Back to Listings
For Sale Triplex

622 Middle Avenue, Elyria, OH

622 Middle Avenue, Elyria, OH, 44035
$175,000

Property Details

5 Bedrooms
2 Bathrooms
Triplex

Description

Triplex investment opportunity in Elyria featuring two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, offering a strong unit mix for consistent rental demand. The two-bedroom units are currently rented at $850 and $725, with one lease secured through March 2027 and the other recently expired, providing flexibility for potential rent increases, while the one-bedroom unit is rented at $550 on a month-to-month lease. Tenants do not pay utilities, with the owner responsible for water, gas, and electric. The property has been well maintained, making it a solid addition to any investment portfolio with both stable income and value-add potential. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

Property Information

Address 622 Middle Avenue
City Elyria
State OH
Zip Code 44035
Price $175,000
Property Type Residential Income
Listing Type Triplex
Bedrooms 5
Bathrooms 2

Location

Quick Inquiry

Fill out the form below and we'll get back to you shortly.

Property Contact

I agree to be contacted by Smartland Realty via call, email, and text for real estate services.

To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Not sure what you're looking for?

Explore other listings in Elyria or let our agents find the perfect match for you.

Browse All Listings Contact Us