

Property Features for 428 West Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Building with Apartment

Spacious Quadplex with Riverfront Lot

Car Wash Property with Dual Entrances

New Construction Duplex Investment Property

Elyria Duplex with Income Potential

Elyria Retail Investment Opportunity

Elyria Duplex: BRRRR Opportunity

Flex Space with Storage Building

Free-Standing Vacant Burger King

Elyria Office Building For Sale

Elyria Warehouse and Office Space

Freestanding Restaurant Building on Large Parcel

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