622 Middle Ave Elyria, OH 44035
Estimated payment $1,090/month
About This Home
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.
Listing Agent
Home Equity Realty Group Brokerage Email: charles.lewis@heqrealty.com, 440-539-4864 License #2017004453 Listed on: 04/14/2026
Co-Listing Agent
Home Equity Realty Group Brokerage Email: charles.lewis@heqrealty.com, 440-539-4864 License #2020001184
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,945
Year Built
- Built in 1925
Lot Details
- 3,920 Sq Ft Lot
Home Design
- Fiberglass Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Parking
- Driveway
- Parking Lot
Utilities
- No Cooling
- Heating System Uses Gas
Community Details
- O Bowen & William S Wallaces Subdivision
Listing and Financial Details
- Assessor Parcel Number 06-26-030-000-002
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,931 | $39,323 | $5,352 | $33,971 |
| 2023 | $1,432 | $24,938 | $3,105 | $21,833 |
| 2022 | $1,420 | $24,938 | $3,105 | $21,833 |
| 2021 | $1,391 | $24,938 | $3,105 | $21,833 |
| 2020 | $1,433 | $22,860 | $2,850 | $20,010 |
| 2019 | $1,425 | $22,860 | $2,850 | $20,010 |
| 2018 | $1,427 | $22,860 | $2,850 | $20,010 |
| 2017 | $1,488 | $22,840 | $2,670 | $20,170 |
| 2016 | $1,469 | $22,840 | $2,670 | $20,170 |
| 2015 | $1,378 | $22,840 | $2,670 | $20,170 |
| 2014 | $1,362 | $22,840 | $2,670 | $20,170 |
| 2013 | $1,350 | $22,840 | $2,670 | $20,170 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $175,000 | +16.7% | -- | |
| 09/17/2024 09/17/24 | Sold | $150,000 | +0.1% | $38 / Sq Ft | View Prior Sale |
| 08/19/2024 08/19/24 | Pending | -- | -- | -- | |
| 08/01/2024 08/01/24 | For Sale | $149,900 | -- | $38 / Sq Ft |
Source: MLS Now
MLS Number: 5201397
APN: 06-26-030-000-002
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Ask me questions while you tour the home.