Brick Four-Unit Multifamily
For Sale
$299,900
428 West Avenue, Elyria, OH 44035
MULTI_FAMILY - Elyria, OH
Property Size4,800 SF
Lot Size0.19 Acres
Price / SF$62.48
Days on Market90
Property Features for 428 West Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Basement, Bedroom 4, Bedroom 1
Parking features
Garage, Driveway
Subdivision
Heman Elys Town
Elementary school district
Elyria CSD - 4706
Middle school district
Elyria CSD - 4706
High school district
Elyria CSD - 4706
Directions
Broad St to West Ave
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
Legal Description
WEST AVE 70 X 121 LOT # 356
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
Listing Agency:
Keller Williams Greater Metropolitan · Keller Williams Realty
(216) 839-5500
Listed By:
Kquawan Brown · License #2016004557
(216) 272-4616
Added: May 12
Changed: Aug 1
Last Checked: Aug 9 at 10:06AM
MLS# 5209212
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 four-unit quadplex offers a straightforward rental setup with three occupied units and one vacant unit. The building has a brick exterior and a durable, asphalt shingle roof. Heating is provided by steam and hot water systems, and the property is served by public water and public sewer. Parking includes a garage and a driveway.
The property sits on a 0.19-acre lot and totals 4,800 square feet. Built in 1900, the building includes updates such as a new boiler system, supporting lower near-term capital needs. Lease details include Unit 1 and Unit 2 with leases expiring 4/30/2027, and Unit 3 with a lease expiring 8/31/2026 through the Lorain Metropolitan Housing Authority.
With one unit currently vacant, the owner can pursue lease-up or rent optimization to improve overall performance.
The property sits on a 0.19-acre lot and totals 4,800 square feet. Built in 1900, the building includes updates such as a new boiler system, supporting lower near-term capital needs. Lease details include Unit 1 and Unit 2 with leases expiring 4/30/2027, and Unit 3 with a lease expiring 8/31/2026 through the Lorain Metropolitan Housing Authority.
With one unit currently vacant, the owner can pursue lease-up or rent optimization to improve overall performance.
Key Highlights
- Brick quadplex with three occupied units and one vacant unit
- 4,800 SF on a 0.19‑acre lot
- Leases: Units 1 and 2 expire 4/30/2027; Unit 3 expires 8/31/2026
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained brick quadplex with three occupied units and one vacant unit, served by public water and sewer.
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 quadplex with three occupied units and one vacant unit; 4,800 SF on a 0.19‑acre lot; Leases: Units 1 and 2 expire 4/30/2027; Unit 3 expires 8/31/2026
