https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (Walking tour)
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.
Active
Price cut: $10K (5/13)
$369,000
161 High St, Elyria, OH 44035
6beds
2,432sqft
Duplex, Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$152/sqft
$-- HOA
What's special
Newly built duplexTwo spacious units
- 146 days |
- 254 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Sharon Y Jebavy 614-432-7325 Sharon@homewisemls.com,
HomeWise Real Estate, LLC
Source: MLS Now,MLS#: 5186668
Originating MLS: Other/Unspecificed
Originating MLS: Other/UnspecificedLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
- Laundry: Washer Hookup, Electric Dryer Hookup, In Unit, Upper Level
Features
- Kitchen Island, Laminate Counters, Open Floorplan, Pantry, Bar
- Windows: Screens
- Basement: None
Interior area
- Total structure area: 2,432
- Total interior livable area: 2,432 sqft
- Finished area above ground: 2,432
Property
Parking
- Parking features: Additional Parking, Common
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
- Fencing: Wood
- Has view: Yes
- View description: City Lights, City
Lot
- Size: 10,018 Square Feet
- Features: Back Yard, Dead End
Details
- Parcel number: 0624027108032
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Blown-In Insulation, Concrete, Vinyl Siding
- Roof: Asphalt
Condition
- New Construction
- New construction: Yes
- Year built: 2025
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Wm A Bramans Sub
Location
- Region: Elyria
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $22,260
- Annual tax amount: $378
- Date on market: 2/12/2026
- Cumulative days on market: 146 days
- Listing terms: Conventional
- Tenant pays: All Utilities, Cable TV, Electricity, Gas, Internet, Sewer, Trash Collection, Telephone, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Price change | $369,000-2.6%$152/sqft |
Source:  MLS Now #5186668 Report a problem | ||
| 4/25/2026 | Price change | $379,000-2.6%$156/sqft |
Source: MLS Now #5186668 Report a problem | ||
| 4/9/2026 | Price change | $389,000-2.5%$160/sqft |
Source: MLS Now #5186668 Report a problem | ||
| 2/12/2026 | Listed for sale | $399,000+99650%$164/sqft |
Source: MLS Now #5186668 Report a problem | ||
| 2/3/2026 | Listing removed | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/8/2025 | Listed for rent | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/29/2023 | Sold | $400 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $378 +831.3% | $7,790 +29.8% |
| 2023 | $41 -88.7% | $6,000 |
| 2022 | $358 -2.4% | $6,000 |
| 2021 | $367 -70.4% | $6,000 -69.6% |
| 2020 | $1,241 +0.6% | $19,750 |
| 2019 | $1,233 -6.8% | $19,750 |
| 2018 | $1,323 +17.4% | $19,750 +11.4% |
| 2017 | $1,127 +1.3% | $17,730 |
| 2016 | $1,112 +6.8% | $17,730 |
| 2015 | $1,042 -8.4% | $17,730 -4.9% |
| 2014 | $1,137 +6% | $18,650 |
| 2013 | $1,072 -2.6% | $18,650 |
| 2012 | $1,100 | $18,650 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | $875 +0.4% | -- |
| 2007 | $871 +8.7% | -- |
| 2006 | $801 +4% | -- |
| 2005 | $770 +11.7% | -- |
| 2004 | $690 +154% | -- |
| 2003 | $271 0% | -- |
| 2002 | $272 -4.3% | -- |
| 2001 | $284 +10.6% | -- |
| 2000 | $256 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 4/10Ely Elementary SchoolGrades: K-4Distance: 1.6 mi
- 5/10Northwood Middle SchoolGrades: 5-8Distance: 2.5 mi
- 3/10Elyria High SchoolGrades: 9-12Distance: 1.7 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Ohio
- Lorain County
- Elyria
- 44035
- 161 High St
Nearby cities
Nearby zip codes
Other Elyria Topics
