https://tour.panoee.net/698c7eba1f39a56d8bb8a3ba/698c7f1060c07b57330c2346 (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.
Listed By
Agency Name: HomeWise Real Estate, LLC
Agency Contact: 614-432-7325, Sharon@homewisemls.com
Shown By
Agent Name: Terri Mariorana
Agent Phone: (330) 428-1044
Agency Title: Tanner Real Estate
Estimated Payment
$ 1,004.38 per month $888.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.38 Homeowner's Insurance
161 High Street | MLS# 5186668
This multi-family property located at 161 High Street, Elyria, OH 44035 is currently listed for sale with an asking price of $399,000. High Street is located within the Elyria City school district. Search Elyria real estate on tmaiorana.tannerrealestate.net today.