Listed By
Agency Name: HomeWise Real Estate, LLC
Agency Contact: 614-432-7325, Sharon@homewisemls.com
Shown By
Agent Name: Leah Ackerman
Agent Phone: (614) 306-5050
Agency Title: Cutler Real Estate
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Property Description
https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (Walking tour) Brand New Construction Duplex Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft). Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns. As new construction completed in December 2025, the property also includes a 1-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns ? this is a true turnkey investment.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air
Days on Market: 1
Heating: Gas
Lot Size: 0.23 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $0 / year
Year Built: 2025
Amenities
Kitchen Island
Laminate Counters
Open Floorplan
Pantry
Bar
Lighting
Feature Descriptions
Appliances: Cooktop, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator
Exterior: Blown-In Insulation, Concrete, Vinyl Siding
Fencing: Wood
Laundry: Washer Hookup, Electric Dryer Hookup, In Unit, Upper Level
Lot: Back Yard, Dead End
Parcel#: 06-24-027-108-032
Parking: Additional Parking, Common
Security: Smoke Detector(s)
Sewer: Public Sewer
View: City Lights, City
Water: Public
Window: Screens
Local Schools
School District: Elyria City
Estimate Your Payment
Estimated Payment
$ 2,063.10 per month $1,946.72 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.38 Homeowner's InsuranceChange Payment Information
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161 High Street | MLS# 5186668
This multi-family property located at 161 High Street, Elyria, OH 44035 is currently listed for sale with an asking price of $399,000. High Street is located within the Elyria City school district. Search Elyria real estate on www.leahackerman.com today.