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Land with Home for Sale in Elyria, Ohio

1004 East Ave, Elyria, OH 44035

$179,900
2.24 acres
Active sale
ago
Est $967/mo

Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don't miss this unique riverfront multifamily opportunity!

4,004
Sq feet
7
Beds
4
Full baths
1900
Built

Location

Street address
1004 East Ave
Community
East Ave
School district
Elyria CSD - 4706
Elevation
722 feet
Coordinates
41.3574, -82.1037

Property details

Acreage
2.24 acres
MLS #
NEOHREX 5209788
Posted

Property taxes

2025
$1,248 - EAST AVE 66 165

Parcels

  • 06-26-020-000-010

Details and features

Listing

Type
Residential Multi Family
Franchise
Coldwell Banker Real Estate

Lot

Waterfront
River Front, Waterfront

Exterior

Parking
Driveway

Structure

Stories
3
Water
Public
Sewer
Public Sewer
Heating
Baseboard, Electric, Forced Air, Natural Gas
Materials
Vinyl Siding, Wood Siding
Roof
Asphalt, Fiberglass

Interior

Room Count
11
Rooms
Basement, Bathroom x 4, Bedroom x 7, Laundry Room

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
May 22, 2026New listing$179,900NEOHREX
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This 2.24-acre property is located at 1004 East Ave in Elyria, OH 44035. The property is available for sale for $179,900. It has a 4,004 sq ft 7 bedroom, 4 bath house built in 1900.

Listed by Coldwell Banker Schmidt Realty, (440) 572-0220

Checked 1 hour agoUpdated Source

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