Investment property with long-term stability and value-add potential. Currently occupied by a long-term tenant in good standing. Property is under-rented relative to market, providing an opportunity to improve NOI over time. Based on conservative market assumptions, future stabilized performance supports attractive cap-rate potential for buy-and-hold investors. Ideal for those seeking dependable occupancy today with upside through income optimization. Excellent location & views- near cascade falls. Do not disturb tenant. Showings by appointment only.
Closed
$68,000
4 Forest St, Elyria, OH 44035
3beds
1,052sqft
Single Family Residence
Built in 1900
1,742.4 Square Feet Lot
$69,000 Zestimate®
$65/sqft
$1,480 Estimated rent
Home value
$69,000
$62,000 - $77,000
$1,480/mo
Zestimate® history
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$360/mo
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Zillow last checked:
Listing updated:
Listing Provided by:
Kristin Horst 614-888-6283 nathanpurdy@hotmail.com,
RE/MAX First Realty, LLC,
Justin Gerwig 419-564-2630,
RE/MAX First Realty, LLC
Bought with:
Dustin Kinn, 2019007816
Plum Tree Realty, LLC
Source: MLS Now,MLS#: 5184914
Originating MLS: Other/Unspecificed
Originating MLS: Other/UnspecificedFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- None
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,052
- Total interior livable area: 1,052 sqft
- Finished area above ground: 1,052
Property
Parking
- Parking features: Off Street, On Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1,742 sqft
- Dimensions: 30 x 58
Details
- Parcel number: 0626094103026
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Metal
Condition
- Fixer
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Elyria
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 3/9/2026 | Sold | $68,000+4.8%$65/sqft |
Source:  MLS Now #5184914 Report a problem | ||
| 2/10/2026 | Pending sale | $64,900$62/sqft |
Source: MLS Now #5184914 Report a problem | ||
| 2/5/2026 | Listed for sale | $64,900-7.2%$62/sqft |
Source: MLS Now #5184914 Report a problem | ||
| 11/2/2022 | Listing removed | -- |
Source: MLS Now #4378934 Report a problem | ||
| 8/19/2022 | Price change | $69,900-7.9%$66/sqft |
Source: MLS Now #4378934 Report a problem | ||
| 7/28/2022 | Listed for sale | $75,900$72/sqft |
Source: MLS Now #4378934 Report a problem | ||
| 6/27/2022 | Contingent | $75,900$72/sqft |
Source: MLS Now #4378934 Report a problem | ||
| 6/3/2022 | Listed for sale | $75,900+885.7%$72/sqft |
Source: MLS Now #4378934 Report a problem | ||
| 1/31/2011 | Sold | $7,700-70.4%$7/sqft |
Source: Public Record Report a problem | ||
| 8/2/2006 | Sold | $26,000-62.3%$25/sqft |
Source: Public Record Report a problem | ||
| 12/28/2004 | Sold | $69,000+137.9%$66/sqft |
Source: Public Record Report a problem | ||
| 2/8/1999 | Sold | $29,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,165 +26.9% | $24,020 +46.1% |
| 2023 | $918 -0.5% | $16,440 |
| 2022 | $923 +0.6% | $16,440 |
| 2021 | $917 -2.9% | $16,440 +9.2% |
| 2020 | $944 +0.6% | $15,060 |
| 2019 | $939 -0.2% | $15,060 |
| 2018 | $940 +7% | $15,060 +11.6% |
| 2017 | $879 +1.3% | $13,500 |
| 2016 | $868 +6.6% | $13,500 |
| 2015 | $814 -3.6% | $13,500 |
| 2014 | $845 +5.9% | $13,500 |
| 2013 | $797 -2.6% | $13,500 |
| 2012 | $819 | $13,500 -75.9% |
| 2011 | -- | $56,000 |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | $986 +0.4% | -- |
| 2007 | $982 +8.7% | -- |
| 2006 | $903 +37.2% | -- |
| 2005 | $658 +11.7% | -- |
| 2004 | $589 +3.2% | -- |
| 2003 | $571 -2.1% | -- |
| 2002 | $583 -0.9% | -- |
| 2001 | $588 +6% | -- |
| 2000 | $555 | -- |
Find assessor info on the county website
Neighborhood: 44035
Nearby schools
GreatSchools rating
- 4/10Ely Elementary SchoolGrades: K-4Distance: 0.8 mi
- 5/10Northwood Middle SchoolGrades: 5-8Distance: 2.1 mi
- 3/10Elyria High SchoolGrades: 9-12Distance: 0.7 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.
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Estimated market value
$69,000
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Estimated market value
$69,000
- Ohio
- Lorain County
- Elyria
- 44035
- 4 Forest St
Nearby cities
Nearby zip codes
Other Elyria Topics
