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Property view

409 Gulf Road, 
Elyria, OH 44035

$124,000


4

Beds


2

Baths


1,824

Sq Ft


Multi-Family

Sold

Listed by

Dawn M Balog

Bought with Howard Hanna

Russell Real Estate Services

440-327-6511

MLS#

5134985

Source:

OH NORMLS

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About This Home

409 Gulf Road

Great investment opportunity or live in one unit and let the tenant pay a portion of the mortgage. 2 family unit w/ 2 bedroom & 1 bath in each. Upper unit offers rear balcony. Both units mirror images of one another with 15 x 10 living room w/ hardwood flooring, 14 x 11 eat- in kitchen w/ vinyl flooring & stove, 1st bedroom measures 15 x 13 & 2nd bedroom measures 15 x 14 both w/ hardwood flooring for easy maintenance. Updated in past 10 years includes electrical & windows; one hot water tank replaced 2019, bathroom updates and roof & gutters 2023 w/25 year shingles. Spacious lot for additional parking. Conveniently located near schools, stores, restaurants, and easy access to all highways. Price reflects Basement needing work and furnaces are original, but still operable. List price is below recent assessed tax value. Lower unit is currently occupied and on a month to month agreement and may wish to stay, if option is there. Upstairs unit is vacant and ready for showings. Each unit has its own separate entrance to basement and residence. Current tenant takes care of lawn. Front porch accessed from lower unit. Conveniently located near highways, schools, shopping, restaurants, etc. Why pay rent when you can own and still bring in an income?

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1900

Price Summary

145,000

$79 per Sq. Ft.

MLS #:

5134985

Sold:

August 26, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,824 Sq. Ft.


Structure

Structure

Building Area:

1,824 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$145,000

Price per Sq. Ft:

$79 per Sq. Ft.

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