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 at $1100/month (lease expires 10/31/2026 then converts to month to month) 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.
Details
MLS #
5252372
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1900
Days On Site
1
Listing Provided By
Keller Williams Greater Metropolitan | Kquawan Brown
Features
Bed(s)
4
Bath(s)
4 Total
Garage
4
Basement
Y
Story(s)
2
Building(s)
1
Acreage
0.19
Parking
Garage Yes / No
Yes
Parking Features
Detached, Garage
Taxes
Tax Annual Amount
3395
Area Information
State
OH
County
Lorain
City
Elyria
Zip Code
44035
Community Name
Heman Elys Town
Listing VS Median (in Heman Elys Town)
Price: $284,900
low | high
Med: $0
On site: 1
low | high
Med:
Sourced by Back At You
Market Activity 44035
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Sep 2026
Sales: 3
Avg $ Per SqFt: $138.82
Min Sale Price: $155,000
Max Sale Price: $205,000
Med Sale Price: $160,000
Date: Aug 2026
Sales: 31
Avg $ Per SqFt: $129.8
Min Sale Price: $45,000
Max Sale Price: $450,000
Med Sale Price: $235,000
Date: Jul 2026
Sales: 41
Avg $ Per SqFt: $129.58
Min Sale Price: $47,000
Max Sale Price: $394,900
Med Sale Price: $192,000
Date: Jun 2026
Sales: 50
Avg $ Per SqFt: $141.68
Min Sale Price: $35,000
Max Sale Price: $380,000
Med Sale Price: $214,250
Date: May 2026
Sales: 54
Avg $ Per SqFt: $127.32
Min Sale Price: $10,000
Max Sale Price: $430,000
Med Sale Price: $186,000
Date: Apr 2026
Sales: 47
Avg $ Per SqFt: $145.2
Min Sale Price: $35,000
Max Sale Price: $515,000
Med Sale Price: $229,000
Date: Mar 2026
Sales: 58
Avg $ Per SqFt: $140.36
Min Sale Price: $25,000
Max Sale Price: $605,000
Med Sale Price: $201,500
Date: Feb 2026
Sales: 36
Avg $ Per SqFt: $131.8
Min Sale Price: $35,000
Max Sale Price: $415,758
Med Sale Price: $197,500
Date: Jan 2026
Sales: 36
Avg $ Per SqFt: $122.43
Min Sale Price: $1,099
Max Sale Price: $400,000
Med Sale Price: $193,000
Date: Dec 2025
Sales: 20
Avg $ Per SqFt: $114.99
Min Sale Price: $1,100
Max Sale Price: $363,750
Med Sale Price: $166,000
Date: Nov 2025
Sales: 38
Avg $ Per SqFt: $121.39
Min Sale Price: $15,000
Max Sale Price: $389,900
Med Sale Price: $155,000
Date: Oct 2025
Sales: 55
Avg $ Per SqFt: $128.28
Min Sale Price: $1,075
Max Sale Price: $399,000
Med Sale Price: $195,000
Sourced by Back At You
Sep 2026
Sales:
3
Avg $ Per SqFt:
$138.82
Min Sale Price:
$155,000
Max Sale Price:
$205,000
Med Sale Price:
$160,000
Aug 2026
Sales:
31
Avg $ Per SqFt:
$129.8
Min Sale Price:
$45,000
Max Sale Price:
$450,000
Med Sale Price:
$235,000
Jul 2026
Sales:
41
Avg $ Per SqFt:
$129.58
Min Sale Price:
$47,000
Max Sale Price:
$394,900
Med Sale Price:
$192,000
Jun 2026
Sales:
50
Avg $ Per SqFt:
$141.68
Min Sale Price:
$35,000
Max Sale Price:
$380,000
Med Sale Price:
$214,250
May 2026
Sales:
54
Avg $ Per SqFt:
$127.32
Min Sale Price:
$10,000
Max Sale Price:
$430,000
Med Sale Price:
$186,000
Apr 2026
Sales:
47
Avg $ Per SqFt:
$145.2
Min Sale Price:
$35,000
Max Sale Price:
$515,000
Med Sale Price:
$229,000
Mar 2026
Sales:
58
Avg $ Per SqFt:
$140.36
Min Sale Price:
$25,000
Max Sale Price:
$605,000
Med Sale Price:
$201,500
Feb 2026
Sales:
36
Avg $ Per SqFt:
$131.8
Min Sale Price:
$35,000
Max Sale Price:
$415,758
Med Sale Price:
$197,500
Jan 2026
Sales:
36
Avg $ Per SqFt:
$122.43
Min Sale Price:
$1,099
Max Sale Price:
$400,000
Med Sale Price:
$193,000
Dec 2025
Sales:
20
Avg $ Per SqFt:
$114.99
Min Sale Price:
$1,100
Max Sale Price:
$363,750
Med Sale Price:
$166,000
Nov 2025
Sales:
38
Avg $ Per SqFt:
$121.39
Min Sale Price:
$15,000
Max Sale Price:
$389,900
Med Sale Price:
$155,000
Oct 2025
Sales:
55
Avg $ Per SqFt:
$128.28
Min Sale Price:
$1,075
Max Sale Price:
$399,000
Med Sale Price:
$195,000
MLS Number: 5252372
Kquawan Brown – (216) 272-4616 – kquawanbrown@kw.com
Keller Williams Greater Metropolitan – (216) 839-5500 – klrw297@kw.com
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The information is being provided by MLS Now Independence OH. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MLS Now Independence OH. All Rights Reserved.
MLS Number: 5252372
Kquawan Brown – (216) 272-4616 – kquawanbrown@kw.com
Keller Williams Greater Metropolitan – (216) 839-5500 – klrw297@kw.com
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