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    Elyria, OH
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    Elyria, OH Multifamily Properties for Sale

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    Brick Four-Unit Multifamily Building
    Updated: May 12
    Brick Four-Unit Multifamily Building

    428 West Avenue, Elyria, OH 44035

    $299,900
    4,800 sqft 0.19 AC lot
    Brick 4‑unit multifamily building (3 occupied, 1 vacant) with public water and public sewer.
    Current rents: Unit 1 $850/mo (lease expires 4/30/2027) and Unit 2 $775/mo (lease expires 4/30/2027).
    Unit 3 rents $880/mo through Lorain Metropolitan Housing Authority ($582 subsidy + $298 tenant portion), lease expiring 8/31/2026.
    Unit 4 is vacant, offering immediate upside for lease‑up or rent growth.
    Heating includes hot water (heating) and steam; roof is asphalt; parking features include a garage and driveway.
    View details
    Turnkey Duplex Investment Opportunity
    Updated: Jul 3
    Turnkey Duplex Investment Opportunity

    228 Gates, Elyria, OH 44035

    $126,500
    1,491 sqft 0.08 AC lot
    Duplex with 2 bedrooms and 1 full bath in each unit; both units currently occupied by tenants
    Monthly rents total $1,595: downstairs tenant month‑to‑month at $875; upstairs lease ends 12/31/2026 at $720
    Utilities paid by tenants except water and sewer; water source is public and sewer is public sewer
    Updates include sump pump (2022) and basement waterproofing (2022); hot water tanks 2019 (up & down)
    Furnaces include newer furnace 2021 (up) and furnace 2017 (down); new fridges in both units
    View details
    Tenant-Occupied Two-Unit Duplex
    Tenant-Occupied Two-Unit Duplex

    245 7th Street, Elyria, OH 44035

    $139,900
    0.22 AC lot

    Duplex with two leased units, including a 2-bedroom first-floor layout and a 3-bedroom second-floor layout.

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    Elyria Mixed-Use Investment Opportunity
    Elyria Mixed-Use Investment Opportunity

    154 Woodbury St, Elyria, OH 44035

    $269,000
    3,552 sqft

    Mixed-use property with commercial space, residential units, and warehouse.

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    Two-Unit Duplex Investment
    Two-Unit Duplex Investment

    140 School Street, Elyria, OH 44035

    $174,900
    0.21 AC lot

    Cash-flowing duplex featuring two separate units with multiple bedrooms, full bathrooms, and dedicated outdoor and storage space.

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    Spacious Quadplex with Riverfront Lot
    Spacious Quadplex with Riverfront Lot

    1004 East Avenue, Elyria, OH 44035

    $179,900
    4,004 sqft 2.24 AC lot

    Four-unit property with remodeling potential on a prime riverfront lot.

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    Elyria Duplex with Separate Utilities
    Elyria Duplex with Separate Utilities

    1006 Middle Avenue, Elyria, OH 44035

    $49,900
    2,280 sqft 0.15 AC lot

    Two-story duplex in Elyria with separate utilities and cash flow.

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    Prime Location Commercial Land
    Prime Location Commercial Land

    43033 North Ridge Road, Elyria, OH 44035

    $100,000

    High-traffic land ideal for storage, offices, retail, or apartments.

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    Elyria Duplex Investment Opportunity
    Elyria Duplex Investment Opportunity

    225 Harwood Street, Elyria, OH 44035

    $65,000
    1,728 sqft 0.12 AC lot

    Duplex in Elyria with income potential, TLC needed.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Elyria, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex with Private Porches
    Triplex with Private Porches

    360 S Main Street, Oberlin, OH 44074

    $199,000
    2,514 sqft 0.25 AC lot

    Well-maintained triplex with three separate units, each featuring a private porch for tenant privacy.

    View details
    Corner Lot Restaurant with Apartment
    Corner Lot Restaurant with Apartment

    1700 E 31st St, Lorain, OH 44055

    $160,000
    2,928 sqft

    Retail restaurant with apartment and full basement on corner lot.

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    Multifamily Property with 11 Units
    Multifamily Property with 11 Units

    540 W College St, Oberlin, OH 44074

    $950,000

    Multifamily property featuring 11 units, available for sale.

    View details
    Mixed-Use Investment Property For Sale
    Mixed-Use Investment Property For Sale

    4645 Oberlin Ave, Lorain, OH

    $469,000
    7,466 sqft 1.85 AC lot

    Mixed-use property featuring office, apartments, and warehouses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Eastlake Marina District Land
    Eastlake Marina District Land

    35783 Lake Shore Boulevard, Eastlake, OH 44095

    $765,000
    5.66 AC lot

    5.66 acres in Eastlake's Marina District, primed for development.

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    Residential Land in Mount Gilead
    Residential Land in Mount Gilead

    7326 State Route 19, Mount Gilead, OH 43338

    Contact for pricing
    0.40 AC lot

    Land available in Mount Gilead with lake amenities.

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    Residential Land in Mount Gilead
    Residential Land in Mount Gilead

    7326 State Route 19, Unit 6, Lots 90,91,92, Mount Gilead, OH 43338

    Contact for pricing
    0.40 AC lot

    Land for sale with lake amenities in Mount Gilead.

    View details
    Residential Lot in Vernon Township
    Residential Lot in Vernon Township

    10312 PERRY Highway, Meadville, PA 16335

    $34,900
    0.63 AC lot

    0.63 acre residential lot with utilities in Vernon Township, PA.

    View details

    Off-Market Properties in Elyria, OH

    Consider similar Off-Market properties in Elyria, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    115 Fox Hl Ln, Unit A2
    APARTMENT HOUSE (5+ UNITS)

    115 Fox Hl Ln, Elyria, OH 44035-2701

    Unit A2
    $515,000
    Estimated value
    3,816 sqft 0.83 AC lot
    View details
    258 Brunswick Dr, Unit A
    APARTMENT HOUSE (5+ UNITS)

    258 Brunswick Dr, Elyria, OH 44035-4682

    Unit A
    Value Estimation by Request
    4,872 sqft 0.41 AC lot
    View details
    136 Brunswick Dr, Unit D
    APARTMENT HOUSE (5+ UNITS)

    136 Brunswick Dr, Elyria, OH 44035-4627

    Unit D
    Value Estimation by Request
    1,886 sqft 0.37 AC lot
    View details
    133 Academy Ct, Unit B
    APARTMENT HOUSE (5+ UNITS)

    133 Academy Ct, Elyria, OH 44035-4646

    Unit B
    $740,000
    Estimated value
    6,602 sqft 1.68 AC lot
    View details
    484 10th St, Unit 2
    APARTMENT HOUSE (5+ UNITS)

    484 10th St, Elyria, OH 44035-7076

    Unit 2
    Value Estimation by Request
    1,179 sqft 0.11 AC lot
    View details
    701 Broad St, Unit C10
    APARTMENT HOUSE (5+ UNITS)

    701 Broad St, Elyria, OH 44035-5358

    Unit C10
    Value Estimation by Request
    3,768 sqft 0.47 AC lot
    View details
    630 Abbe S Rd, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    630 Abbe S Rd, Elyria, OH 44035-7261

    Unit 1
    $3,475,000
    Estimated value
    8,086 sqft 2.46 AC lot
    View details
    254 Brunswick Dr, Unit A
    APARTMENT HOUSE (5+ UNITS)

    254 Brunswick Dr, Elyria, OH 44035-8701

    Unit A
    Value Estimation by Request
    4,872 sqft 0.39 AC lot
    View details
    422 Eagle Cir
    MOBILE HOME PARK, TRAILER PARK

    422 Eagle Cir, Elyria, OH 44035-2613

    $610,000
    Estimated value
    56.71 AC lot
    View details
    417 Ee Ave, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    417 Ee Ave, Elyria, OH 44035-5735

    Unit 1
    Value Estimation by Request
    832 sqft 0.25 AC lot
    View details
    316 Furnace St, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    316 Furnace St, Elyria, OH 44035-5068

    Unit 1
    Value Estimation by Request
    4,928 sqft 0.20 AC lot
    View details
    501 Delaware Ave, Unit 1
    APARTMENT HOUSE (5+ UNITS)

    501 Delaware Ave, Elyria, OH 44035-6675

    Unit 1
    $1,280,000
    Estimated value
    7,488 sqft 0.96 AC lot
    View details
    605 Abbe N Rd, Unit B9
    APARTMENT HOUSE (5+ UNITS)

    605 Abbe N Rd, Elyria, OH 44035-3053

    Unit B9
    $1,195,000
    Estimated value
    918 sqft 0.04 AC lot
    View details
    605 Abbe N Rd, Unit B8
    APARTMENT HOUSE (5+ UNITS)

    605 Abbe N Rd, Elyria, OH 44035-3053

    Unit B8
    $1,195,000
    Estimated value
    918 sqft 0.04 AC lot
    View details
    605 Abbe N Rd, Unit B7
    APARTMENT HOUSE (5+ UNITS)

    605 Abbe N Rd, Elyria, OH 44035-3053

    Unit B7
    $1,195,000
    Estimated value
    918 sqft 0.04 AC lot
    View details

    Elyria, OH Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Elyria, OH, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 17,855 square feet of properties for sale, with an estimated market value of $990,200.

    Sale prices for multifamily properties in Elyria, OH start at $49,900, averaging $165,033, and reaching up to $299,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 5
    Quadplexes 2
    Apartment buildings 1

    Demographics Overview

    Population 110K
    Population Growth (5Y) +3.5%
    Median Household Income $69,523
    College Educated 34.3%

    High-Yield Neighborhoods for Investment

    Identify Elyria submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    44035 $163.6K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lorain County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Elyria fall within the 100,000+ square foot range.

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