5 Water Street, Elyria, OH 44035
Black River · Lorain County
Key Facts
Description
This lovely home is currently tenant occupied and has been rented out for 24 years. This large home can either be owner occupied or may be an investment property. Current tenant would like to remain. The home has 4 bedrooms on the second floor with a full bath. The main floor living space has a foyer, living room, dining room and large kitchen, also a full bathroom. The basement has a full bathroom, and the attic has a full bathroom that is not used. Windows are vinyl replacements, hot water tank is newer, furnace and A/C is 90% efficient. The 2 car detached garage door does not open (needs repair) and is not currently in use. This is a solid house that will need the new owners TLC. This home was previously used as a 4 unit rental prior to current owner who converted it to a single family rental. This home also passes annual section 8 inspections and is due for inspection. Currently renting out under market value on a month to month basis at $850.00 monthly and tenant paying all utilities. All trees were recently removed, and a new roof was installed 6/17/2026
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Colonial
Year Built
1900
Stories
3
Living Area
1,844 sq ft
Lot Size
0.17 acres
Lot Dimensions
55 x 130
Garage Spaces
1
MLS® Listing#
5220268
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Fireplace
Basement
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Windows
Security
Other Structures
Sewer
Water Source
Rooms
- ND x NDSecond
- ND x NDFirst
- BedroomND x NDSecond
- BedroomND x NDSecond
- BedroomND x NDSecond
- Dining RoomND x NDFirst
- KitchenND x NDFirst
- LaundryND x NDLower
- Living RoomND x NDFirst
- LoftND x NDThird
Financial Details
HOA
None
Annual Taxes
$1,763
Tax year 2025
Parcel Number
06-26-069-000-013
Directions
Broad St to Water St.
Affordability Calculator
$18,900
Estimated monthly payment
$503/mo
Principal $75,600 · Est. interest $105,469 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elyria, OH
- 49
- Median Days on Market
- 1,527
- Median Sq Ft
- $121
- Median Price / Sq Ft
- 110
- Active Listings
- Its price per sq ft is 58% below the area median.
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
Roosevelt Elementary School
Elementary · 0.2 mi away
St Mary School Elyria
School · 0.5 mi away
Elyria High School
Secondary · 0.6 mi away
Franklin Elementary School
Secondary · 0.8 mi away
Horizon Education Centers
School · 0.9 mi away
Hamilton Elementary School
Elementary · 1.0 mi away
Ely Elementary School
Elementary · 1.2 mi away
Elyria City School District
Elementary · 1.2 mi away
Northwood Middle School
Elementary · 1.4 mi away
Eastern Heights Middle School
Elementary · 1.4 mi away
Kid's Center
Elementary · 1.5 mi away
Elyria Catholic High School
Secondary · 1.5 mi away
Ely Stadium
School · 1.5 mi away
Elyria Christian Academy
School · 1.7 mi away
Elyria City School District
Secondary · 1.7 mi away
St. Jude School
Secondary · 1.8 mi away
Murray Ridge School
School · 1.8 mi away
Elyria Community Middle School
School · 1.9 mi away
Elyria Community Elementary School
Elementary · 2.1 mi away
Lccaa Head Start
School · 2.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 135 Inglewood Place, Elyria, OH | $69,000 | 3 | 2 | 1,216 |
| 144 Virginia Avenue, Elyria, OH | $74,000 | 3 | 2 | 1,280 |
| 362 Pin Oak Circle, Elyria, OH | $74,000 | 3 | 2 | — |
| 240 Cherry Bottom Glen, Elyria, OH | $74,900 | 3 | 2 | 924 |
| 132 Irondale Street, Elyria, OH | $79,900 | 3 | 2 | 2,631 |
| 433 3rd Street, Elyria, OH | $89,900 | 3 | 1 | — |
Moving Cost Estimate
EXIT Agents in Elyria
Listing Courtesy: Russell Real Estate Services - jimwallrealestate@gmail.com, 440-537-4332
Last Updated: 2026-06-18