Prime Triplex Investment Opportunity in Elyria, OH – Grossing Nearly $4K/Month!
Unlock the potential of this well-maintained triplex in the heart of Elyria, OH! Whether you're an investor looking for steady cash flow or a homeowner seeking rental income, this property delivers with three fully rented units generating nearly $4,000 per month.
Property Breakdown:
1st Floor Unit: 2 bed, 1 bath – Long-term tenant on a month-to-month lease at $1,000/month (tenant pays electric & gas).
2nd Floor Unit: 2 bed, 1 bath – Active Airbnb rental.
3rd Floor Unit: 1 bed, 1 bath – Also an Airbnb rental.
Airbnb Earnings: The 2nd and 3rd-floor units generate approximately $2,700/month combined.
Key Updates & Features:
New furnace installed (March 2020)
Stack replacement (February 2023)
First-floor water heater replaced (November 2016)
Third-floor water heater manufactured in December 2011
Far-right garage door springs repaired (March 2025)
2nd and 3rd-floor units recently updated
This property boasts a strong rental history, recent improvements, and a solid foundation for long-term income generation. Don't miss this opportunity to own a turnkey investment in a desirable rental market!
Schedule your showing today!
Closed
$230,000
157 Harvard Ave, Elyria, OH 44035
5beds
2,266sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$239,500 Zestimate®
$102/sqft
$1,295 Estimated rent
Home value
$239,500
$213,000 - $271,000
$1,295/mo
Zestimate® history
Owner options
List your home for rent
$1,295/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,295/mo
Rent Zestimate®
Refinance and save
$1,597/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,597/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Mark W Gepperth Mgepperth@aol.com440-477-0166,
Keller Williams Citywide,
Brendan Kilbane 216-533-3175,
Keller Williams Citywide
Bought with:
Shirley Ottallah, 2022005939
Century 21 Homestar
Source: MLS Now,MLS#: 5104764
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Basement: Common Basement,Full,Unfinished
Interior area
- Total structure area: 2,266
- Total interior livable area: 2,266 sqft
- Finished area above ground: 2,266
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage, Paved
- Garage spaces: 3
Features
- Levels: Three Or More,Two
- Stories: 2
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 0625005103015
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Eastern Heights Land Companys 01
Location
- Region: Elyria
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $180,850
- Annual tax amount: $3,101
- Date on market: 3/18/2025
- Cumulative days on market: 43 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Cable TV, Electricity, Gas, Heat
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2025 | Sold | $230,000+7%$102/sqft |
Source:  MLS Now #5104764 Report a problem | ||
| 4/30/2025 | Pending sale | $214,900$95/sqft |
Source: MLS Now #5104764 Report a problem | ||
| 4/1/2025 | Contingent | $214,900$95/sqft |
Source: MLS Now #5104764 Report a problem | ||
| 3/18/2025 | Listed for sale | $214,900+13.1%$95/sqft |
Source: MLS Now #5104764 Report a problem | ||
| 7/1/2022 | Sold | $190,000+5.6%$84/sqft |
Source: MLS Now #4372681 Report a problem | ||
| 5/19/2022 | Pending sale | $179,900$79/sqft |
Source: MLS Now #4372681 Report a problem | ||
| 5/14/2022 | Listed for sale | $179,900+24.1%$79/sqft |
Source: MLS Now #4372681 Report a problem | ||
| 5/1/2020 | Listing removed | $500 |
Source: TurboTenant Report a problem | ||
| 4/18/2020 | Listed for rent | $500-28.6% |
Source: TurboTenant Report a problem | ||
| 4/7/2020 | Sold | $145,000-3.3%$64/sqft |
Source:  MLS Now #4167126 Report a problem | ||
| 4/7/2020 | Pending sale | $149,900$66/sqft |
Source: Howard Hanna - Elyria #4167126 Report a problem | ||
| 2/11/2020 | Listed for sale | $149,900+7.8%$66/sqft |
Source: Howard Hanna #4167126 Report a problem | ||
| 1/14/2020 | Listing removed | $700 |
Source: TurboTenant Report a problem | ||
| 1/7/2020 | Listed for rent | $700-6.7% |
Source: TurboTenant Report a problem | ||
| 12/1/2019 | Listing removed | $750 |
Source: TurboTenant Report a problem | ||
| 11/23/2019 | Price change | $750-6.3% |
Source: TurboTenant Report a problem | ||
| 11/2/2019 | Listed for rent | $800+14.3% |
Source: TurboTenant Report a problem | ||
| 8/16/2019 | Listing removed | $700 |
Source: TurboTenant Report a problem | ||
| 7/30/2019 | Price change | $700+3.7% |
Source: TurboTenant Report a problem | ||
| 7/16/2019 | Price change | $675+3.8% |
Source: TurboTenant Report a problem | ||
| 6/25/2019 | Listed for rent | $650 |
Source: TurboTenant Report a problem | ||
| 6/6/2010 | Listing removed | $139,000$61/sqft |
Source: Keller Williams Greater Cleveland West #3065198 Report a problem | ||
| 2/20/2010 | Price change | $139,000+15.9%$61/sqft |
Source: Crocker Realty Group, LLC #3065198 Report a problem | ||
| 12/19/2009 | Price change | $119,900-7.1%$53/sqft |
Source: Crocker Realty Group, LLC #3065198 Report a problem | ||
| 9/6/2009 | Listed for sale | $129,000-7.8%$57/sqft |
Source: Homeward Bound Real Estate, Inc. #3065198 Report a problem | ||
| 8/12/2008 | Listing removed | $139,900$62/sqft |
Source: Owner Report a problem | ||
| 8/1/2008 | Listed for sale | $139,900$62/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,101 +5.6% | $63,300 +20% |
| 2023 | $2,938 +0.1% | $52,750 |
| 2022 | $2,935 -0.2% | $52,750 |
| 2021 | $2,942 +4% | $52,750 +16.9% |
| 2020 | $2,829 +0.6% | $45,120 |
| 2019 | $2,812 -0.2% | $45,120 |
| 2018 | $2,817 +11.5% | $45,120 +16.3% |
| 2017 | $2,527 +1.3% | $38,800 |
| 2016 | $2,495 +6.6% | $38,800 |
| 2015 | $2,341 +2.2% | $38,800 +1% |
| 2014 | $2,290 +0.9% | $38,420 |
| 2013 | $2,270 +2.3% | $38,420 |
| 2012 | $2,219 | $38,420 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | $1,981 -0.4% | -- |
| 2007 | $1,989 +8.7% | -- |
| 2006 | $1,830 +2.9% | -- |
| 2005 | $1,778 +11.7% | -- |
| 2004 | $1,592 +3.2% | -- |
| 2003 | $1,543 +8.5% | -- |
| 2002 | $1,423 -0.9% | -- |
| 2001 | $1,435 +6% | -- |
| 2000 | $1,354 | -- |
Find assessor info on the county website
Neighborhood: 44035
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Nearby schools
GreatSchools rating
- 5/10Eastern Heights Middle SchoolGrades: 5-8Distance: 0.4 mi
- 3/10Elyria High SchoolGrades: 9-12Distance: 0.5 mi
- 3/10Prospect Elementary SchoolGrades: K-4Distance: 0.4 mi
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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Estimated market value
$239,500
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Estimated market value
$239,500
- Ohio
- Lorain County
- Elyria
- 44035
- 157 Harvard Ave
Nearby cities
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