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  • Price cut: $43K (5/28)
    $210,000

    122 Elbe St, Elyria, OH 44035

    4beds
    --sqft
    : 
    $1,486/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.
    87 days
    |
    138
    |
    4
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tal Tamir 216-870-8687 tal@premierclevelandinvesting.com,

    Russell Real Estate Services,

    Benjamin Peleg 303-709-1063,

    Russell Real Estate Services

    Source: MLS Now,MLS#: 5205281MLS LogoOriginating MLS: Akron Cleveland Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Other
      Cooling
      • None
      Features
      • Basement: Other
      Video & virtual tour

      Property

      Parking
      • Parking features: Driveway
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 5,227 Square Feet
      Details
      • Parcel number: 0624087101019
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Frame, Other
      • Roof: Other
      Condition
      • Year built: 1900

      Utilities & green energy

      • Sewer: Other
      • Water: Other

      Community & HOA

      Community
      • Subdivision: W L Fays Add
      Location
      • Region: Elyria

      Financial & listing details

      • Tax assessed value: $135,720
      • Annual tax amount: $4,457
      • Date on market: 4/29/2026
      • Cumulative days on market: 87 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/28/2026Price change$210,000-17%
        Source: MLS Now #5205281 Report a problem
        4/29/2026Listed for sale$253,000+462.2%
        Source: MLS Now #5205281 Report a problem
        9/6/2018Listing removed$45,000
        Source: Russell Real Estate Services #3993637 Report a problem
        9/6/2018Listed for sale$45,000+18.4%
        Source: Russell Real Estate Services #3993637 Report a problem
        8/31/2018Sold$38,000-15.6%
        Source: MLS Now #3993637 Report a problem
        8/8/2018Pending sale$45,000
        Source: Russell Real Estate Services #3993637 Report a problem
        7/27/2018Listed for sale$45,000
        Source: Russell Real Estate Services #3993637 Report a problem
        6/7/2018Pending sale$45,000
        Source: Russell Real Estate Services #3993637 Report a problem
        4/27/2018Listed for sale$45,000
        Source: Russell Real Estate Services #3993637 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,303 +57.1%$47,500 +80.9%
        2023$1,466 +0.3%$26,260
        2022$1,461 -0.2%$26,260
        2021$1,465 +6.6%$26,260 +19.8%
        2020$1,374 +0.6%$21,920
        2019$1,366 -0.2%$21,920
        2018$1,369 +5.1%$21,920 +9.7%
        2017$1,302 +1.3%$19,990
        2016$1,286 +6.6%$19,990
        2015$1,206 -3.9%$19,990 -5%
        2014$1,254 +0.9%$21,040
        2013$1,244 +2.3%$21,040
        2012$1,216 $21,040
        2011-- --
        2010-- --
        2009-- --
        2008$1,099 +0.4%--
        2007$1,094 +8.7%--
        2006$1,006 +45.9%--
        2005$690 +11.7%--
        2004$618 +3.2%--
        2003$599 -1.3%--
        2002$607 -0.9%--
        2001$612 +6%--
        2000$578 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 44035

        Getting around

        35 / 100
        Car-Dependent
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Elyria CSD - 4706

        Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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