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161 High St, Elyria, OH 44035

  • $369,000

  • 6

    bed

  • 2

    bath

  • 2,432

    Sqft ($152/Sqft)

Multi-family for sale 108 days
$10K price drop
Movoto is helping 33 homebuyers near you

About 161 High St

Property type Multi-family
Neighborhood
Year built 2025
HOA fee $0/month
Lot size 10,019 Sqft
Property description
Https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (Walking tour) Brand New Construction Duplex – Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft). Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns. As new construction completed in December 2025, the property also includes a 1-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns — this is a true turnkey investment.
Listed by
Listing Agent - Sharon Y Jebavy
Listing Agent Contact: 614-432-7325, Sharon@homewisemls.com
Listing Office - HomeWise Real Estate, LLC
Source: MLS Now mls logo
MLS#5186668 • last updated 2 weeks ago
Movoto checked MLS Now for data 9 minutes ago
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Overview
Cooling/AC Central Air
Heating Gas
Levels/Style Two
MLS # 5186668
SqFt 2432
Status Active
Lot Size (Acres) 0.23
New Construction (Y/N) 1
Condition New Construction
Interior
Total # of Bathrooms 2
# Bedrooms 6
Basement None
Window Features Screens
Exterior
Fencing Wood
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Security Features Smoke Detector(s)
Location
Subdivision Wm A Bramans Sub
Elem School District Elyria CSD - 4706
Middle School District Elyria CSD - 4706
High School District Elyria CSD - 4706
Multifamily Details
Operating Expense 2500
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N/A
Oakwood Elementary School
public Grades 1-5
Elyria City Schools
6/10
Westwood Middle School
public Grades 5-8
Elyria City Schools
3/10
Elyria High School
public Grades 9-12
Elyria City Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around Wm A Bramans Sub

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View homes for sale in 44035, OH
28/100
Walk
70/100
Family
49/100
Dining
82/100
Pet
  • Real Estate
  • OH
  • Lorain County
  • Elyria
  • 44035
  • 161 High St

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