$369,000

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 $152/sqft
  • Property List Date Icon Listed 3 months 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:
May 20, 2026 at 11:19PM
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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