1004 East Avenue Elyria, OH 44035
Listing Courtesy of: MLS LogoYES MLS / Listed By: Christopher Frederick, Coldwell Banker Schmidt Realty / Michele Frederick - Contact:  thefrederickteam@gmail.com, 216-210-7653

  1004 East Avenue Elyria, OH 44035

Active
$179,900 (USD)
7
BED
4
BATH
4,004
SQFT

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!

MLS #:
5209788
Taxes
$1,248(2025)
Lot Size
2.24 acres
Type
Multifamily
Year Built
1900
School District
Elyria Csd - 4706
County
Lorain County
Community
East Ave

Listed By

Christopher Frederick, Coldwell Banker Schmidt Realty, Contact: thefrederickteam@gmail.com, 216-210-7653
Michele Frederick, Coldwell Banker Schmidt Realty
Source
YES MLS
Last checked May 22 2026 at 7:01 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Interior Features
  • Laundry: Laundry Room
Subdivision
  • East Ave
Lot Information
  • Waterfront
Heating and Cooling
  • Forced Air
  • Baseboard
  • Gas
  • Electric
Basement Information
  • Unfinished
  • Walk-Out Access
Exterior Features
  • Roof: Asphalt
  • Roof: Fiberglass
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Parking
  • Driveway
  • Gravel
Stories
  • 3
Living Area
  • 4,004 sqft
Additional Information: Schmidt Realty | thefrederickteam@gmail.com, 216-210-7653
Location
   
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Disclaimer: Copyright 2026 YES MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/22/26 12:01