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622 Middle Avenue, 
Elyria, OH 44035

$175,000


5

Beds


2

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Kim Lewis

Charles Lewis

Home Equity Realty Group

330-952-2244

Last updated:

May 7, 2026, 07:22 AM

MLS#

5201397

Source:

OH NORMLS

About This Home

622 Middle Avenue

Triplex investment opportunity in Elyria featuring two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, offering a strong unit mix for consistent rental demand. The two-bedroom units are currently rented at $850 and $725, with one lease secured through March 2027 and the other recently expired, providing flexibility for potential rent increases, while the one-bedroom unit is rented at $550 on a month-to-month lease. Tenants do not pay utilities, with the owner responsible for water, gas, and electric. The property has been well maintained, making it a solid addition to any investment portfolio with both stable income and value-add potential. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

Home Facts

Multi-Family

2 Baths

5 Bedrooms

Built in 1925

Price Summary

175,000

MLS #:

5201397

Last Updated:

May 7, 2026, 07:22 AM

Added:

23 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1925


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$175,000

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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.