Stacey Olive
REALTOR®
MLS#5256524
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLElyria City
Property Description
Unique opportunity to own apartment complex in suburban Elyria! This complex has had several unit renovations in 2024 & 2025. New luxury flooring, paint, kitchens, bath fixtures, plumbing, finish work. Each town home boasts 918 sq ft on 2 stories, and feel like home. Each unit has its own laundry room with hookups. 1.5 baths each unit with open floor plans, living space on main floor and bedrooms upstairs. Out the back door there is a small back yard and sitting patio privately fenced in for that home style feeling. Combined with private off-street parking and the town-home layout allows for longer tenancy / residency and lower unit turnover. ASSET SUMMAR / NOTES: - Newer metal roof in last 7 years. - Townhome style floorplan: 19- 2 bed units with 1 - 3 bed unit. - 99% occupancy at present and rent increases along with a flat-water fee of $75.00 has been implemented. - Parking: 26 space parking lot at rear. Location: - Directly across from Northwood School Campus Middle school - walk to school - Next door is the Elyria Fire Station #4 - reduced insurance premium - Lorain Community College within 3 miles attracts school administrators and students alike. - Highway access just minutes to I 80 and Route 20. - Bus stop outside on Abbe Rd in front of complex - Nearby retail/food/park - Abbe Rd Mall.
Property Features
Property Type: Commercial - Business
Basement: None
Heating: Forced Air
Lot Size: 0.68 Acres
Roof Type: Other, See Remarks
Taxes: $26,340 / year
Year Built: 1980
Feature Descriptions
Fencing: Back Yard, Fenced
Parcel#: 06-25-026-700-001
Parking: Additional Parking, Asphalt, Paved, Parking Lot, Private
Sewer: Public Sewer
Units: 20
Water: Public
Local Schools
School District: Elyria City
Listed By / Shown By
Listed By
Agency Name: Keller Williams Citywide
Agency Contact: jmatheos@kw.com, 440-847-9033
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
Listing data compilation and photo(s) © 2026 - Multiple Listing Service, Inc. – All Rights Reserved
The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
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
601 Abbe Road N | MLS# 5256524
This commercial property located at 601 Abbe Road N, Elyria, OH 44035 is currently listed for sale with an asking price of $1,900,000. Abbe Road N is located within the Elyria City school district. Search Elyria real estate on www.soldwithstacey.net today.