2394 Elyria Avenue
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17 photos

$130,000

2394 Elyria Avenue
Lorain, OH 44055
Listed by Kim Lewis · Home Equity Realty Group
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
1900

About this home

Brick duplex investment opportunity in Lorain featuring two well-maintained units, each offering 2 bedrooms and 1 bathroom, ideal for steady tenant demand. Both units are fully occupied at $950/month with leases in place through November 2026 and January 2027, providing immediate and reliable cash flow. Tenants are responsible for electric and gas, while the owner covers water, helping maintain manageable expenses. 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.

Property details

MLS #
5231115
Property type
Duplex
Subdivision
Black River Township
Status
Active
Days on market
N/A
On market date
July 28, 2026
Stories
2
Garage spaces
N/A
Lot size
0.19 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Garfield Elementary School
0.42 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
198
Student:teacher ratio
13.2:1
District
Lorain City
Middle
General Johnnie Wilson Middle School
0.91 mi away · Grades 6-8
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
453
Student:teacher ratio
17.4:1
District
Lorain City
High
New Beginnings
1.43 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
103
Student:teacher ratio
20.6:1
District
Lorain City

Mortgage calculator

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Est. monthly payment
$933/mo
$26,000 down
$104,000 loan
Principal & interest$675
Property tax (est.)$108
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 23 days ago.

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.