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Sold on 06/23/2023

225 Gates Ave, Elyria, OH 44035

  • $115,000

    Last sold 06/23/2023 for $60K

  • 3

    bed

  • 2

    bath

  • 1,662

    Sqft ($36/Sqft)

Multi-family not for sale
Movoto is helping 33 homebuyers near you

About 225 Gates Ave

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 3,485 Sqft
Movoto estimate
Rental estimate
Property description
Come and see this fully occupied up/down duplex in Elyria!! If you want to invest in real estate, this duplex is a great one to start with or it could also be a good addition to your portfolio. The lower unit has been recently occupied. The upstairs tenant has been living there for over two years. Both the upstairs and the downstairs tenants would love to continue their leases with the future owner. Don't miss out on this great money-making opportunity!
Listed by
Listing Agent - Billy Swanzer
Listing Agent Contact: Bill@swanzer.com (440) 988-3333
Listing Office - The Swanzer Agency
Source: MLS Now mls logo
MLS#4447335 • last updated 3 years ago
Movoto checked MLS Now for data 10 minutes ago
Overview
Cooling/AC None
MLS # 4447335
SqFt 1662
Status Closed
Lot Size (Acres) 0.08
Interior
Total # of Bathrooms 2
# Full Baths 2
# Bedrooms 3
Laundry In Unit
Exterior
Construction Vinyl Siding
Parking Desc No Garage
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Location
Subdivision N B Gates
Elem School District Elyria CSD
Middle School District Elyria CSD
High School District Elyria CSD
Multifamily Details
Total # of Units 2
Net Operating Income 680
Operating Expense 250
Lot/ Land Details
$115K
Range: $100K-$129K
Last 30 days 
Rental est.: $1,120/month
Gross rent multiplier: 4.5 - Great
  • Jun 2023
    mls logo MLS # 4447335
  • Jun 23, 2023 Sold
    $60,000 (-14.2%)
  • May 10, 2023 Pending
    —
  • Mar 29, 2023 Listed
    $69,900
  • Dec 2022
    mls logo MLS # 4398708
  • Dec 18, 2022 Pending
    —
  • Aug 14, 2022 Active
    —
  • Aug 8, 2022 Listed
    $69,900
  • 225 Gates Ave
    $60K
  • N B Gates
    —
  • 44035
    $249K +13% y/y
  • Elyria
    $243K +10% y/y
No chart available
Statistics calculated by Movoto

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5/10
Franklin Elementary School
public Grades PK, K-4
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 N B Gates

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  • Real Estate
  • OH
  • Lorain County
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  • 44035
  • 225 Gates Ave
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