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Local Realty Service Provided By: Coldwell Banker Select Properties

622 Middle Avenue, 
Elyria, OH 44035

$168,500


5

Beds


2

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Kim Lewis

, 

Charles Lewis

Bought with Keller Williams Citywide

Home Equity Realty Group

330-952-2244

MLS#

5201397

Source:

OH NORMLS

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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

Subdivision & Development:

O Bowen & William S Wallaces

Price Summary

175,000

MLS #:

5201397

Sold:

July 16, 2026


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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