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Back 317 West Ave
Off Market

317 West Ave

Elyria OH 44035

4
3
2112 sq. ft.
0.31 ac.
Duplex
Last sold for $119,000
Marian LukachMarian Lukach, last sold this property on 29 April 2026 after 91 days on market.

Overview

Turnkey, cash-flowing 3-unit multifamily investment with long-term stability and minimal maintenance. All three units are occupied by reliable tenants with 10+ years of residency, providing consistent income and low turnover. Tenants handle landscaping and minor repairs, reducing owner involvement. Property has been thoughtfully maintained with efficiency upgrades and minimal deferred maintenance. Recent improvements include a fully tuned and serviced boiler with replacement of dated components and new high-efficiency window/portable A/C units for each unit. Unit mix includes two 1-bed/1-bath units and one 2-bed/1-bath unit. Current rents total $1,750 per month with approximate monthly expenses of $500, producing strong net income and an attractive cap rate at asking price. All utilities are on one meter for simplified management. Ideal buy-and-hold opportunity offering immediate cash flow from day one. Don’t miss this solid income-producing asset—contact agent for additional details.

Features

4 bedrooms
3 bathrooms
2112 sq. ft. floor area
0.31 ac. lot size
Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Elyria over the last 12 months, the estimated median property value of 317 West Ave is $124.5k.

Median value
$124.5k
Estimated value range
$25k - $225k
Median days on market
37
Estimated value trend
25%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Elyria. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 317 West Ave

2026
Sold
$119,000
29 Apr 2026 by Marian Lukach, of Keller Williams Greater Metrop
2023
Sold
$60,000
20 Jul 2023 by Gary Dodson, of Howard Hanna
2017
Sold
$25,000
20 Nov 2017 by Diane Price, of The Sweda Group, LLC.

Happy sellers in Elyria

100%
100% of sellers in Elyria reported that their sale price either exceeded or met their price expectations.

Elyria stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Elyria over the last 12 months.

Local market activity for 4 bedroom duplexes in Elyria

In the last 12 months, 11 four-bedroom duplexes similar to 317 West Ave, have been sold.

This represents a 33% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Elyria

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Anthony Mendez

Anthony Mendez is an award winning recommended agent for Elyria.  They have 4 local sales and collected 2 local reviews across the last 12 months.

  •   5   (36 reviews)
  •  2 Reviews in Elyria
  •  4 Sales in Elyria
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Carla Harbert

Carla Harbert is an award winning recommended agent for Elyria.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  2 Reviews in Elyria
  •  3 Sales in Elyria
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Tawnee Mancuso

Tawnee Mancuso is a recommended agent for Elyria.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (9 reviews)
  •  2 Reviews in Elyria
  •  1 Sale in Elyria
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Donald Calhoun

Donald Calhoun is a recommended agent for Elyria.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (22 reviews)
  •  2 Reviews in Elyria
  •  1 Sale in Elyria
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