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!
Sold for $230,000 on 05/01/25
$230,000
157 Harvard Ave, Elyria, OH 44035
5beds
2,266sqft
Triplex, Multi Family
Built in 1900
-- sqft lot
$232,900 Zestimate®
$102/sqft
$1,326 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 07:19pm
Listing Provided 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

Facts & 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 sqft
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 & neighborhood
Location
- Region: Elyria
- Subdivision: Eastern Heights Land Companys 01
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$232,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$232,900