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161 High Street

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Elyria, OH 44035

(Walking tour) Brand New Construction Duplex - Completed December 2025. Turn-key investment opportunity with strong cash flow and long-term tax advantages. This newly built duplex features two spacious units, each offering 3 bedrooms, 1 full bath, and 1,216 square feet of living space per side (2,432 total sq ft). Both units are leased with 2-year agreements in place, generating $3,000 per month ($36,000 annually) in rental income. The property delivers an 8%+ cap rate, making it an excellent addition to any investment portfolio. Enjoy a 15-year, 100% tax abatement, significantly reducing operating expenses and increasing net returns. As new construction completed in December 2025, the property also includes a 1-year builder warranty for added peace of mind. Low maintenance, stabilized income, and strong returns - this is a true turnkey investment.

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161 High Street

$399,000

  • 6 bedrooms
  • 2 baths
  • 2432 sq ft
  • MLS# : 5186668
  • Built in 2025

Nearby schools

  • Elyria City Schools

    Actual schools may vary. We recommend verifying with the local school district, the school assignment and enrollment process.

    Map & directions

    Contact

    Sharon Y Jebavy

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    FPO

    HomeWise Real Estate, LLC

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     By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Realtor.com (Move Sales, Inc.) about your inquiry and other home-related matters, but not as a condition of any purchase. You also agree to Realtor.com ’s Terms of Use and to Realtor.com ’s Privacy Policy regarding information relating to you. Msg/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list.
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