334 Washington Ave, Unit 102F Elyria, OH 44035-5113
Property profile & analytics
334 Washington Ave, Unit 102F, Elyria, OH 44035-5113
- Apartment buildings
- 3,708 SF
- 1.36 lot acres
Property ID
US66-1934364
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.
Location Intelligence
Current Use by Public Records
- Mayfair Apartments / Apartment Building
- ClintPhone / Computer & Electronic Repair / Tech Support Center
Property Details for 334 Washington Ave
- Year built
- 1965
- Lot size
- 1.36 lot acres
- Property type
- Apartment buildings
- APN
- 06-25-129-000-001
- APU
- 625129000001
Description
This exceptional 42-unit apartment building, located at 334 Washington Ave, Elyria, OH 44035, presents a compelling investment opportunity. Boasting 53,240 square feet of net rentable space, the property features a mix of 24 one-bedroom/one-bath and 18 two-bedroom/one-bath units, catering to a diverse tenant base. Recently renovated with modern finishes, all units command stable rental income, offering a reliable revenue stream with significant upside potential for rent increases. The property's durable brick exterior minimizes maintenance costs, further enhancing its appeal. Currently generating a NOI of $181,679 and a 6.01% cap rate, this turnkey investment is priced at $3,024,000 ($72,000 per unit and $57 per square foot). An experienced maintenance team is in place, ensuring smooth operations and high tenant satisfaction. Situated in a high-demand rental area of Elyria, Ohio, experiencing a booming rental market and increased growth, this property offers excellent potential for value appreciation. The property's strong operational efficiency, coupled with its strategic location and newly renovated units, makes it an ideal investment for discerning buyers seeking a stable and profitable asset in a thriving market. The building was constructed in 1973.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Elyria
- County
- Lorain
- State
- Ohio
- Longitude
- -82.1076
- Latitude
- 41.373
- 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
$31,298
$59,966
$370,535
$430,501
-
$171,330
$1,058,670
$1,230,000
