$399,000

161 High Street, Elyria, OH 44035

  • 6 beds |
  • 2 baths |
  • 2,432 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 2025
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $164/sqft
  • Property List Date Icon Listed 3 days ago

Property Description

https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (Walking tour) Brand New Construction Duplex – Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft). Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns. As new construction completed in December 2025, the property also includes a 1-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns — this is a true turnkey investment.

Listing Status:
Active
Data Last Updated:
February 15, 2026 at 7:17AM
Listing Office:
HomeWise Real Estate, LLC : 614-432-7325
Listing Agent:
Sharon Y Jebavy : 614-432-7325
MLS ID:
5186668
  • General: Kitchen IslandLaminate CountersOpen FloorplanPantryBar
  • Appliances: CooktopDishwasherFreezerDisposalMicrowaveRangeRefrigerator
  • Laundry: Washer HookupElectric Dryer HookupIn UnitUpper Level
  • Basement: None
  • A/C: Central Air
  • Heating: Gas
  • General: Lighting
  • Parking: Additional ParkingCommon
  • Roofing: Asphalt
  • Windows: Screens
  • General: Blown-In InsulationConcreteVinyl Siding2
  • Originating MLS: NOWDD_NORM
  • School District: Elyria CSD - 4706
  • County: Lorain
  • Zoning: BRAMAN 60 X 168 15 Year Tax Abastement06-24-027-108-032
  • View: City LightsCityView
  • Fencing: Wood
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Sharon Y Jebavy , HomeWise Real Estate, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Oakwood Elementary School

925 Spruce St, Elyria, OH, 44035

Grades 1-5

0.44 miles away

W

Westwood Middle School

42350 Adelbert St, Elyria, OH, 44035

Grades 5-8

1.20 miles away

E

Elyria High School

311 6th St, Elyria, OH, 44035

Grades 9-12

1.69 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.