428 West Ave
Elyria, OH 44035
- 4 Beds
- 4 Baths
- 4,800 sqft
4 Beds
4 Baths
4,800 sqft
Local Information
-- mins to
Description
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.
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.
Home Highlights
Parking
1 Car Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$62
Listed
13 days ago
Home Details for 428 West Ave
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MLS Status: Active |
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Interior Details Basement: UnfinishedNumber of Rooms: 12 |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 4800 Square Feet |
Heating & Cooling Heating: Hot Water,SteamNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Hot Water |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Roof: AsphaltNo Private Pool |
Parking & Garage Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageParking Spaces: 1Parking: Attached,Driveway,Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 3118 Square FeetFinished Area (below surface): 1682 Square Feet |
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Cumulative Days on Market: 41Days on Market: 13 |
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Year Built Year Built: 1900 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Quadruplex, Multi Family |
Building Construction Materials: BrickDoes Not Include Home Warranty |
Property Information Parcel Number: 0626045000003 |
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Price List Price: $299,900Price Per Sqft: $62 |
Status Change & Dates Possession Timing: Delivery Of Deed |
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Direction & Address City: ElyriaCommunity: Heman Elys Town |
School Information Elementary School District: Elyria CSD - 4706Jr High / Middle School District: Elyria CSD - 4706High School District: Elyria CSD - 4706 |
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Listing Agent Listing ID: 5209212 |
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Building Area Building Area: 4800 Square Feet |
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Association for this Listing: Akron Cleveland Association of REALTORS |
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Lot Area: 8276.4 sqft |
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Special Conditions: Standard |
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Owner Pays: Electricity, Sewer, Trash Collection, Water |
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BasementMls Number: 5209212Living Area Range Units: Square FeetAttribution Contact: kquawanbrown@kw.com, 216-272-4616Above Grade Unfinished Area: 3118 |
Last check for updates: about 4 hours ago
Listing Provided by: Kquawan Brown, (216) 272-4616
Keller Williams Greater Metropolitan
Originating MLS: Akron Cleveland Association of REALTORS
Source: MLS Now, MLS#5209212

Also Listed on MLS Now.
Market trends in Elyria
Last updated May 2026
Avg. sale price
$176K
$1.12KMoM
Sale-to-List Price
99.1%
Price per sq ft
$127
$6MoM
Available listings
184
12MoM
Price History for 428 West Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 06/22/2026 | $299,900 | Listed For Sale | MLS Now #5209212 |
| 12/18/2021 | $129,000 | Sold | MLS Now #4326117 |
| 11/05/2021 | $149,000 | Pending | MLS Now #4326117 |
| 10/26/2021 | $149,000 | Contingent | MLS Now #4326117 |
| 10/18/2021 | $149,000 | Listed For Sale | MLS Now #4326117 |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,329 |
| Assessment | $196,160 |
Home facts updated by county records
Comparable Sales for 428 West Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Multi-Family Home | $119,000 | 04/29/26 | 4 | 3 | 2,112 | |
0.59 | Multi-Family Home | $145,000 | 01/07/26 | 4 | 3 | 4,020 | |
0.25 | Multi-Family Home | $156,500 | 02/26/26 | 4 | 2 | 1,922 | |
0.17 | Multi-Family Home | $109,900 | 10/08/25 | 3 | 3 | - | |
0.27 | Multi-Family Home | $73,500 | 03/31/26 | 4 | 2 | - | |
0.67 | Multi-Family Home | $140,000 | 05/04/26 | 5 | 2 | 1,920 | |
0.42 | Multi-Family Home | $135,000 | 12/23/25 | 6 | 3 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 428 West Ave.
What Locals Say about Elyria
At least 386 Trulia users voted on each feature.
88 % Say car is needed
85 % Say parking is easy
84 % Say there are sidewalks
83 % Say yards are well-kept
80 % Say it's dog friendly
70 % Say kids play outside
70 % Say there's holiday spirit
58 % Say streets are well-lit
52 % Say neighbors are friendly
52 % Say people would walk alone at night
49 % Say there's wildlife
49 % Say it's quiet
46 % Say they plan to stay for at least 5 years
41 % Say it's walkable to restaurants
40 % Say it's walkable to grocery stores
21 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kquawan Brown, Keller Williams Greater Metropolitan
Agent Phone: (216) 272-4616

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.
428 West Ave, Elyria, OH 44035 is a 4 bedroom, 4 bathroom, 4,800 sqft multi-family built in 1900. This property is currently available for sale and was listed by MLS Now on Jun 22, 2026. The MLS # for this home is MLS# 5209212.

