Movoto Real Estate
Sold on 12/18/2022
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231 Oberlin Rd, Elyria, OH 44035

$116,000

Last sold 12/18/2022 for $105K

  • 7

    bed

  • 3

    bath

  • 2,306

    Sqft ($46/Sqft)

Multi-family not for sale

About 231 Oberlin Rd

Property type Multi-family
Year built 1990
HOA fee $0/month
Movoto estimate
Property description
Three-unit cash-flowing investment property in Elyria currently bringing in $1,600/month with a proforma of $2,250. All leases are month-to-month with two of the units having 2-bed/1-bath and the front unit having 3-bed/1-bath. The rents collected per unit per month are: $550, $550 and $500 with a profroma of $750 per unit per month. The property comes with vinyl windows, three newer hot water tanks, updated electrical panels, 1 older furnace that runs just the front unit and the other two units have baseboard heat with tenants paying electric and gas. 1 unit has been updated with vinyl flooring, minor kitchen and bathroom updates, and modern paint scheme. Great property to add to your portfolio!
Listed by
Listing Agent - Tal Tamir
Listing Office - Russell Real Estate Services
Source: MLS Now mls logo
MLS#4423920 • last updated 3 years ago
Movoto checked MLS Now for data 30 minutes ago
Overview
Cooling/AC None
MLS # 4423920
SqFt 2306
Status Closed
Property Tax 1380
Interior
Total # of Bathrooms 3
# Full Baths 3
# Bedrooms 7
Laundry None
Exterior
Amenities / Utilities
Utilities Sewer Not Available
Sewer/ Septic None
Water Source Public
Location
Elem School District Elyria CSD - 4706
Middle School District Elyria CSD - 4706
High School District Elyria CSD - 4706
Multifamily Details
Total # of Units 3
Net Operating Income 7800
$116K
Range: $104K-$127K
Last 30 days 
  • Oct 2025
    Public Records
  • Oct 15, 2025 Sold
    $106,000
  • Oct 2025
    mls logo MLS # 5139314
  • Oct 15, 2025 Sold
    $106,000 (-11.6%)
  • Jul 11, 2025 Listed
    $119,900 (+14.2%)
  • Jan 2023
    Public Records
  • Jan 30, 2023 Sold
    $105,000
  • Jan 2023
    mls logo MLS # 4423920
  • Jan 25, 2023 Sold
    $105,000 (-8.6%)
  • Dec 18, 2022 Pending
    —
  • Dec 18, 2022 Active
    —
  • Nov 28, 2022 Pending
    —
  • Nov 17, 2022 Listed
    $114,900 (+666.0%)
  • Oct 2018
    Public Records
  • Oct 18, 2018 Sold
    $15,000
  • Year Property taxes Tax assessment
  • 2025
    $1,452 +2.5%
    $28,700
  • 2024
    $1,416 -5.7%
    $28,700 +103.11%
  • 2023
    $1,502 +91.1%
    $14,130
  • 2022
    $786 -0.2%
    $14,130
  • 2021
    $788 -7.6%
    $14,130 +9.11%
  • 2020
    $853 +5.6%
    $12,950
  • 2019
    $807 -26.2%
    $12,950 -22.32%
  • 2018
    $1,093 +8.2%
    $16,670 +7.55%
  • 2017
    $1,010 +3.9%
    $15,500
  • 2015
    $972
    $15,500
  • 231 Oberlin Rd
    $105K
  • $179K
  • 44035
    $279K +43% y/y
  • Elyria
    $269K +38% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • OH
  • Lorain County
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  • 44035
  • 231 Oberlin Rd
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