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$369,000 -$10,000 (-2.64%) Price Reduced

  • For Sale
  • Active
  • Duplex
  • 6 Beds
  • 2 Full Baths
  • 2,432 Sq. Ft.
  • 0.23 Acres
  • Updated 5 days ago
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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 for 161 High St

General

  • Price: $369,000
  • Taxes: (2025)
  • Status: Active
  • Type: Duplex
  • Source: 505
  • MLS ID: 5186668
  • Updated: 5/13/2026
  • Added to Site: 95 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

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 161 High St

School District:Elyria City School District
NameGradesDistance
Ely Elementary School
312 Gulf Road, Elyria, OH 44035
K-41.6 mi
Northwood Middle School, Elyria, OH
570 Abbe Road North, Elyria, OH 44035
5-82.5 mi
Elyria High School
311 6th Street, Elyria, OH 44035
9-121.7 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Price Reduced
$369,000
-2.64%
MLS
4/25/2026
Price Reduced
$379,000
-2.57%
MLS
4/09/2026
Price Reduced
$389,000
-2.51%
MLS
2/12/2026
Listed
$399,000
—
MLS
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 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
—
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

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Home Warranty : Included

Listed by HomeWise Real Estate, LLC, Sharon Y Jebavy

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 $369,000 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.

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