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Sold on 08/09/2025

409 Gulf Rd, Elyria, OH 44035

  • $124,000

    Last sold 08/09/2025 for $124K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 409 Gulf Rd

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 6,534 Sqft
Movoto estimate
Rental estimate
Property description
Great investment opportunity or live in one unit and let the tenant help with a portion of the mortgage. 2 family unit w/2 bedroom & 1 bath in each. Upper unit offers rear balcony. Both units mirror images of one another. Price reflects Basement needing work and furnaces are original, but still operable. List price is below recent assessed tax value.
Listed by
Listing Agent - Dawn Balog
Listing Office - Russell Real Estate Services - North Ridgeville
Source: Firelands Association of REALTORS mls logo
MLS#20252416 • last updated 1 year ago
Movoto checked Firelands Association of REALTORS for data 1 hour ago
Overview
Heating Forced Air, Gas
Levels/Style 2 Story
Status Active
MLS # 20252416
Type Multiple Units
SubType Duplex
Lot Size (SqFt) 6534
Lot Size (Acres) 0.15
Semi-Annual Property Tax 1365.5
Year Built 1900
Interior
Exterior
Foundation Basement
Exterior Construction Aluminum
Parking Desc None
Amenities / Utilities
Electricity ON
Sewer/ Septic Public Sewer
Water Public
Extra Features Range, Refrigerator
Location
Area Elyria
County Lorain
School District Elyria
APN 06-25-038-103-004
Zoning Residential
Directions Gulf Rd. North Of Cleveland St.
Multifamily Details
Gross Income 9900
$124K
Range: $106K-$141K
Last 30 days 
Rental est.: $845/month
Gross rent multiplier: 12.2
  • Sep 2025
    Public Records
  • Sep 2, 2025 Sold
    $124,000
  • Aug 2025
    mls logo MLS # 20252416
  • Aug 26, 2025 Sold
    $124,000 (-14.5%)
  • Aug 11, 2025 Pending
    —
  • Jul 23, 2025 Listed
    —
  • Jun 30, 2025 Pending
    —
  • Jun 27, 2025 Listed
    $145,000
  • Jun 2025
    mls logo MLS # 5134985
  • Jun 28, 2025 Pending
    —
  • Jun 27, 2025 Listed
    $145,000
  • Year Property taxes Tax assessment
  • 2024
    $2,731 +67.1%
    $56,333 +92.39%
  • 2023
    $1,635 +0.3%
    $29,280
  • 2022
    $1,629 -0.2%
    $29,280
  • 2021
    $1,633 +3.5%
    $29,280 +22.2%
  • 2020
    $1,577 +5.6%
    $23,960
  • 2019
    $1,493 -0.2%
    $23,960
  • 2018
    $1,496 -4.7%
    $23,960 -0.58%
  • 2017
    $1,570 +1.3%
    $24,100
  • 2015
    $1,550
    $24,100
  • 409 Gulf Rd
    $124K
  • Elyria
    $179K
  • 44035
    $289K +28% y/y
  • Elyria
    $281K +24% y/y
No chart available
Statistics calculated by Movoto

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4/10
Ely Elementary School
public Grades K-4
Elyria City Schools
5/10
Northwood 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.

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  • Real Estate
  • OH
  • Lorain County
  • Elyria
  • 44035
  • 409 Gulf Rd
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