Great investment opportunity or live in one unit and let the tenant pay a portion of the mortgage. 2 family unit w/ 2 bedroom & 1 bath in each. Upper unit offers rear balcony. Both units mirror images of one another with 15 x 10 living room w/ hardwood flooring, 14 x 11 eat- in kitchen w/ vinyl flooring & stove, 1st bedroom measures 15 x 13 & 2nd bedroom measures 15 x 14 both w/ hardwood flooring for easy maintenance. Updated in past 10 years includes electrical & windows; one hot water tank replaced 2019, bathroom updates and roof & gutters 2023 w/ 25 year shingles. Spacious lot for additional parking. Conveniently located near schools, stores, restaurants, and easy access to all highways. Price reflects Basement needing work and furnaces are original, but still operable. List price is below recent assessed tax value. Lower unit is currently occupied and on a month to month agreement and may wish to stay, if option is there. Upstairs unit is vacant and ready for showings. Each unit has its own separate entrance to basement and residence. Current tenant takes care of lawn. Front porch accessed from lower unit. Conveniently located near highways, schools, shopping, restaurants, etc. Why pay rent when you can own and still bring in an income?
Multi-familyProperty Type
1900Year Built
6,534 sq ftLot Size
$105Est. Price/Sq.Ft.
1 spaceParking
Listed by Dawn Balog• Russell Real Estate Services
Great investment opportunity or live in one unit and let the tenant help with a portion of the mortgage. 2 family unit w/ 2 bedroom & 1 bath in each. Upper unit offers rear balcony. Both units mirror images of one another. Price reflects Basement needing work and furnaces are original, but still operable. List price is below recent assessed tax value.
MLSNOW #4142782
Apr 16, 2020
Listing Removed
—
Nov 18, 2019
Price Changed
$93,000
$51/sq ft
Oct 16, 2019
Listed
$98,000
$54/sq ft
MLSNOW #2313545
Feb 28, 2007
Listing Removed
—
Aug 9, 2006
Listed
$105,900
$58/sq ft
MLSNOW #2258590
Mar 21, 2006
Listing Removed
—
Dec 21, 2005
Listed
$108,000
$59/sq ft
Public Records
Oct 21, 1997
Sold
$56,000
$31/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,785 (+2.0%)
$11,310 + $45,020
$56,330
2024
$2,731 (+67.1%)
$11,309 + $45,024
$56,333
2023
$1,635 (+0.3%)
$7,039 + $22,239
$29,278
2022
$1,629 (−0.2%)
$7,039 + $22,239
$29,278
2021
$1,633 (+8.7%)
$7,039 + $22,239
$29,278
2020
$1,502 (+0.6%)
$5,761 + $18,200
$23,961
2019
$1,493 (−0.2%)
$5,761 + $18,200
$23,961
2018
$1,496 (−4.7%)
$5,761 + $18,200
$23,961
2017
$1,570 (+1.3%)
$5,957 + $18,141
$24,098
2016
$1,549 (+5.9%)
$5,957 + $18,141
$24,098
2014
$1,463 (+0.9%)
$6,066 + $18,473
$24,539
2013
$1,451
$6,066 + $18,473
$24,539
Tax history for 409 Gulf Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,785 (+2.0%)
$11,310 + $45,020
$56,330
2024
$2,731 (+67.1%)
$11,309 + $45,024
$56,333
2023
$1,635 (+0.3%)
$7,039 + $22,239
$29,278
2022
$1,629 (−0.2%)
$7,039 + $22,239
$29,278
2021
$1,633 (+8.7%)
$7,039 + $22,239
$29,278
2020
$1,502 (+0.6%)
$5,761 + $18,200
$23,961
2019
$1,493 (−0.2%)
$5,761 + $18,200
$23,961
2018
$1,496 (−4.7%)
$5,761 + $18,200
$23,961
2017
$1,570 (+1.3%)
$5,957 + $18,141
$24,098
2016
$1,549 (+5.9%)
$5,957 + $18,141
$24,098
2014
$1,463 (+0.9%)
$6,066 + $18,473
$24,539
2013
$1,451
$6,066 + $18,473
$24,539
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
2
Lot width
45 ft.
Lot depth
145 ft.
Lot size
6,525 Sq. Ft.
Year renovated
1979
Sq. Ft.
1,824
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Lorain County
APN
0625038103004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
R-MD
Residential Medium Density District
It is the purpose of the R-MD Residential-Medium Density District to establish and maintain high quality areas within the City for homes with a medium population density to preserve the existing residential neighborhoods characterized by single household residences.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Housing-Group
Housing-Single unit
Recreation
Property details
Parking
Parking
Features: Driveway, Gravel, No Garage, Unpaved
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
Room Information
# of Rooms (Total): 8
Has Basement
Basement Information: Full, Unfinished
Laundry Information
Features: In Basement, Lower Level
Equipment
Appliances: Range, Refrigerator
Multi Unit Information
# Of Buildings: 1
Exterior
Building Information
Stories: 2
Stories (Total): 2
Year Built Source: Public Records
Roof Details: Asphalt, Fiberglass
Construction Details: Aluminum Siding
Exterior Features
Exterior Features: Balcony, Private Entrance
Patio And Porch Features: Balcony
Fencing: Chain Link, Partial, Privacy, Wood
Pool and Spa Information
Pool Features: Community
Lot Information
Lot Size Area: 0.15
Lot Size Acres: 0.15
Lot Size Source: Public Records
Lot Features: City Lot, Flat, Level
Property Information
Has View
Above Grade Finished Area: 1,824
Above Grade Finished Area Source: Public Records
Direction Faces: West
Foundation Details: Block
Financial
Tax Information
Annual Tax Amount: $2,731
Tax Year: 2024
Rental Information
Owner Pays: Sewer, Taxes, Trash Collection, Water
Tenant Pays: Cable TV, Electricity, Gas
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Forced Air, Gas
Location
Community Information
Community Features: Medical Service, Playground, Park, Pool, Restaurant, Shopping
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,824
Stories: 2.0
Lot Size: 6,525 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: 1979
County: Lorain County
APN: 0625038103004
Home facts updated by county records on Aug 20, 2026
Around this home
Schools
Ely Elementary School
Public K-4 • Assigned • 0.2mi
4/10
Northwood Middle School
Public 5-8 • Assigned • 1.1mi
5/10
Elyria High School
Public 9-12 • Assigned • 1.4mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Elyria, OH • 44035
Average low and high temperatures (°F)
29
17
37
23
55
35
64
44
67
50
81
62
85
67
79
61
78
57
67
47
52
38
39
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 2.2 hours in December, placing it below the
U.S. average for solar exposure.
9.4 hrs
2.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$182,000 – $220,000
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