# 161 High Street, Elyria, OH 44035

> **TL;DR:** 6bd/2ba residential multi family, $399,000 ($164/sqft), built 2025, 2,432 sqft.
> View, A/C. Est. $1,729/mo. Listed 57 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $399,000 |
| Price/sqft | $164 |
| Bedrooms | 6 |
| Bathrooms | 2 full |
| Square Feet | 2,432 |
| Year Built | 2025 |
| Lot Size | 10,019 sqft (0.23 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 57 |

## Why This Home Stands Out

- **Views** - City

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,729 |
| **Total** | **$1,729** |

## Key Amenities

- View
- A/C

## Property Highlights

- Built in 2025
- 0.23 acre lot
- 2 stories

## Description

### Agent Description
(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.

## Location

- **Address:** 161 High Street, Elyria, OH 44035
- **County:** Lorain
- **Neighborhood:** Wm A Bramans Sub
- **Coordinates:** 41.383058, -82.125422
- **Google Maps:** https://www.google.com/maps?q=41.383058,-82.125422

## Listing Agent

- **Name:** Sharon Y Jebavy
- **Brokerage:** HomeWise Real Estate, LLC
- **Phone:** 6144327325
- **Email:** Sharon@homewisemls.com

## Primary Photo

![161 High Street - Primary Photo](http://lh.rdcpix.com/742475c2ee45fffe406b9463632951fel-f2037481054r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/161-high-street-elyria-oh-44035-5186668)*

---

**MLS#:** 5186668 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/161-high-street-elyria-oh-44035-5186668)

---

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