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1004 East Avenue, 
Elyria, OH 44035

$179,900


7

Beds


4

Baths


4,004

Sq Ft


Multi-Family

Active

440-327-2123

Last updated:

June 1, 2026, 07:43 PM

MLS#

5209788

Source:

OH NORMLS

Company Logo

About This Home

1004 East Avenue

Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don’t miss this unique riverfront multifamily opportunity!

Home Facts

Multi-Family

4 Baths

7 Bedrooms

Built in 1900

Price Summary

179,900

$44 per Sq. Ft.

MLS #:

5209788

Last Updated:

June 1, 2026, 07:43 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

4,004 Sq. Ft.


Structure

Structure

Building Area:

4,004 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

97,574


Finances & Disclosures

Finances

Price:

$179,900

Price per Sq. Ft:

$44 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.