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    Property profile & analytics

    332 4Th St Elyria, OH 44035

    • Apartment buildings
    • 5,060 SF
    • 0.38 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-5815165
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 332 4Th St

    Year built
    1965
    Lot size
    0.38 lot acres
    Property size
    5,060 SF
    Property type
    Apartment buildings
    APN
    06-26-046-000-024
    APU
    626046000024

    Description

    This exceptional 16-unit apartment building presents a compelling investment opportunity in the thriving city of Elyria, Ohio. Situated on a sizable 0.38-acre lot at 332 4th Street, this property offers significant potential for income generation and value appreciation. The solid construction provides a strong foundation for long-term ownership, while the desirable location ensures consistent high rental demand. The building's current configuration provides a solid base for immediate income, but also presents a unique opportunity for modernization and optimization. Potential improvements could include unit renovations, amenity upgrades, or enhanced management strategies, all of which could lead to substantial increases in profitability. This property is an ideal addition to any investor's portfolio, offering a blend of stability and growth potential. The asking price is $650,000. The square footage is not currently available. This is a rare chance to acquire a well-located multifamily property in a strong rental market. Don't miss this chance to expand your real estate holdings with a property that promises both immediate returns and long-term growth. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $375,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $455,000
      Mixed-Use
      $425,000
      Hospitality
      $375,000
      Educational
      $420,000
      Residential Income
      $360,000
      Energy
      $350,000
      Income-Based Land
      $395,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Elyria
    County
    Lorain
    State
    Ohio
    Longitude
    -82.1088
    Latitude
    41.3639
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,319
    $17,304
    $165,900
    $183,204
    -
    $49,440
    $474,000
    $523,440

    Comparable in this City

    • Value Estimation by Request
      51,637 SF

      2425 Riv N Rd, Unit 415

      APARTMENT HOUSE (5+ UNITS) • 51,637 SF
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      View Details
    • Value Estimation
      $320,000
      4,416 SF

      1878 Turner Blvd, Unit A

      APARTMENT HOUSE (5+ UNITS) • 4,416 SF
      1878 Turner Blvd, Elyria, OH 44035-8704
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    • Value Estimation
      $3,545,000
      8,086 SF

      630 Abbe S Rd, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 8,086 SF
      630 Abbe S Rd, Elyria, OH 44035-7261
      View Details
    • Value Estimation
      $375,000
      5,302 SF

      2280 Riv N Rd, Unit 19D

      APARTMENT HOUSE (5+ UNITS) • 5,302 SF
      2280 Riv N Rd, Elyria, OH 44035-2330
      View Details
    • Value Estimation
      $1,225,000
      918 SF

      601 Abbe N Rd, Unit A7

      APARTMENT HOUSE (5+ UNITS) • 918 SF
      601 Abbe N Rd, Elyria, OH 44035-3052
      View Details
    • Value Estimation
      $1,215,000
      918 SF

      605 Abbe N Rd, Unit B10

      APARTMENT HOUSE (5+ UNITS) • 918 SF
      605 Abbe N Rd, Elyria, OH 44035-3053
      View Details

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    Similar Nearby for Lease

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      View Details
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    332 4Th St
    Elyria, OH 44035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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