Active

228 Gates

Elyria, OH 44035

$135,000 $569/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

1,491

Sqft

0.08

Acre(Lot)

Description

Great turn-key investment property! This duplex features 2 bedroom & 1 full bath on each unit. A large living room, remodeled kitchen & an updated full bathroom are found in each move in ready unit. The basement provides ample storage and has been recently waterproofed(2022). Newer Hot water tanks 2019 up & 2019 down; Sump pump(2022), Newer Furnaces 2021 up, 2017 down. New fridges in both units. Both units are occupied with wonderful tenants. The downstairs tenant is month to month paying $875 and upstairs tenant's lease expires on 12/31/2026 and they are paying $720. $1595 a month in rent, great cash flowing double Tenant pays all utilities except water and sewer! No showings until the offer is accepted. Great location close to shopping areas, downtown Elyria, Schools and much more! Call today!

Property Details

Property Type : Residential Income

Price : $135,000

AD Id : 76795012

MLS Id : 5198378

Beds : 4

Lot Size : 0.08 Acre

Living Area Size : 1,491

Year Built : 1900

County : Lorain

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Has Basement: Yes Basement: Full, Unfinished
Roofing Information

Slate
Interior Features

Roof: Slate Laundry Features: In Unit
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

Building Information

Year Built: 1900 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No

Lot Information

Main Square Feet: 0.08 Acres Lot Size Acres: 0.08 Lot Size Source: Public Records

Property Information

Subdivision: Gates Source Property Type: Residential Income Postal Code Plus 4: 7023 Property SubType: Duplex Levels: Two Property Age: 126

Listing Price Information

Listing Price: $135000 Cash, Conventional

Tax Information

Parcel Number: 06-26-019-102-010 Tax Year: 2024 Annual Tax: $1465

Parking Information

No Garage, Paved

Location Information

Direction: NE WaterSource: Public

Sell a home like this and save $7,601 Find out How

At $90.54 per sq.ft.,this listing is priced below average compared to other multifamily from Elyria.

The average multifamily price in Elyria is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Lorain County is $540257.14 with avg. price / sq.ft of $3659.00.

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
338 17th Street, Elyria, OH, 44035	$125,000	5	2	1,680	1,680 SqFt
434 9th Street, Elyria, OH, 44035	$160,000	4	2	3,220	3,220 SqFt
211 Brace Avenue, Elyria, OH, 44035	$150,000	4	2	1,296	1,296 SqFt
161 High Street, Elyria, OH, 44035	$399,000	6	2	2,432	2,432 SqFt

Similar Multifamily To 228 Gates

Nearby For Sale

Active

$125,000

Multifamily For Sale

338 17th Str..,
Elyria, OH, 44035

Bed

Bath

Sqft

Acre(Lot)

161 High Str..,
Elyria, OH, 44035

Bed

Bath

Sqft

Acre(Lot)

434 9th Street,
Elyria, OH, 44035

Bed

Bath

Sqft

Acre(Lot)

211 Brace Av..,
Elyria, OH, 44035

Bed

Bath

1,296

Sqft

0.14

Acre(Lot)

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

ByOwner last updated this listing 04/07/2026 @ 02:24

MLS: 5198378 LISTED BY: George Vujadinovic, EXP Realty, LLC. 866-212-4991 SOURCE: MLS Now