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About This Home
This 6-bedroom, 2-bathroom residential multi family at 161 High Street in Elyria, OH is listed for $399,000 ($164 per sqft). Built in 2025, the home offers 2,432 sqft of living space on a 0.23 acres lot.
(Walking tour) Brand New Construction Duplex - Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft).
Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns.
As new construction completed in December 2025, the property also includes a 1-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns - this is a true turnkey investment.
Key Features
- Built in 2025
- 0.23 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,134/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
161 High Street
Elyria, OH 44035
Wm A Bramans Sub
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Views
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 2-bathroom residential multi family at 161 High Street is listed at $399,000 ($164/sqft). The estimated monthly payment is $1,729 based on 20% down at 6.5% interest.
Key features include: Built in 2025, 0.23 acre lot, 2 stories. Interior Features: KitchenIsland, LaminateCounters, OpenFloorplan. Exterior Features: Lighting.
This property is listed by Sharon Y Jebavy and can be reached at 6144327325 or Sharon@homewisemls.com.
