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$175,000 Contingent

  • For Sale
  • Contingent
  • Triplex
  • 5 Beds
  • 2 Full Baths
  • 0.09 Acres
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Triplex investment opportunity in Elyria featuring two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, offering a strong unit mix for consistent rental demand. The two-bedroom units are currently rented at $850 and $725, with one lease secured through March 2027 and the other recently expired, providing flexibility for potential rent increases, while the one-bedroom unit is rented at $550 on a month-to-month lease. Tenants do not pay utilities, with the owner responsible for water, gas, and electric. The property has been well maintained, making it a solid addition to any investment portfolio with both stable income and value-add potential. Seller also owns multiple properties throughout Cleveland, Lorain, and Akron and is willing to sell properties individually or as packaged portfolios, giving buyers the flexibility to pick and choose assets to fit their investment strategy.

Full Property Details for 622 Middle Ave

General

  • Price: $175,000
  • Taxes: $1,945 (2025)
  • Status: Contingent
  • Type: Triplex
  • Source: 505
  • MLS ID: 5201397
  • Updated: 4/20/2026
  • Added to Site: 33 day(s) ago

Interior

  • Number of Rooms: 12

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Parking

  • Parking Features: Driveway, Parking Lot

Location

  • County: Lorain
  • Township: Elyria
  • Subdivision: O Bowen & William S Wallaces
  • Driving Directions: Middle 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: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Construction: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Roof: Asphalt, Fiberglass
  • Stories/Levels: 2
  • Year Built: 1925
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size: .09
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $1,945
  • Tax Year: 2025
  • Owner Pays: All Utilities
  • Tenant Pays: None

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: BOWEN & WALLACE 42 X 100
  • Property ID: 06-26-030-000-002

Listed by Home Equity Realty Group, Kim Lewis and Home Equity Realty Group, Charles Lewis

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Listing agents

— 622 Middle Ave —

  • Kim Lewis

    Home Equity Realty Group

  • Charles Lewis

    Home Equity Realty Group

charles.lewis@heqrealty.com, 440-539-4864

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 622 Middle Ave

School District:Elyria City School District
NameGradesDistance
Franklin Elementary School, Elyria, OH
1215 Middle Avenue, Elyria, OH 44035
K-40.5 mi
Eastern Heights Middle School
528 Garford Avenue, Elyria, OH 44035
5-80.9 mi
Elyria High School
311 6th Street, Elyria, OH 44035
9-120.2 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 622 Middle Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Listed
$175,000
16.67%
MLS
9/12/2024
Sold
$150,000
—
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 622 Middle Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,931
35%
$39,323
58%
2023
$1,432
3%
$24,938
—
2021
$1,391
-40%
$24,940
—
2022
$2,306
53%
$24,940
9%
2020
$1,505
6%
$22,860
—
2019
$1,425
—
$22,859
—
2018
$1,427
-4%
$22,859
—
2017
$1,488
1%
$22,845
—
2016
$1,469
7%
$22,845
—
2015
$1,378
1%
$22,845
—
2014
$1,362
1%
$22,845
—
2013
$1,350
—
$22,845
—
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 Home Equity Realty Group, Kim Lewis and Home Equity Realty Group, Charles Lewis

622 Middle Avenue, Elyria, OH 44035 (MLS# 5201397) is a Triplex property with 5 bedrooms and 2 full bathrooms. 622 Middle Avenue is currently listed for $175,000 and was received on April 15, 2026. Want to learn more about 622 Middle 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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