Elyria, OH Multifamily Homes & Duplexes for Sale
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$117,500
- 7 Beds
- 3 Baths
- 2,306 Sq Ft
231 Oberlin Rd, Elyria, OH 44035
231 Oberlin Rd, Elyria, OH 44035
About Elyria

Halfway between Sandusky and Cleveland, Ohio’s city of Elyria, home to more than 53,000 people, offers regional attractions like Lake Erie, a small-town environment and large employers like UH Elyria Medical Center and Lorain County. It’s home to national businesses, including Invacare and Ridge Tool Company – makers of Ridgid brand tools – while providing easy commuting routes across the region. This small Cleveland suburb sits less than 8 miles south of Lake Erie and less than 5 miles northeast of the Lorain County Regional Airport. “It’s not ...
Home Trends in Elyria, OH
On average, homes in Elyria, OH sell after 30 days on the market compared to the national average of 47 days. The average sale price for homes in Elyria, OH over the last 12 months is $200,660, up 9% from the average home sale price over the previous 12 months.
Home Trends
In Elyria, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $99,000 to $218,900, there's a range to accomodate every budget. As of April, 2025 the median home price in Elyria is $199,945, while the average sale price is $200,660, offering insights into the local housing market. On average, multi-family homes spend 30 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Elyria, OH.