Stacey Olive
REALTOR®
BEDS6
BATHS2 full
SQUARE FEET2,432
MLS#5186668
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWm A Bramans Sub
SCHOOLElyria City
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air
Heating: Gas
Lot Size: 0.23 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $0 / year
Year Built: 2025
Amenities
Kitchen Island
Laminate Counters
Open Floorplan
Pantry
Bar
Lighting
Feature Descriptions
Appliances: Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
Days on Site: 124
Exterior: Blown-In Insulation, Concrete, Vinyl Siding
Fencing: Wood
Laundry: Washer Hookup, Electric Dryer Hookup, In Unit, Upper Level
Lot: Back Yard, Dead End
Parcel#: 06-24-027-108-032
Parking: Additional Parking, Common
Security: Smoke Detector(s)
Sewer: Public Sewer
View: City Lights, City
Water: Public
Window: Screens
Local Schools
School District: Elyria City
Listed By / Shown By
Listed By
Agency Name: HomeWise Real Estate, LLC
Agency Contact: 614-432-7325, Sharon@homewisemls.com
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 2,171.71 per month $2,064.08 Principal & Interest $0.00 Property Tax (data not provided by mls) $107.63 Homeowner's InsuranceChange Payment Information
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Agency License Information: 1-877-539-7589 | Ohio Lic# REC.2010002888 6800 W Central Ave #B, Toledo, OH 43617 | Michigan Lic# 6505366134 8040 Summerfield Rd, Lambertville, MI 48144 | Indiana Lic# RC52400106 3029 W Smith Valley Rd #211, Greenwood, IN 46142 | West Virginia LIC# 010306 Erin Rickman, Broker. 410 Market St #3, Parkersburg, WV, 26101 | Colorado LIC# EC.100108419 603 Rood Ave, Grand Junction, CO 81501 | Nevada LIC# B.0146350.LLC 9190 Double Diamond Pwky, Reno, NV 89521 | Florida LIC# CQ1073507 16638 Mooner Plank Cir, Wimauma, FL 33598 | Illinois LIC# 481014661 640 S Washington St. Suite 212, Naperville, IL 60540
Agent License Information: Brokerage/Company License Number: REC.2010002888
161 High Street | MLS# 5186668
This multi-family property located at 161 High Street, Elyria, OH 44035 is currently listed for sale with an asking price of $369,000. High Street is located within the Elyria City school district. Search Elyria real estate on www.soldwithstacey.net today.