Duplex with Updated
42843 Crestlane Dr, Elyria, OH 44035
For Sale
New
$159,900
Pending
Each residence has its own kitchen, full bathroom, and laundry area; one is occupied and the other is vacant.
Property Size1,664 SF
Days on Market4
Property Features for 42843 Crestlane Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Amenities
laundry area
large backyard
Building Details
Year Built
Construction
Listing Agency:
EXP Realty, LLC.
Listed By:
Susan C Sasseville · License #2002019045
(440) 317-0422
Source:
Mystarkcountyhome
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 8 at 5:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC.
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.
This 1,664-square-foot ranch-style duplex, built in 1967, contains two units with two bedrooms, a full bathroom, a kitchen, and a dedicated laundry area apiece. One unit is occupied by a tenant. The vacant residence has new kitchen cabinets, a countertop and sink, along with new carpet and fresh paint throughout.
The property is in Elyria Township, with highway access, shopping, and dining described as minutes away. A large backyard is also part of the property.
The property is in Elyria Township, with highway access, shopping, and dining described as minutes away. A large backyard is also part of the property.
Key Highlights
- Two‑unit ranch‑style duplex with 1,664 square feet
- Each unit includes 2 bedrooms, 1 full bath, a kitchen, and a laundry area
- One unit is tenant‑occupied; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,233
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,660
$284.7K
Cap Rate 7%
$203,329
$203.3K
Cap Rate 9%
$158,144
$158.1K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$27.0K $16.20/SF
− Vacancy
−$1.1K −$0.65/SF
EGI
$25.9K $15.55/SF
− OpEx
−$11.6K −$7.00/SF
NOI
$14.2K $8.55/SF
Area
Lorain County, OH
Vacancy
4.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,660
Cap Rate 7%
$203,329
Cap Rate 9%
$158,144
Alternative Uses
Best Use
Multifamily LT 5
$217.7K
$190.5K – $254.0K
NOI $15,238 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$203.3K
$177.9K – $237.2K
NOI $14,233 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 18.36%
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
Location Intelligence
Trade Area within ½ mile
18
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 - Each residence has its own kitchen, full bathroom, and laundry area; one is occupied and the other is vacant.
Where is this duplex located?
The property is located at 42843 Crestlane Dr Elyria, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit ranch‑style duplex with 1,664 square feet; Each unit includes 2 bedrooms, 1 full bath, a kitchen, and a laundry area; One unit is tenant‑occupied; the other is vacant
