Date
Details
Price
Change
Source
2/12/2026
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$399,000
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Property Description
https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (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.
Full Property Details
Full Property Details for 161 High St
General
- Price: $399,000
- Taxes: (2025)
- Status: Active
- Type: Duplex
- Source: 505
- MLS ID: 5186668
- Updated: 2/12/2026
- Added to Site: 48 day(s) ago
Interior
- Number of Rooms: 14
- Interior Features: Kitchen Island, Laminate Counters, Open Floorplan, Pantry, Bar
- Appliances: Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Washer Hookup, Electric Dryer Hookup, In Unit, Upper Level
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Lighting
Parking
- Parking Features: Additional Parking, Common
Location
- County: Lorain
- Township: Elyria
- Subdivision: Wm A Bramans Sub
- Driving Directions: Lake Avenue to east on High Street. Property is on the north side of High Street.
- Direction Faces: South
School Information
- Elem School District: Elyria CSD - 4706
- Midd School District: Elyria CSD - 4706
- High School District: Elyria CSD - 4706
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Blown-In Insulation, Concrete, Vinyl Siding
- Basement Desc.: None
- Roof: Asphalt
- Windows: Screens
- Stories/Levels: 2
- Square Feet: 2,432
- Living Area: 2,432 Sq. Ft.
- Finished Above Grnd: 2,432 Sq. Ft.
- Year Built: 2025
- Year Built Source: Builder
- Property Condition: New Construction
Lot Features
- Property View: City Lights, City
- Lot Size (Acres): 0.23
- Lot Size: .23
- Lot Size Source: Assessor
- Lot Features: Back Yard, Dead End
- Fencing (Description): Wood
Financial Considerations
- Operating Expenses: $2,500
- Tax Year: 2025
- Terms: Conventional
- Owner Pays: Grounds Care, Snow Removal
- Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Internet, Sewer, Trash Collection, Telephone, Water
Disclosures and Reports
- Legal Description: BRAMAN 60 X 168 15 Year Tax Abastement
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 06-24-027-108-032
Listed by HomeWise Real Estate, LLC, Sharon Y Jebavy
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Listing agent
— 161 High St —
Sharon Y Jebavy
HomeWise Real Estate, LLC
614-432-7325, Sharon@homewisemls.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 161 High St
School District:Elyria City School District
| Name | Grades | Distance |
|---|---|---|
Ely Elementary School 312 Gulf Road, Elyria, OH 44035 | K-4 | 1.6 mi |
Northwood Middle School, Elyria, OH 570 Abbe Road North, Elyria, OH 44035 | 5-8 | 2.5 mi |
Elyria High School 311 6th Street, Elyria, OH 44035 | 9-12 | 1.7 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 161 High St
Tax History
Tax History for 161 High St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$385
839%
$7,791
30%
2023
$41
-89%
$5,999
—
2021
$367
-49%
$6,000
—
2022
$726
-56%
$6,000
-70%
2020
$1,641
33%
$19,750
—
2019
$1,233
-2%
$19,751
—
2018
$1,260
12%
$19,751
11%
2017
$1,127
1%
$17,721
—
2016
$1,112
7%
$17,721
—
2015
$1,042
-4%
$17,721
-5%
2014
$1,082
1%
$18,652
—
2013
$1,072
—
$18,652
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 161 High St
Home Warranty : Included
161 High Street, Elyria, OH 44035 (MLS# 5186668) is a Duplex property with 6 bedrooms and 2 full bathrooms. 161 High Street is currently listed for $399,000 and was received on February 12, 2026. Want to learn more about 161 High Street? Do you have questions about finding other Duplex real estate for sale in Elyria? You can browse all Elyria real estate or contact a Coldwell Banker agent to request more information.