# 1004 East Avenue, Elyria, OH 44035

> **TL;DR:** 7bd/4ba residential multi family, $179,900 ($45/sqft), built 1900, 4,004 sqft.
> Waterfront. Est. $780/mo. Listed 10 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $179,900 |
| Price/sqft | $45 |
| Bedrooms | 7 |
| Bathrooms | 4 full |
| Square Feet | 4,004 |
| Year Built | 1900 |
| Lot Size | 97,574 sqft (2.24 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 10 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $780 |
| **Total** | **$780** |

## Key Amenities

- Waterfront

## Property Highlights

- Built in 1900
- 2.24 acre lot
- 3 stories
- Waterfront

## Description

### Agent Description
Attention investors & owner-occupied buyers looking for a rare 4-family opportunity w/tremendous upside potential! Build instant sweat equity w/this spacious quadplex offering 4 units on 3 finished levels...total of 7 bedrooms & 4 baths. Much of the remodeling work has already been completed, but some finishing remains, giving the next owner the opportunity to add value & maximize returns. Situated on a prime riverfront lot in an investment-friendly area including low taxes, strong rental demand & excellent Section 8 potential. Property offers exceptional income-producing possibilities whether you are expanding your portfolio, looking for multi-generational living or planning to live in one unit while letting the others help pay your mortgage. Major improvements already completed include lead abatement, solid roof, updated vinyl windows plus freshly improved exterior. Spacious layout & flexible unit configuration create excellent rental appeal & long-term investment potential. Vacant and easy to show, allowing immediate access for renovations or tenant placement. Seller lives outside the country and has found it difficult to complete the project remotely, creating a fantastic opportunity for the next owner to capitalize on the work already completed. Strong investment opportunity with excellent upside potential. No wholesalers, no owner financing and serious qualified inquiries only. Don't miss this unique riverfront multifamily opportunity!

## Location

- **Address:** 1004 East Avenue, Elyria, OH 44035
- **County:** Lorain
- **Neighborhood:** East Ave
- **Coordinates:** 41.357426, -82.103705
- **Google Maps:** https://www.google.com/maps?q=41.357426,-82.103705

## Listing Agent

- **Name:** Christopher A Frederick
- **Brokerage:** Coldwell Banker Schmidt Realty
- **Phone:** 2162107653
- **Email:** thefrederickteam@gmail.com

## Primary Photo

![1004 East Avenue - Primary Photo](http://lh.rdcpix.com/657e39a439866f5219ed18d315491ffel-f1997249187r.jpg)

*49 total photos available on [listing page](https://www.propertysimple.com/listing/1004-east-avenue-elyria-oh-44035-5209788)*

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**MLS#:** 5209788 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1004-east-avenue-elyria-oh-44035-5209788)

---

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