Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    3

  • Above Grade Finished Area

    2112.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Heating YN

    YES

  • Heating

    Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Aluminum Siding

  • Parking

    Concrete, Private

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.31

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $129,000

  • Tax Amount

    $2,006

  • Sq. Footage

    2, 112

  • Price/SqFt

    $61

HOA

  • Association

    No

School District

  • Elementary School

    Elyria CSD - 4706

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Lorain

Elementary School

Elyria CSD - 4706

Middle School

High School

Listing Courtesy of Marian Lukach , Keller Williams Greater Metropolitan

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Jeff Helfrich

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Turnkey, cash-flowing 3-unit multifamily investment with long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. Tenants handle landscaping and minor repairs, reducing owner involvement. Property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. Unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1,750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate at asking price. All utilities are on one meter for simplified management. Ideal buy-and-hold opportunity offering immediate cash flow from day one. Don’t miss this solid income-producing asset—contact agent for additional details.

317 West Avenue

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