Duplex with Updated
42843 Crestlane Drive, Elyria, OH 44035
For Sale
New
$159,900
ResidentialIncome, Elyria, OH
Property Size1,664 SF
Lot Size0.29 Acres
Price / SF$96.09
Days on Market2
Property Features for 42843 Crestlane Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
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
Water source
Amenities
laundry area
backyard
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Susan C Sasseville · License #2002019045
(440) 317-0422
Added: Nov 6
Last Checked: Nov 7 at 10:06AM
MLS# 5258819
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.
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Investment Insights
Based on property information with market context.
This 1967 ranch-style duplex contains 1,664 square feet across two units, each with two bedrooms, a full bathroom, a kitchen, and a laundry area. One unit is occupied by a tenant; the other is vacant and has updated kitchen cabinets, a countertop, and a sink, along with new carpet and fresh paint. The property also includes a garage and sits on a 0.29-acre lot with a large backyard.
The property is on a quiet street in Elyria, minutes from highway access, shopping, and dining. Public water and public sewer serve the site.
The property is on a quiet street in Elyria, minutes from highway access, shopping, and dining. Public water and public sewer serve the site.
Key Highlights
- Two‑unit ranch‑style duplex totaling 1,664 square feet
- Each unit has two bedrooms, a full bath, kitchen, and laundry area
- One unit tenant‑occupied; the vacant unit has updated kitchen finishes, new carpet, and fresh paint
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
$147,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two separate laundry areas and a garage serve a ranch-style property with one occupied unit and one vacant unit.
Where is this duplex located?
The property is located at 42843 Crestlane Drive 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 totaling 1,664 square feet; Each unit has two bedrooms, a full bath, kitchen, and laundry area; One unit tenant‑occupied; the vacant unit has updated kitchen finishes, new carpet, and fresh paint
