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$253,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
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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.

Full Property Details for 122 Elbe St

General

  • Price: $253,000
  • Taxes: $4,457 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: 505
  • MLS ID: 5205281
  • Updated: 4/29/2026
  • Added to Site: 20 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Driveway

Location

  • County: Lorain
  • Township: Elyria
  • Subdivision: W L Fays Add
  • Driving Directions: Lorain County

School Information

  • Elem School District: Elyria CSD - 4706
  • Midd School District: Elyria CSD - 4706
  • High School District: Elyria CSD - 4706

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Other

Utilities

  • Sewer: Other
  • Water: Other

Structural Information

  • # Buildings: 1
  • Construction: Frame, Other
  • Basement: Yes
  • Basement Desc.: Other
  • Roof: Other
  • Stories/Levels: 2
  • Year Built: 1900
  • Year Built Source: Appraiser

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size: .12
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $4,457
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: FAYS 50 X 140
  • Property ID: 06-24-087-101-019

Listed by Russell Real Estate Services, Tal Tamir and Russell Real Estate Services, Benjamin Peleg

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Listing agents

— 122 Elbe St —

  • Tal Tamir

    Russell Real Estate Services

  • Benjamin Peleg

    Russell Real Estate Services

tal@premierclevelandinvesting.com, 216-870-8687

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 122 Elbe St

School District:Elyria City School District
NameGradesDistance
Franklin Elementary School, Elyria, OH
1215 Middle Avenue, Elyria, OH 44035
K-41.5 mi
Westwood Middle School
42350 Adelbert Street, Elyria, OH 44035
5-81.8 mi
Elyria High School
311 6th Street, Elyria, OH 44035
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 122 Elbe St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/29/2026
Listed
$253,000
-75.9%
MLS
8/04/2023
Sold
$1,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 122 Elbe St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$177
72%
$3,567
93%
2023
$103
1%
$1,845
—
2022
$102
-1%
$1,850
—
2021
$103
2%
$1,850
20%
2020
$101
5%
$1,540
—
2019
$96
—
$1,540
—
2018
$96
-5%
$1,540
-1%
2017
$101
1%
$1,551
—
2016
$100
6%
$1,551
—
2015
$94
-3%
$1,551
-5%
2014
$97
1%
$1,631
—
2013
$96
—
$1,631
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Russell Real Estate Services, Tal Tamir and Russell Real Estate Services, Benjamin Peleg

122 Elbe Street, Elyria, OH 44035 (MLS# 5205281) is a Multi-Family property with units containing 4 bedrooms and 4 full bathrooms. 122 Elbe Street is currently listed for $253,000 and was received on April 29, 2026. Want to learn more about 122 Elbe Street? Do you have questions about finding other Multi-Family real estate for sale in Elyria? You can browse all Elyria real estate or contact a Coldwell Banker agent to request more information.

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