161 High ST Elyria, OH 44035
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $155
Subdivision Wm A Bramans Sub
MLS Listing ID 5186668
Bedrooms 6
Full Baths 2
Construction Status New Construction
HOA Y/N No
Abv Grd Liv Area 2,432
Year Built 2025
Tax Year 2025
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Duplex
Stories Two
Story Two
Property Description
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.
Location
State OH
County Lorain
Direction South
Rooms
Basement None
Interior
Interior Features Kitchen Island, Laminate Counters, Open Floorplan, Pantry, Bar
Heating Gas
Cooling Central Air
Fireplace No
Window Features Screens
Appliance Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
Laundry Washer Hookup, Electric Dryer Hookup, In Unit, Upper Level
Exterior
Exterior Feature Lighting
Parking Features Additional Parking, Common
Fence Wood
View Y/N Yes
Water Access Desc Public
View City Lights, City
Roof Type Asphalt
Private Pool No
Building
Lot Description Back Yard, Dead End
Faces South
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction Yes
Construction Status New Construction
Schools
School District Elyria Csd - 4706
Others
Tax ID 06-24-027-108-032
Security Features Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
NEARBY SCHOOL & BUSINESS
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