157 Harvard Avenue, Elyria, OH 44035

← Back to search

Pending

$214,900

bedrooms

bathrooms

square feet

2,266

Acreage

0.15

Open Houses

year built

1900

Full Baths

Half Baths

Find out more

Prime Triplex Investment Opportunity in Elyria, OH – Grossing Nearly $4K/Month! Unlock the potential of this well-maintained triplex in the heart of Elyria, OH! Whether you're an investor looking for steady cash flow or a homeowner seeking rental income, this property delivers with three fully rented units generating nearly $4,000 per month. Property Breakdown: 1st Floor Unit: 2 bed, 1 bath – Long-term tenant on a month-to-month lease at $1,000/month (tenant pays electric & gas). 2nd Floor Unit: 2 bed, 1 bath – Active Airbnb rental. 3rd Floor Unit: 1 bed, 1 bath – Also an Airbnb rental. Airbnb Earnings: The 2nd and 3rd-floor units generate approximately $2,700/month combined. Key Updates & Features: New furnace installed (March 2020) Stack replacement (February 2023) First-floor water heater replaced (November 2016) Third-floor water heater manufactured in December 2011 Far-right garage door springs repaired (March 2025) 2nd and 3rd-floor units recently updated This property boasts a strong rental history, recent improvements, and a solid foundation for long-term income generation. Don't miss this opportunity to own a turnkey investment in a desirable rental market! Schedule your showing today!

Location
Subdivision	Eastern Heights Land Companys 01
County	Lorain
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Mark W Gepperth, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 5104764

Listing agent: Mark W Gepperth #427039

Listing broker: Keller Williams Citywide (440) 892-2211

Last update: Tuesday, April 1 2025 at 2:45 p.m. EDT

Kotohomes National