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4 Beds
4 Baths

$203,750

122 Elbe Street, Elyria OH, 44035

Built in1900
Property typeMulti-family

Overview

Active

Listed Apr 29, 2026

Updated Aug 15

Income-generating property with established tenancy 122 Elbe St in Elyria, offered exclusively as part of a 19-unit portfolio-no individual sales. This fully occupied four-unit property delivers strong, immediate cash flow with current rents of $725, $760, $760, and $900, all on month-to-month leases, providing consistent income across the building. Expense structure varies by unit, with owner-paid water, sewer, and trash throughout, gas included for two units, and tenants responsible for remaining utilities. The property offers a functional multi-unit layout with steady rental demand, supporting long-term occupancy. Ideal for investors seeking to expand their portfolio with a stabilized asset, this property contributes reliable income as part of a larger, income-producing portfolio.

$1,356/mo

Est. mortgage payment based on a $203,750 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5205281

Interior Features

Bedrooms
4
Bathrooms
4
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$4,457
Tax Frequency
Annually

Courtesy of Russell Real Estate Services

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