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228 GatesElyria, OH 44035

Gates · Lorain County

$123,000List price
4Beds
2Baths
1,491Sq Ft
1900Year built
0.08Acre lot
3 weeks agoOn market

Description

Great turn-key investment opportunity! This well-maintained duplex features 2 bedrooms and 1 full bathroom in each unit, with spacious living rooms, remodeled kitchens, and updated bathrooms. The upstairs unit is now **vacant and move-in ready** and has been **professionally painted and cleaned**, making it a great option for an owner-occupant or a new tenant. The downstairs unit is currently occupied by a month-to-month tenant paying **$875/month**. Recent improvements include basement waterproofing and a sump pump in 2022, newer hot water tanks (2019), furnaces (2021 upstairs and 2017 downstairs), and newer refrigerators in both units. Tenants pay their own utilities except water and sewer. The property features a slate roof that is in good condition and offers plenty of basement storage. Conveniently located near shopping, Downtown Elyria, schools, and other local amenities. Whether you're looking to house hack or add another income-producing property to your portfolio, this duplex offers plenty of potential. Schedule your showing today!

Property Information

Property type
Residential Income
Sub-type
Duplex
Year built
1900
Living area
1,491 Sq Ft
Lot size
0.08 acres
Days on market
21
MLS® Listing#
5244165

Property Features

Cooling
Window Unit(s)
Heating
Natural Gas · Forced Air
Basement
Full · Unfinished
Parking
No Garage · Paved
Laundry
In Unit
Fencing
Chain Link · Partial · Wood
Construction
Vinyl Siding
Roof
Slate
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$1,494Tax year 2025
Parcel number
06-26-019-102-010

Directions

NE

Listing Courtesy: EXP Realty, LLC. - home4u@georgesoldit.com, 440-502-9128

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. Listing information provided courtesy of the Northern Ohio Regional Multiple Listing Service.

Last Updated: 2026-09-11

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