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$299,900

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 1 Car Garage
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Excellent opportunity to add a cash-flowing multifamily asset to your investment portfolio. This well-maintained brick four-unit building features three occupied units and one vacant unit, offering immediate income with additional upside through lease-up or rent growth. Current rents include Unit 1 at $850/month (lease expires 4/30/2027), Unit 2 at $775/month (lease expires 4/30/2027), and Unit 3 at $880/month through the Lorain Metropolitan Housing Authority ($582 subsidy plus $298 tenant portion) with lease expiring 8/31/2026. Unit 4 is currently vacant, providing an opportunity for an owner-occupant or an investor to increase cash flow. The property features a durable brick exterior and numerous updates, including a new boiler system, helping reduce future capital expenditures. Conveniently located near shopping, dining, schools, and major highways, this property offers stable tenancy and strong rental demand. Whether you're a seasoned investor looking for a performing asset or seeking to expand your multifamily portfolio, 428 West Ave presents a compelling opportunity with immediate income and value-add potential.

Full Property Details for 428 West Ave

General

  • Price: $299,900
  • Taxes: $3,395 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: 505
  • MLS ID: 5209212
  • Updated: 6/22/2026
  • Added to Site: 23 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Parking Features: Attached, Driveway, Garage

Location

  • County: Lorain
  • Township: Elyria
  • Subdivision: Heman Elys Town
  • Driving Directions: Broad St to West Ave

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: Hot Water, Steam

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Asphalt
  • Stories/Levels: 2
  • Square Feet: 4,800
  • Living Area: 4,800 Sq. Ft.
  • Finished Above Grnd: 3,118 Sq. Ft.
  • Finished Below Grnd: 1,682 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.19
  • Lot Size: .19
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Amount: $3,395
  • Tax Year: 2025
  • Owner Pays: Electricity, Sewer, Trash Collection, Water

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: WEST AVE 70 X 121 LOT # 356
  • Property ID: 06-26-045-000-003

Listed by Keller Williams Greater Metropolitan, Kquawan Brown

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Listing agent

— 428 West Ave —

  • Kquawan Brown

    Keller Williams Greater Metropolitan

kquawanbrown@kw.com, 216-272-4616

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 428 West Ave

School District:Elyria City School District
NameGradesDistance
Franklin Elementary School, Elyria, OH
1215 Middle Avenue, Elyria, OH 44035
K-40.6 mi
Eastern Heights Middle School
528 Garford Avenue, Elyria, OH 44035
5-81 mi
Elyria High School
311 6th Street, Elyria, OH 44035
9-120.1 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 428 West Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Listed
$299,900
132.48%
MLS
12/14/2021
Sold
$129,000
—
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 428 West Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,395
108%
$68,656
134%
2023
$1,636
—
$29,316
—
2021
$1,635
—
$29,310
—
2022
$1,631
-3%
$29,310
9%
2020
$1,685
1%
$26,870
—
2019
$1,675
—
$26,870
—
2018
$1,678
-13%
$26,870
-10%
2017
$1,938
1%
$29,754
—
2016
$1,913
7%
$29,754
—
2015
$1,795
1%
$29,754
—
2014
$1,774
1%
$29,754
—
2013
$1,759
—
$29,754
—
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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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Greater Metropolitan, Kquawan Brown

428 West Avenue, Elyria, OH 44035 (MLS# 5209212) is a Multi-Family property with units containing 4 bedrooms and 4 full bathrooms. 428 West Avenue is currently listed for $299,900 and was received on June 22, 2026. Want to learn more about 428 West Avenue? 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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