5 Water Street
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stairs to third floor
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33 photos

$94,500

5 Water Street
Elyria, OH 44035
Listed by James Wall · Russell Real Estate Services
Bedrooms
4
Bathrooms
3
Living area
1,844 sqft
Year built
1900

About this home

This lovely home is currently tenant occupied and has been rented out for 24 years. This large home can either be owner occupied or may be an investment property. Current tenant would like to remain. The home has 4 bedrooms on the second floor with a full bath. The main floor living space has a foyer, living room, dining room and large kitchen, also a full bathroom. The basement has a full bathroom, and the attic has a full bathroom that is not used. Windows are vinyl replacements, hot water tank is newer, furnace and A/C is 90% efficient. The 2 car detached garage door does not open (needs repair) and is not currently in use. This is a solid house that will need the new owners TLC. This home was previously used as a 4 unit rental prior to current owner who converted it to a single family rental. This home also passes annual section 8 inspections and is due for inspection. Currently renting out under market value on a month to month basis at $850.00 monthly and tenant paying all utilities. All trees were recently removed, and a new roof was installed 6/17/2026

Highlights

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Property details

MLS #
5220268
Property type
SingleFamilyResidence
Subdivision
Black River
Status
Active
Days on market
N/A
On market date
June 18, 2026
Stories
3
Garage spaces
1
Lot size
0.17 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Hamilton Elementary School
1.02 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
411
Student:teacher ratio
16.4:1
District
Elyria City Schools
Middle
Eastern Heights Middle School
1.39 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
704
Student:teacher ratio
16.8:1
District
Elyria City Schools
High
Elyria High School
0.56 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,667
Student:teacher ratio
16.2:1
District
Elyria City Schools

Mortgage calculator

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Est. monthly payment
$719/mo
$18,900 down
$75,600 loan
Principal & interest$490
Property tax (est.)$79
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated June 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.