122 Elbe Street, Elyria, OH 44035
W L Fays Add · Lorain County
Key Facts
Description
Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1900
Stories
2
Lot Size
0.12 acres
Days on Market
29
MLS® Listing#
5205281
Property Features
Cooling
Heating
Basement
Parking
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$4,457
Tax year 2025
Parcel Number
06-24-087-101-019
Directions
Lorain County
Affordability Calculator
$42,000
Estimated monthly payment
$1,118/mo
Principal $168,000 · Est. interest $234,375 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elyria, OH
- 48
- Median Days on Market
- 1,527
- Median Sq Ft
- $121
- Median Price / Sq Ft
- 110
- Active Listings
Market statistics compiled from active EXIT Realty® and MLS listings in Elyria, OH.
Location
Points of Interest in Elyria, OH
Showing the Elyria area map.
Nearby Schools
Elyria City School District
Elementary · 0.6 mi away
Roosevelt Elementary School
Elementary · 0.7 mi away
Horizon Education Centers
School · 0.9 mi away
St Mary School Elyria
School · 1.1 mi away
Elyria High School
Secondary · 1.1 mi away
Franklin Elementary School
Secondary · 1.3 mi away
Ely Elementary School
Elementary · 1.5 mi away
Hamilton Elementary School
Elementary · 1.5 mi away
Northwood Middle School
Elementary · 1.5 mi away
Elyria Catholic High School
Secondary · 1.7 mi away
Elyria Christian Academy
School · 1.8 mi away
Westwood Middle School
Secondary · 1.8 mi away
Kid's Center
Elementary · 1.9 mi away
Eastern Heights Middle School
Elementary · 1.9 mi away
Murray Ridge School
School · 1.9 mi away
Open Door Christian School
School · 1.9 mi away
Lccaa Head Start
School · 1.9 mi away
Crestwood Elementary School
Elementary · 1.9 mi away
Ely Stadium
School · 2.0 mi away
St. Jude School
Secondary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 180 Cleveland Street, Elyria, OH | $149,000 | 6 | 2 | 2,008 |
| 715 S Logan Street, Elyria, OH | $149,900 | 3 | 1 | 925 |
| 211 Brace Avenue, Elyria, OH | $150,000 | 4 | 2 | 1,296 |
| 861 Oak Street, Elyria, OH | $164,900 | 3 | 1 | 1,056 |
| 590 Bell Avenue, Elyria, OH | $169,000 | 3 | 1 | 1,860 |
| 10924 Libby Avenue, Elyria, OH | $170,000 | 3 | 1 | — |
Moving Cost Estimate
EXIT Agents in Elyria
Listing Courtesy: Russell Real Estate Services - tal@premierclevelandinvesting.com, 216-870-8687
Last Updated: 2026-04-29