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428 West Avenue, 
Elyria, OH 44035

$284,900


4

Beds


4

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Kquawan Brown

Keller Williams Greater Metropolitan

216-839-5500

Last updated:

October 20, 2026, 02:13 PM

MLS#

5252372

Source:

OH NORMLS

About This Home

428 West Avenue

Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features four occupied units, offering immediate income with additional upside through lease-up or rent growth. Current rents include Unit 1 at $880/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $925/month through the Lorain Metropolitan Housing Authority with lease expiring 8/31/2027. Unit 4 at $1100/month (lease expires 12/13/2026 then converts to month to month) The property features a durable brick exterior and numerous updates, including a new boiler system, helping reduce future capital expenditures. Conveniently located near shopping, dining, schools, and major highways, this property offers stable tenancy and strong rental demand. Whether you're a seasoned investor looking for a performing asset or seeking to expand your multifamily portfolio, 428 West Ave presents a compelling opportunity with immediate income and value-add potential. Perfect for a client looking to house hack! Live in one unit while the other three generates income.

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1900

Subdivision & Development:

Heman Elys Town

Price Summary

284,900

MLS #:

5252372

Last Updated:

October 20, 2026, 02:13 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1900


Lot

Lot Size (Sq. Ft):

8,468


Finances & Disclosures

Finances

Price:

$284,900

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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.