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228 Gates, 
Elyria, OH 44035

$126,500

4

Beds

2

Baths

1,491

Sq Ft

Multi-Family

Virtual Tour

Pending

Listed by

George Vujadinovic

eXp Realty, LLC.

866-212-4991

Last updated:

July 31, 2026, 07:52 AM

MLS#

5224523

Source:

OH NORMLS

About This Home

228 Gates

Great turn-key investment property! This duplex features 2 bedroom & 1 full bath on each unit. A large living room, remodeled kitchen & an updated full bathroom are found in each move in ready unit. The basement provides ample storage and has been recently waterproofed(2022). Newer Hot water tanks 2019 up & 2019 down; Sump pump(2022), Newer Furnaces 2021 up, 2017 down. New fridges in both units. Both units are occupied with wonderful tenants. The downstairs tenant is month to month paying $875 and upstairs tenant's lease expires on 12/31/2026 and they are paying $720. $1595 a month in rent, great cash flowing double Tenant pays all utilities except water and sewer! No showings until the offer is accepted. House has a slate roof but it's in a good condition. Great location close to shopping areas, downtown Elyria, Schools and much more! Call today!

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1900

Subdivision & Development:

Gates

Price Summary

126,500

$84 per Sq. Ft.

MLS #:

5224523

Last Updated:

July 31, 2026, 07:52 AM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,491 Sq. Ft.

Structure

Structure

Building Area:

1,491 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

3,484

Finances & Disclosures

Finances

Price:

$126,500

Price per Sq. Ft:

$84 per Sq. Ft.

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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.