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    Elyria, OH
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    Elyria, OH Multifamily Properties for Sale

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    Found 15 multifamily properties for sale in Elyria, OH, averaging $71/sq ft. Use valuation data to compare deals faster.
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    Duplex with Attached Apartment
    Updated: Sep 7
    Duplex with Attached Apartment

    224 6th Street, Elyria, OH 44035

    $137,000
    2,520 sqft 0.25 AC lot
    Duplex with colonial residence and attached apartment
    2,520 square feet on a 0.25‑acre parcel
    Apartment bathroom includes a walk‑in shower and washer/dryer hookups
    Apartment furnace installed in 2022
    Updated main‑home kitchen with stainless steel appliances and butcher block countertops
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    Duplex with Updated Kitchens
    Updated: Sep 11
    Duplex with Updated Kitchens

    228 Gates, Elyria, OH 44035

    $123,000
    1,491 sqft 0.08 AC lot
    Two‑unit duplex with 1,491 square feet; each unit has 2 bedrooms and 1 full bathroom
    Upper unit is vacant and was professionally painted and cleaned
    Basement waterproofing and sump pump completed in 2022
    Hot water tanks date to 2019; furnaces date to 2021 upstairs and 2017 downstairs
    Slate roof, basement storage, garage, public water, and public sewer
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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    124 Creekfield Court, Elyria, OH 44035

    $234,900
    2,311 sqft 0.29 AC lot

    Each residence offers a functional layout, refreshed finishes, and dedicated off-street parking.

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    See hot listings in Elyria

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Duplex with Attached Apartment
    Duplex with Attached Apartment

    224 6th St, Elyria, OH 44035

    $137,000
    2,520 sqft 0.25 AC lot

    Century home with an attached apartment, updated kitchens and baths, first-floor laundry, and proximity to Ely Square.

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    Two-Unit Duplex with Rear Deck
    Two-Unit Duplex with Rear Deck

    140 School Street, Elyria, OH 44035

    $169,900
    0.21 AC lot

    The upper residence has a separate driveway and access to a rear deck.

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    Two-Unit Duplex with Flexible Layout
    Two-Unit Duplex with Flexible Layout

    934 Middle Avenue, Elyria, OH 44035

    $105,000
    2,140 sqft 0.15 AC lot

    Separate apartments can be connected to create a single four-bedroom, two-bath residence.

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    Duplex with Remodeled Lower Unit
    Duplex with Remodeled Lower Unit

    327 4th Street, Elyria, OH 44035

    $99,995
    2,211 sqft 0.12 AC lot

    The property includes a remodeled lower apartment and garage parking.

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    4-Unit Brick Quadplex
    4-Unit Brick Quadplex

    428 West Ave, Elyria, OH 44035

    $289,900
    4,800 sqft

    Brick construction and a new boiler system support durable multifamily operations.

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    Brick Quadplex with Updated Boiler
    Brick Quadplex with Updated Boiler

    428 West Avenue, Elyria, OH 44035

    $284,900
    0.19 AC lot

    Radiant heating, garage parking, and a private water source serve this four-unit residential property.

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

    154 Woodbury St, Elyria, OH 44035

    $244,000
    3,552 sqft

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

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    Duplex with Forced-Air Heating
    Duplex with Forced-Air Heating

    211 Brace Avenue, Elyria, OH 44035

    $139,800
    1,296 sqft

    Two-unit residential property with natural gas service and forced-air heating in Elyria.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    228 Gates Ave, Elyria, OH 44035

    $123,000
    1,491 sqft

    Two-bedroom units offer remodeled kitchens, refreshed baths, and separate living areas in a well-maintained residential property.

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    Duplex with Two-Car Garage
    Duplex with Two-Car Garage

    124 Creekfield Ct, Elyria, OH 44035

    $234,900
    2,311 sqft

    Both residences have matching bedroom and bath layouts, with one garage stall assigned to each unit.

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    Duplex with Updated Unit
    Duplex with Updated Unit

    327 4th Street, Elyria, OH 44035

    $99,995
    2,211 sqft

    The lower residence has new luxury vinyl plank flooring and additional cosmetic improvements.

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    Renovated Eight-Unit Multifamily Building
    Renovated Eight-Unit Multifamily Building

    7444 Lake Ave., Elyria, OH 44035

    Contact for pricing

    Eight residential units with recent apartment renovations and exterior upgrades, plus ample on-site parking.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 15 Active listings in Elyria, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Duplex with Updated Interiors
    Duplex with Updated Interiors

    2331 Homewood Drive, Lorain, OH 44055

    $140,000
    2,688 sqft 0.17 AC lot

    Two-unit property with separate living areas, basement laundry access, paved parking, and recent improvements to both residences.

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    Renovated 8-Unit Apartment Building
    Renovated 8-Unit Apartment Building

    1505 Herbert Drive, Lorain, OH 44053

    $675,000
    0.44 AC lot

    Fully occupied apartments feature updated interiors and electric ceiling heat.

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    Renovated 8-Unit Apartment Building
    Renovated 8-Unit Apartment Building

    1505 Herbert Drive, Lorain, OH 44053

    $675,000

    Newly renovated, fully occupied 8-unit building with 1 bed/1 bath apartments and updated mechanical and interior features.

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    Studio Apartment Multifamily Property
    Studio Apartment Multifamily Property

    2833 Seneca Avenue, Lorain, OH 44055

    Contact for pricing

    Well-maintained 15-unit multifamily building with studios, generating gross rental income of about $10,500 per month.

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    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
    Estimated value:
    $275,000
    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
    Estimated value:
    $190,000
    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
    Estimated value:
    $380,000
    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
    Estimated value:
    $385,000
    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
    Estimated value:
    $240,000
    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
    Estimated value:
    $260,000
    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
    Estimated value:
    $3,475,000
    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
    Estimated value:
    $200,000
    4,872 sqft 0.39 AC lot
    View details
    422 Eagle Cir
    MOBILE HOME PARK, TRAILER PARK

    422 Eagle Cir, Elyria, OH 44035-2613

    Estimated value:
    $610,000
    56.71 AC lot
    View details

    Elyria, OH Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Elyria, OH, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 28,854 square feet of properties for sale, with an estimated market value of $2,423,290.

    Sale prices for multifamily properties in Elyria, OH start at $99,995, averaging $173,092, and reaching up to $289,900 — 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 12
    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 $160K

    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)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Lorain County

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

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