# 428 West Avenue, Elyria, OH 44035

> **TL;DR:** 4bd/4ba residential multi family, $299,900 ($62/sqft), built 1900, 4,800 sqft. Est. $1,603/mo. Listed 52 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $299,900 |
| Price/sqft | $62 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Square Feet | 4,800 |
| Year Built | 1900 |
| Lot Size | 8,276 sqft (0.19 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 52 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,516 |
| Estimated Insurance | $87 |
| **Total** | **$1,603** |

## Property Highlights

- Built in 1900
- 0.19 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 428 West Avenue, Elyria, OH 44035
- **County:** Lorain
- **Neighborhood:** Heman Elys Town
- **Coordinates:** 41.363254, -82.110049
- **Google Maps:** https://www.google.com/maps?q=41.363254,-82.110049

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/428-West-Avenue-Elyria-OH-44035/unbranded

## Listing Agent

- **Name:** Kquawan Brown
- **Brokerage:** Keller Williams Greater Metropolitan
- **Phone:** 2162724616

## Primary Photo

![428 West Avenue - Primary Photo](http://lh.rdcpix.com/ee07e3ed8c9fe376a285030eb6c3dd8al-f3780053943r.jpg)

*44 total photos available on [listing page](https://www.propertysimple.ai/listing/428-west-avenue-elyria-oh-44035-5209212)*

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**MLS#:** 5209212 | **Updated:** 2026-08-02
**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.ai/listing/428-west-avenue-elyria-oh-44035-5209212)

---

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