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$168,500

  • For Sale
  • Active
  • Triplex
  • 4 Beds
  • 3 Full Baths
  • 2,112 Sq. Ft.
  • 0.31 Acres
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Turnkey, cash-flowing 3-unit multifamily investment with long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. Tenants handle landscaping and minor repairs, reducing owner involvement. Property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. Unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1,750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate at asking price. All utilities are on one meter for simplified management. Ideal buy-and-hold opportunity offering immediate cash flow from day one. Don't miss this solid income-producing asset-contact agent for additional details.

Full Property Details for 317 West Ave

General

  • Price: $168,500
  • Taxes: $2,006 (2025)
  • Status: Active
  • Type: Triplex
  • Source: 505
  • MLS ID: 5183741
  • Updated: 1/27/2026
  • Added to Site: 15 day(s) ago

Interior

  • Number of Rooms: 9

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Concrete, Private

Location

  • County: Lorain
  • Township: Elyria
  • Subdivision: Village/Elyria
  • Driving Directions: Get on I-90 W. Take I-71 S, I-480 W and OH-10 W to Grafton Rd. Continue on Grafton Rd. Take East Ave to West Ave in Elyria

School Information

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

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Shingle
  • Stories/Levels: 2
  • Square Feet: 2,112
  • Living Area: 2,112 Sq. Ft.
  • Finished Above Grnd: 2,112 Sq. Ft.
  • Year Built: 1887
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.31
  • Lot Size: .31
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $2,006
  • Tax Year: 2025
  • Terms: Cash, Conventional, Private Financing Available

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: WEST AVE FRNT 0052.50 S/L 428
  • Property ID: 06-26-041-000-008

Listed by Keller Williams Greater Metropolitan, Marian Lukach

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Listing agent

— 317 West Ave —

  • Marian Lukach

    Keller Williams Greater Metropolitan

mariog.lukach@gmail.com, 216-905-2672

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 317 West Ave

School District:Elyria City School District
NameGradesDistance
Franklin Elementary School, Elyria, OH
1215 Middle Avenue, Elyria, OH 44035
K-40.7 mi
Westwood Middle School
42350 Adelbert Street, Elyria, OH 44035
5-82.6 mi
Elyria High School
311 6th Street, Elyria, OH 44035
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 317 West Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/27/2026
Listed
$168,500
180.83%
MLS
7/05/2023
Sold
$60,000
—
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 317 West Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,007
77%
$40,576
98%
2023
$1,134
—
$20,468
—
2022
$1,130
—
$20,470
—
2021
$1,133
-14%
$20,470
9%
2020
$1,310
13%
$18,760
—
2019
$1,160
—
$18,760
—
2018
$1,162
4%
$18,760
9%
2017
$1,122
1%
$17,221
—
2016
$1,107
7%
$17,221
—
2015
$1,039
1%
$17,221
—
2014
$1,027
1%
$17,221
—
2013
$1,018
—
$17,221
—
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 Keller Williams Greater Metropolitan, Marian Lukach

317 West Avenue, Elyria, OH 44035 (MLS# 5183741) is a Triplex property with 4 bedrooms and 3 full bathrooms. 317 West Avenue is currently listed for $168,500 and was received on January 27, 2026. Want to learn more about 317 West Avenue? Do you have questions about finding other Triplex 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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